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Aspen Group's total inventories for the quarter that ended in Jan. 2023 was $0.00 Mil. Aspen Group's average total inventories from the quarter that ended in Oct. 2022 to the quarter that ended in Jan. 2023 was $0.00 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Aspen Group's Net-Net Working Capital per share for the quarter that ended in Jan. 2023 was $-1.31.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aspen Group's Days Inventory for the three months ended in Jan. 2023 was 0.00.
Inventory Turnover measures how fast the company turns over its inventory within a year.
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. Aspen Group's Inventory-to-Revenue for the quarter that ended in Jan. 2023 was 0.00.
The historical data trend for Aspen Group's Total Inventories 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.
Aspen Group Annual Data | |||||||||||||||||||||
Trend | Feb12 | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Aspen Group Quarterly Data | ||||||||||||||||||||
Apr18 | Jul18 | Oct18 | Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Aspen Group (OTCPK:ASPU) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Aspen Group's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2023 is
Net-Net Working Capital Per Share (Q: Jan. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (1.604 | + | 0.75 * 22.517 | + | 0.5 * 0 | - | 51.898 |
- | 0 | - | 0) | / | 25.4314 | ||
= | -1.31 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Aspen Group's Days Inventory for the three months ended in Jan. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jan. 2023 ) | / | Cost of Goods Sold (Q: Jan. 2023 ) | * | Days in Period |
= | 0 | / | 5.394 | * | 365 / 4 | |
= | 0.00 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Aspen Group's Inventory Turnover for the quarter that ended in Jan. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jan. 2023 ) | / | Average Total Inventories (Q: Jan. 2023 ) |
= | 5.394 | / | 0 | |
= | N/A |
4. 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.
Aspen Group's Inventory to Revenue for the quarter that ended in Jan. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jan. 2023 ) | / | Revenue (Q: Jan. 2023 ) |
= | 0 | / | 15.574 | |
= | 0.00 |
* 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.
Be Aware
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of Aspen Group's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael L Koehneman | director | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Douglas Kass | director | C/O EMPIRE RESOURCES, INC., ONE PARKER PLAZA, FORT LEE NJ 07024 |
Matthew Lavay | officer: Chief Financial Officer | C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, 5TH FL, PLEASANTON CA 94588 |
Cheri St. Arnauld | officer: Chief Academic Officer | 720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246 |
Michael Mathews | director, officer: Chief Executive Officer | 257 PARK AVENUE SOUTH, SUITE 602, NEW YORK NY 10010 |
Robert Alessi | officer: Chief Accounting Officer | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Joan Marie Prince | director | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Gerard Wendolowski | officer: Chief Operating Officer | 720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246 |
C James Jensen | director | C/O ASPEN GROUP, INC., 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Frank J Cotroneo | director | 4400 MAIN ST, KANSAS CITY MO 64111 |
Anne M Mcnamara | officer: Chief Nursing Officer | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Sanford Rich | director | 26 BEACH DRIVE, DARIEN CT 06820 |
Maclean Malcolm F Iv | director | C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222 |
Joseph L. Sevely | officer: Chief Financial Officer | 276 FIFTH AVENUE, SUITE 306, NEW YORK NY 10001 |
Janet Gill | officer: Executive Vice President | 720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246 |
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