McCoy Global (McCoy Global) Change In Inventory : $-8.22 Mil (TTM As of Mar. 2024)

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What is McCoy Global Change In Inventory?

McCoy Global's change in inventory for the quarter that ended in Mar. 2024 was $-2.60 Mil. It means McCoy Global's inventory increased by $2.60 Mil from Dec. 2023 to Mar. 2024 .

McCoy Global's change in inventory for the fiscal year that ended in Dec. 2023 was $-6.72 Mil. It means McCoy Global's inventory increased by $6.72 Mil from Dec. 2022 to Dec. 2023 .

McCoy Global's Total Inventories for the quarter that ended in Mar. 2024 was $25.76 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. McCoy Global's Days Inventory for the quarter that ended in Mar. 2024 was 265.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. McCoy Global's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.34.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. McCoy Global's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.99.

McCoy Global Change In Inventory Historical Data

The historical data trend for McCoy Global's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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McCoy Global Change In Inventory Chart

McCoy Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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3.79

5.39

0.26

-3.86

-6.72

McCoy Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-1.07	-1.82	-2.15	-1.66	-2.60

McCoy Global Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.22 Mil.

McCoy Global (OTCPK:MCCRF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

McCoy Global's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	24.283	/	8.342	*	365 / 4
	=	265.62

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

McCoy Global's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.342	/	24.283
	=	0.34

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

McCoy Global's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	24.283	/	12.221
	=	1.99

McCoy Global Change In Inventory Related Terms

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McCoy Global (McCoy Global) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McCoy Global Inc (OTCPK:MCCRF) » Definitions » Change In Inventory

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773:Germany MCB:Canada

Address

9910 39th Avenue NW, Suite 201, Edmonton, AB, CAN, T6E 5H8

Website

https://www.mccoyglobal.com

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts. Some of its products are specialized hydraulic power tongs, dies, and inserts, make or break torque equipment, and computerized torque turn monitoring systems.

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