PREDQ (Predictive Technology Group) Days Inventory: 23.72 (As of Mar. 2021)


What is Predictive Technology Group Days Inventory?

Predictive Technology Group PREDQ -90.00% Days Inventory is 23.72 as of Mar. 2021.

Days Inventory is also known as Days Sales of Inventory (DSI). Predictive Technology Group's Average Total Inventories for the three months ended in Mar. 2021 was $0.76 Mil. Predictive Technology Group's Cost of Goods Sold for the three months ended in Mar. 2021 was $2.92 Mil. Hence, Predictive Technology Group's Days Inventory for the three months ended in Mar. 2021 was 23.72.

The historical rank and industry rank for Predictive Technology Group's Days Inventory or its related term are showing as below:

PREDQ's Days Inventory is not ranked *
in the Biotechnology industry.
Industry Median: 183.875
* Ranked among companies with meaningful Days Inventory only.

Predictive Technology Group's Days Inventory declined from Mar. 2020 (64.97) to Mar. 2021 (23.72).

Inventory Turnover measures how fast the company turns over its inventory within a year. Predictive Technology Group's Inventory Turnover for the three months 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 three months ended in Mar. 2021 was 0.11.

Predictive Technology Group  (OTCPK:PREDQ) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

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

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

2. 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 three months ended in Mar. 2021 is calculated as

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

* 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

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Predictive Technology Group Days Inventory Related Terms

Predictive Technology Group Days Inventory Historical Data

* Premium members only.

The historical data trend for Predictive Technology Group's Days 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.

Predictive Technology Group Days Inventory Chart

Predictive Technology Group Annual Data
Trend Aug06 Aug07 Jun16 Jun17 Jun18 Jun19 Jun20
Days Inventory
Get a 7-Day Free Trial 0.00 100.61 183.74 107.14 64.63

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
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 64.97 50.82 33.48 26.17 23.72

PREDQ vs GLMD, RCAR, CKPT: Days Inventory Comparison

For the Biotechnology subindustry, Predictive Technology Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Predictive Technology Group Days Inventory vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Predictive Technology Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Predictive Technology Group's Days Inventory falls into.


Predictive Technology Group Days Inventory Calculation

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 fiscal year that ended in Jun. 2020 is calculated as

Days Inventory (A: Jun. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2019 ) + Total Inventories (A: Jun. 2020 )) / count ) / Cost of Goods Sold (A: Jun. 2020 )*Days in Period
=( (5.775 + 1.515) / 2 ) / 20.585*365
=3.645 / 20.585*365
=64.63

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

Days Inventory (Q: Mar. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2020 ) + Total Inventories (Q: Mar. 2021 )) / count ) / Cost of Goods Sold (Q: Mar. 2021 )*Days in Period
=( (0.594 + 0.923) / 2 ) / 2.918*365 / 4
=0.7585 / 2.918*365 / 4
=23.72

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 23.72 mean?
Predictive Technology Group (PREDQ) has a Days Inventory of 23.72 as of Mar. 2021. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Predictive Technology Group and its competitors.
Is Predictive Technology Group's Days Inventory too high?
Predictive Technology Group's current Days Inventory is 23.72. The Biotechnology industry median Days Inventory is 183.88. Predictive Technology Group's value of 23.72 is 87.1% below this industry median.
How does Predictive Technology Group's Days Inventory compare to GLMD and RCAR?
Predictive Technology Group's Days Inventory of 23.72 can be compared against companies in the Biotechnology industry. The industry median Days Inventory is 183.88. Predictive Technology Group's value of 23.72 is 87.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Biotechnology company?
The median Days Inventory among Biotechnology companies is 183.88, based on 638 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Predictive Technology Group's current Days Inventory of 23.72 is 87.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Predictive Technology Group and its competitors. For the Biotechnology industry, the median Days Inventory is 183.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Predictive Technology Group's current Days Inventory is 23.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Predictive Technology Group stock overvalued right now?
Predictive Technology Group (PREDQ) has a current Days Inventory of 23.72. The current Days Inventory is 23.72 and 87.1% below the Biotechnology industry median of 183.88. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Predictive Technology Group (PREDQ), the current Days Inventory is 23.72 as of Mar. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Predictive Technology Group Business Description

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