FRX Innovations (TSXV:FRXI) Change In Inventory : C$0.09 Mil (TTM As of Sep. 2023)

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What is FRX Innovations Change In Inventory?

FRX Innovations's change in inventory for the quarter that ended in Sep. 2023 was C$0.26 Mil. It means FRX Innovations's inventory declined by C$0.26 Mil from Jun. 2023 to Sep. 2023 .

FRX Innovations's change in inventory for the fiscal year that ended in Dec. 2022 was C$-2.60 Mil. It means FRX Innovations's inventory increased by C$2.60 Mil from Dec. 2021 to Dec. 2022 .

FRX Innovations's Total Inventories for the quarter that ended in Sep. 2023 was C$2.85 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FRX Innovations's Days Inventory for the quarter that ended in Sep. 2023 was 218.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. FRX Innovations's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.42.

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. FRX Innovations's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.81.

FRX Innovations Change In Inventory Historical Data

The historical data trend for FRX Innovations'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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FRX Innovations Change In Inventory Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

-0.44

0.97

-0.79

-2.60

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial									-	-1.07	0.54	0.37	0.26

FRX Innovations 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.09 Mil.

FRX Innovations (TSXV:FRXI) Change In Inventory Explanation

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

FRX Innovations's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.243	/	1.356	*	365 / 4
	=	218.23

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

FRX Innovations's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.356	/	3.243
	=	0.42

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.

FRX Innovations's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.243	/	0.851
	=	3.81

FRX Innovations Change In Inventory Related Terms

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FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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