Predictive Technology Group (Predictive Technology Group) Inventory Turnover : 3.85 (As of Mar. 2021)

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What is Predictive Technology Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Predictive Technology Group's Cost of Goods Sold for the three months ended in Mar. 2021 was $2.92 Mil. Predictive Technology Group's Average Total Inventories for the quarter that ended in Mar. 2021 was $0.76 Mil. Predictive Technology Group's Inventory Turnover for the quarter that ended in Mar. 2021 was 3.85.

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 three months ended in Mar. 2021 was 23.72.

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 Inventory Turnover Historical Data

The historical data trend for Predictive Technology Group's Inventory Turnover 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 Inventory Turnover Chart

Predictive Technology Group Annual Data

Trend

Aug06

Aug07

Jun16

Jun17

Jun18

Jun19

Jun20

Inventory Turnover

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3.63

1.99

3.41

5.65

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
Inventory Turnover	Get a 7-Day Free Trial															1.40	1.80	2.73	3.49	3.85

Predictive Technology Group Inventory Turnover Calculation

Predictive Technology Group's Inventory Turnover for the fiscal year that ended in Jun. 2020 is calculated as

	Inventory Turnover (A: Jun. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2020 )	/ (	(Total Inventories (A: Jun. 2019 )	+	Total Inventories (A: Jun. 2020 ))	/	count )
=	20.585	/ (	(5.775	+	1.515)	/	2 )
=	20.585	/	3.645
=	5.65

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

	Inventory Turnover (Q: Mar. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )
=	2.918	/ (	(0.594	+	0.923)	/	2 )
=	2.918	/	0.7585
=	3.85

Predictive Technology Group (OTCPK:PRED) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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 three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	0.7585	/	2.918	*	365 / 4
	=	23.72

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 quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	0.7585	/	6.894
	=	0.11

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Predictive Technology Group Inventory Turnover Related Terms

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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 » Inventory Turnover

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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.