Span-America Medical Systems (Span-America Medical Systems) Change In Inventory : $0.33 Mil (TTM As of Mar. 2017)

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What is Span-America Medical Systems Change In Inventory?

Span-America Medical Systems's change in inventory for the quarter that ended in Mar. 2017 was $-0.18 Mil. It means Span-America Medical Systems's inventory increased by $0.18 Mil from Dec. 2016 to Mar. 2017 .

Span-America Medical Systems's change in inventory for the fiscal year that ended in Sep. 2016 was $1.32 Mil. It means Span-America Medical Systems's inventory declined by $1.32 Mil from Sep. 2015 to Sep. 2016 .

Span-America Medical Systems's Total Inventories for the quarter that ended in Mar. 2017 was $7.37 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Span-America Medical Systems's Days Inventory for the quarter that ended in Mar. 2017 was 70.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Span-America Medical Systems's Inventory Turnover for the quarter that ended in Mar. 2017 was 1.29.

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. Span-America Medical Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.48.

Span-America Medical Systems Change In Inventory Historical Data

The historical data trend for Span-America Medical Systems'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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Span-America Medical Systems Change In Inventory Chart

Span-America Medical Systems Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Change In Inventory

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0.52

2.90

-1.11

-1.70

1.32

Span-America Medical Systems Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Change In Inventory	Get a 7-Day Free Trial															-0.67	-0.33	0.63	0.21	-0.18

Span-America Medical Systems 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. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.33 Mil.

Span-America Medical Systems (NAS:SPAN) Change In Inventory Explanation

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

Span-America Medical Systems's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	7.2715	/	9.365	*	365 / 4
	=	70.85

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

Span-America Medical Systems's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.365	/	7.2715
	=	1.29

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.

Span-America Medical Systems's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.2715	/	15.226
	=	0.48

Span-America Medical Systems Change In Inventory Related Terms

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Span-America Medical Systems (Span-America Medical Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Span-America Medical Systems Inc (NAS:SPAN) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Website

http://www.spanamerica.com

Span-America Medical Systems Inc was incorporated under the laws of the state of South Carolina on September 21, 1970. The Company manufactures and distributes therapeutic support surfaces, mattress overlays, patient positioners, seating cushions, skin care products and fall prevention products for the medical market and pillows, mattress pads and various foam products for the custom products market throughout the United States and Canada. Its operations are divided into two main business units or segments: medical and custom products. The Company's main medical products consist of polyurethane foam mattress overlays, therapeutic support surfaces (which consist of non-powered and powered therapeutic support surfaces) and patient positioners as well as Selan (r) skin care, seating and fall protection products. The Company's custom products segment includes two product lines namely consumer bedding products and various engineered industrial products. The Company's consumer product line consists mainly of convoluted and contour-cut mattress overlays and specially designed pillows for the consumer bedding market. It sells these products mainly in North America to customers in the segments of the health care market, including acute care hospitals, long-term care facilities and home health care providers. The Company's manufacturing operations are subject to various government regulations pertaining to the discharge of materials into the environment.

Executives

Terry Allison Rappuhn	director	P O BOX 58062, NASHVILLE TN 37205
Thomas Joseph Sullivan	director	64 PETTIT PL PRINCETON NJ 08540
Robert B Johnston	director

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