Nuvera Communications (Nuvera Communications) Change In Inventory : $0.07 Mil (TTM As of Mar. 2024)

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What is Nuvera Communications Change In Inventory?

Nuvera Communications's change in inventory for the quarter that ended in Mar. 2024 was $0.05 Mil. It means Nuvera Communications's inventory declined by $0.05 Mil from Dec. 2023 to Mar. 2024 .

Nuvera Communications's change in inventory for the fiscal year that ended in Dec. 2023 was $0.04 Mil. It means Nuvera Communications's inventory declined by $0.04 Mil from Dec. 2022 to Dec. 2023 .

Nuvera Communications's Total Inventories for the quarter that ended in Mar. 2024 was $32.49 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nuvera Communications's Days Inventory for the quarter that ended in Mar. 2024 was 391.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nuvera Communications's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.23.

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. Nuvera Communications's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.97.

Nuvera Communications Change In Inventory Historical Data

The historical data trend for Nuvera Communications'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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Nuvera Communications Change In Inventory Chart

Nuvera Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.25

-0.14

-0.21

0.01

0.04

Nuvera Communications 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															0.02	0.01	0.01	0.01	0.05

Nuvera Communications 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 $0.07 Mil.

Nuvera Communications (OTCPK:NUVR) Change In Inventory Explanation

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

Nuvera Communications's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	33.462	/	7.796	*	365 / 4
	=	391.66

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.796	/	33.462
	=	0.23

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	33.462	/	16.945
	=	1.97

Nuvera Communications Change In Inventory Related Terms

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Nuvera Communications (Nuvera Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Nuvera Communications Inc (OTCPK:NUVR) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

27 North Minnesota Street, New Ulm, MN, USA, 56073

Website

https://www.nuvera.net

Nuvera Communications Inc is a communications company. It provides Internet, digital TV, voice, and managed services such as web hosting and design, online file storage and others. It generates its revenue in the form of local services, network access, video, data, A-CAM/FUSF, and others. The company operates in the Communications Segment. The Communications Segment consists of voice, data and video communication services delivered to the customer over fiber communications network.

Executives

Glenn Zerbe	officer: CEO/President	27 NORTH MINNESOTA STREET, NEW ULM MN 56073
Craig Steven Anderson	officer: Chief Business Development Off	P.O. BOX 697, NEW ULM MN 56073
James J Seifert	director	C/O BEMIS CO INC, 222 S. 9TH ST. #2300, MINNEAPOLIS MN 55402
Skillings Colleen R.	director	36 WOODLAND DRIVE, NEW ULM MN 56073
Duane Lambrecht	director
Wesley E Schultz	director	PO BOX 2000, 3905 DAKOTA STREET SW, ALEXANDRIA MN 56308
Suzanne M. Spellacy	director	108 ALEXANDER COURT, MANKATO MN 56001
Barbara A Bornhoft	officer: Vice President
Perry Meyer	director	RR 3 BOX 130, NEW ULM MN 56073
James P Jensen	director
Curtis O. Kawlewski	officer: CFO	3710 REED ROAD, ST, BONIFACIUS MN 55375
Dennis Miller	director	18930 JASMINE ROAD, MANKATO MN 56001
Bill D Otis	officer: CEO/President
Patricia L Matthews	officer: Assistant Secretary
Mary Ellen Domeier	director

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