Predictive Technology Group (Predictive Technology Group) Change In Inventory : $1.27 Mil (TTM As of Mar. 2021)

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What is Predictive Technology Group Change In Inventory?

Predictive Technology Group's change in inventory for the quarter that ended in Mar. 2021 was $-0.33 Mil. It means Predictive Technology Group's inventory increased by $0.33 Mil from Dec. 2020 to Mar. 2021 .

Predictive Technology Group's change in inventory for the fiscal year that ended in Jun. 2020 was $4.26 Mil. It means Predictive Technology Group's inventory declined by $4.26 Mil from Jun. 2019 to Jun. 2020 .

Predictive Technology Group's Total Inventories for the quarter that ended in Mar. 2021 was $0.92 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Predictive Technology Group's Days Inventory for the quarter that ended in Mar. 2021 was 23.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Predictive Technology Group's Inventory Turnover for the quarter that ended in Mar. 2021 was 3.85.

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. Predictive Technology Group's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.11.

Predictive Technology Group Change In Inventory Historical Data

The historical data trend for Predictive Technology Group'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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Predictive Technology Group Change In Inventory Chart

Predictive Technology Group Annual Data

Trend

Aug06

Aug07

Jun16

Jun17

Jun18

Jun19

Jun20

Change In Inventory

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-0.21

-3.58

-1.44

4.26

Predictive Technology Group Quarterly Data
	Nov07	Feb08	May08	Jun16	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Change In Inventory	Get a 7-Day Free Trial															1.66	0.68	0.49	0.43	-0.33

Predictive Technology Group 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.27 Mil.

Predictive Technology Group (OTCPK:PRED) Change In Inventory Explanation

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

Predictive Technology Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.7585	/	2.918	*	365 / 4
	=	23.72

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

Predictive Technology Group's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.918	/	0.7585
	=	3.85

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.

Predictive Technology Group's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7585	/	6.894
	=	0.11

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Predictive Technology Group (Predictive Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Predictive Technology Group Inc (OTCPK:PRED) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

2735 Parleys Way, Suite 205, Salt Lake City, UT, USA, 84109

Website

https://www.predtechgroup.com

Predictive Technology Group Inc (PRx) is a biotechnology company. It develops, commercializes, acquires and invests in technologies engaged in novel molecular diagnostic and therapeutic products in healthcare. The HCT/P segment offers minimally manipulated tissue products intended for homologous use, prepared utilizing proprietary extraction methods that reduce the loss of important scaffolding, growth factors and cytokines. The company's Diagnostics and Therapeutics segment uses data analytics for disease identification and subsequent therapeutic intervention through novel gene-based diagnostics, and companion therapeutics. It generates most of its revenues from HCT/Ps segment.