Morgan Advanced Materials (Morgan Advanced Materials) Change In Inventory : $-16 Mil (TTM As of Dec. 2023)

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What is Morgan Advanced Materials Change In Inventory?

Morgan Advanced Materials's change in inventory for the quarter that ended in Dec. 2023 was $6 Mil. It means Morgan Advanced Materials's inventory declined by $6 Mil from Jun. 2023 to Dec. 2023 .

Morgan Advanced Materials's change in inventory for the fiscal year that ended in Dec. 2023 was $-16 Mil. It means Morgan Advanced Materials's inventory increased by $16 Mil from Dec. 2022 to Dec. 2023 .

Morgan Advanced Materials's Total Inventories for the quarter that ended in Dec. 2023 was $222 Mil.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Morgan Advanced Materials's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.00.

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. Morgan Advanced Materials's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

Morgan Advanced Materials Change In Inventory Historical Data

The historical data trend for Morgan Advanced Materials'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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Morgan Advanced Materials Change In Inventory Chart

Morgan Advanced Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-7.73

24.73

-26.73

-30.69

-15.57

Morgan Advanced Materials Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-14.50	-23.15	-7.80	-21.72	6.20

Morgan Advanced Materials 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-16 Mil.

Morgan Advanced Materials (OTCPK:MCRUF) Change In Inventory Explanation

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

Morgan Advanced Materials's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	225.343	/	0	*	365 / 2
	=	N/A

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

Morgan Advanced Materials's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	225.343
	=	0.00

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.

Morgan Advanced Materials's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	225.343	/	709.873
	=	0.32

Morgan Advanced Materials Change In Inventory Related Terms

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Morgan Advanced Materials (Morgan Advanced Materials) Business Description

Industry

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MGAMl:UK MGAM:UK MGJ:Germany

Address

Sheet Street, York House, Windsor, GBR, SL4 1DD

Website

https://www.morganadvancedmaterials.com

Morgan Advanced Materials PLC is a U.K.-based company that manufactures a wide array of specialized and high-specification materials. The company's product line includes high-temperature insulation products used to reduce energy consumption, electrical carbon, linear and rotary transfer systems used for transferring electrical energy in motor and generator applications, seals and bearings, ceramic cores, piezoelectric sensors and transducers, crucibles, and others. The company's customers come from sectors including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial applications. Morgan Advanced Materials has a global presence, with the United States being the largest markets for the company.