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


What is Predictive Technology Group Inventory Turnover?

Predictive Technology Group PREDQ -90.00% Inventory Turnover is 3.85 as of Mar. 2021.

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  (OTCPK:PREDQ) 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

* 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

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

Predictive Technology Group Inventory Turnover Historical Data

* Premium members only.

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.

Predictive Technology Group Inventory Turnover Chart

Predictive Technology Group Annual Data
Trend Aug06 Aug07 Jun16 Jun17 Jun18 Jun19 Jun20
Inventory Turnover
Get a 7-Day Free Trial 0.00 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 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 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

* 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 Inventory Turnover →
What does a Inventory Turnover of 3.85 mean?
Predictive Technology Group (PREDQ) has a Inventory Turnover of 3.85 as of Mar. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Predictive Technology Group and its competitors.
Is Predictive Technology Group's Inventory Turnover too high?
Predictive Technology Group's current Inventory Turnover is 3.85.
How does Predictive Technology Group's Inventory Turnover compare to GLMD and RCAR?
Predictive Technology Group's Inventory Turnover of 3.85 can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Biotechnology company?
A good Inventory Turnover depends on the Biotechnology industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Predictive Technology Group and its competitors. Predictive Technology Group's current Inventory Turnover is 3.85. 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 Inventory Turnover of 3.85. The current Inventory Turnover is 3.85. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Predictive Technology Group (PREDQ), the current Inventory Turnover is 3.85 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.