Galaxy Next Generation (Galaxy Next Generation) Total Inventories : $0.49 Mil (As of Mar. 2023)

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What is Galaxy Next Generation Total Inventories?

Galaxy Next Generation's total inventories for the quarter that ended in Mar. 2023 was $0.49 Mil. Galaxy Next Generation's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Mar. 2023 was $0.85 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Galaxy Next Generation's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Galaxy Next Generation's Days Inventory for the three months ended in Mar. 2023 was 100.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. Galaxy Next Generation's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.91.

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. Galaxy Next Generation's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 1.30.

Galaxy Next Generation Total Inventories Historical Data

The historical data trend for Galaxy Next Generation'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.

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Galaxy Next Generation Total Inventories Chart

Galaxy Next Generation Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Total Inventories

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0.65

0.74

3.27

1.00

Galaxy Next Generation Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Total Inventories	Get a 7-Day Free Trial															0.95	1.00	0.95	1.22	0.49

Galaxy Next Generation Total Inventories Calculation

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.

Galaxy Next Generation (OTCPK:GAXYQ) 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.

Galaxy Next Generation's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.17	+	0.75 * 0.638	+	0.5 * 0.487	-	9.629
-	0	-	0)	/	116.53
=	-0.07

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

Galaxy Next Generation's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	0.853	/	0.772	*	365 / 4
	=	100.82

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

Galaxy Next Generation's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	0.772	/	0.853
	=	0.91

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.

Galaxy Next Generation's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	0.853	/	0.657
	=	1.30

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.

Galaxy Next Generation Total Inventories Related Terms

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Galaxy Next Generation (Galaxy Next Generation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Next Generation Inc (OTCPK:GAXYQ) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

286 Big A Road, Toccoa, GA, USA, 30577

Website

https://www.galaxynext.us

Galaxy Next Generation Inc is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include its own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices.

Executives

Magen Mcgahee	director, 10 percent owner, officer: COO	C/O GALAXY NEXT GENERATION, INC., 285 N. BIG A ROAD, TOCCOA GA 30577
Gary Lecroy	director, 10 percent owner, officer: CEO	385 BIG A ROAD, TOCCA GA 30557
Keith Watson	10 percent owner	188 WHIPPOORWILL LANE, TOCCOA GA GA 30577
Watson Kevin Collier	10 percent owner	5086 HWY. 1]84 NORTH, TOCCOA GA GA 30577