40.34 in thousandths would be read as: Forty and three hundred and forty thousandths.
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In words - that would be six thousandths.
You read it as zero and six ten thousandths.
eight hundred thousandths. Or at least that is how it would be read in the machine world. (IE half an inch or .500 would be read "five hundred thousandths". 0.8005 would be read "eight hundred and a half thousandths" as .xxx5 is half of one thousandth. )
It is 0.00300
Two hundred five thousandths.