Micron Solutions (Micron Solutions) Change In Inventory : $-0.02 Mil (TTM As of Mar. 2023)

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What is Micron Solutions Change In Inventory?

Micron Solutions's change in inventory for the quarter that ended in Mar. 2023 was $-0.18 Mil. It means Micron Solutions's inventory increased by $0.18 Mil from Dec. 2022 to Mar. 2023 .

Micron Solutions's change in inventory for the fiscal year that ended in Dec. 2022 was $-0.20 Mil. It means Micron Solutions's inventory increased by $0.20 Mil from Dec. 2021 to Dec. 2022 .

Micron Solutions's Total Inventories for the quarter that ended in Mar. 2023 was $3.39 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Micron Solutions's Days Inventory for the quarter that ended in Mar. 2023 was 61.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Micron Solutions's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.47.

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. Micron Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.64.

Micron Solutions Change In Inventory Historical Data

The historical data trend for Micron Solutions'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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Micron Solutions Change In Inventory Chart

Micron Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-0.35

1.26

-0.26

-0.27

-0.20

Micron Solutions Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Inventory	Get a 7-Day Free Trial															-0.37	0.51	-0.29	-0.05	-0.18

Micron Solutions 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 Mil.

Micron Solutions (OTCPK:MICRD) Change In Inventory Explanation

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

Micron Solutions's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.2925	/	4.854	*	365 / 4
	=	61.90

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

Micron Solutions's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.854	/	3.2925
	=	1.47

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.

Micron Solutions's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.2925	/	5.178
	=	0.64

Micron Solutions Change In Inventory Related Terms

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Micron Solutions (Micron Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micron Solutions Inc (OTCPK:MICRD) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Sawyer Passway, Fitchburg, MA, USA, 01420

Website

https://www.micronsolutionsinc.com

Micron Solutions Inc is a diversified contract manufacturing organization that produces engineered medical device components requiring precision machining and injection molding. It provides design, engineering, quality, and regulatory expertise across the three product lines, machining, thermoplastic injection molding, and sensors. It's engaged in the production and sale of silver chloride-coated and conductive resin sensors used as consumable component parts in the manufacture of integrated disposable electrophysiological sensors. It also provides other value-added services, including the design, manufacture, and rehabilitation of injection molding tools, pad printing, ultrasonic welding, stamping, laser marking, clean room molding, and others.

Executives

Steven D. Heinemann	10 percent owner	C/O GOOSE HILL CAPITAL, 546 FIFTH AVENUE, 14TH FLOOR, NEW YORK NY 10036
Wayne M Coll	officer: CFO
Rodd Friedman	director, 10 percent owner	12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854
Jason Russell Chambers	director	4355 COBB PKWY, SUITE J BOX 269, ATLANTA 2Q 30339
Robert A Mello	director	C/O IRIS INTERNATIONAL, INC., 9158 ETON AVENUE, CHATSWORTH CA 91311
William J. Laursen	director, officer: Chief Executive Officer	13 PENINSULA ROAD, HARVARD MA 01451
Andrei Soran	director	28 LOTHROP STREET, NEWTON MA 02460
Bryan Ganz	director	C/O ARRHYTHMIA RESEARCH TECHNOLOGY, INC., 25 SAWYER PASSWAY, FITCHBURG MA 01420
Ref Securities & Co.	10 percent owner	12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854
Marco Benedetti	director	9645 WEHRLE DRIVE, CLARENCE NY 14031
Salvatore Jr Emma	director, officer: PRESIDENT and CEO	20 LONGLEY ROAD, SHIRLEY MA 01464
Derek Thomas Welch	officer: Prin.Financial & Accounting	405 NEW WEST TOWNSEND ROAD, LUNENBURG MA 01462
Patrick L Muldoon	director	215 HUBBARDSTON ROAD, PRINCETON MA 01541
Michael S Gunter	director	104 CAMBRIDGE PLAZA DRIVE, WINSTON-SALEM NC 27104
Michael Francis Nolan	officer: Chief Operating Officer	25 SAWYER PASSWAY, FITCHBURG MA 01420