HTGMQ (HTG Molecular Diagnostics) Total Inventories: $0.66 Mil (As of Mar. 2023)


HTGMQ HTG Molecular Diagnostics Inc HTGMQ
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What is HTG Molecular Diagnostics Total Inventories?

HTG Molecular Diagnostics HTGMQ 12 Total Inventories is $0.66 Mil as of Mar. 2023. GuruFocus rates HTGMQ with a GF Score™ of 12/100.

HTG Molecular Diagnostics's total inventories for the quarter that ended in Mar. 2023 was $0.66 Mil. HTG Molecular Diagnostics's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Mar. 2023 was $0.78 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. HTG Molecular Diagnostics's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HTG Molecular Diagnostics's Days Inventory for the three months ended in Mar. 2023 was 62.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. HTG Molecular Diagnostics's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.47.

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. HTG Molecular Diagnostics's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.76.

HTG Molecular Diagnostics  (OTCPK:HTGMQ) 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.

HTG Molecular Diagnostics'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)
=(6.563+0.75 * 1.132+0.5 * 0.655-10.391
-0-0)/2.214
=-1.20

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

HTG Molecular Diagnostics'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
=0.782/1.15*365 / 4
=62.05

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

HTG Molecular Diagnostics'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 )
=1.15 / 0.782
=1.47

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.

HTG Molecular Diagnostics'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 )
=0.782 / 1.033
=0.76

* 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

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.

HTG Molecular Diagnostics Total Inventories Related Terms

HTG Molecular Diagnostics Total Inventories Historical Data

* Premium members only.

The historical data trend for HTG Molecular Diagnostics'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.

HTG Molecular Diagnostics Total Inventories Chart

HTG Molecular Diagnostics Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.31 1.27 1.49 1.99 0.91

HTG Molecular Diagnostics Quarterly Data
Jun18 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 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 2.02 1.96 1.69 0.91 0.66
HTGMQ
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HTG Molecular Diagnostics Inc HTGMQ
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HTG Molecular Diagnostics 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $0.66 Mil mean?
HTG Molecular Diagnostics (HTGMQ) has a Total Inventories of $0.66 Mil as of Mar. 2023. The total amount of inventory as recorded on a company's balance sheet. View historical data for HTG Molecular Diagnostics and its competitors.
Is HTG Molecular Diagnostics' Total Inventories too high?
HTG Molecular Diagnostics' current Total Inventories is $0.66 Mil. Overall, HTG Molecular Diagnostics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does HTG Molecular Diagnostics' Total Inventories compare to ABMC and TMO?
HTG Molecular Diagnostics' Total Inventories of $0.66 Mil can be compared against companies in the Medical Diagnostics & Research industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Medical Diagnostics & Research company?
A good Total Inventories depends on the Medical Diagnostics & Research industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for HTG Molecular Diagnostics and its competitors. HTG Molecular Diagnostics's current Total Inventories is $0.66 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HTG Molecular Diagnostics stock overvalued right now?
HTG Molecular Diagnostics (HTGMQ) has a current Total Inventories of $0.66 Mil. The current Total Inventories is $0.66 Mil. HTG Molecular Diagnostics' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For HTG Molecular Diagnostics (HTGMQ), the current Total Inventories is $0.66 Mil as of Mar. 2023. 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.

HTG Molecular Diagnostics Business Description

Address 3430 E. Global Loop, Tucson, AZ, USA, 85706
HTG Molecular Diagnostics Inc is a life science company whose mission is to advance precision medicine through its transcriptome-wide profiling and medicinal chemistry technologies. The company derives revenue from sales of its HTG EdgeSeq system and integrated next-generation sequencing-based HTG EdgeSeq research use only assays and from sample processing services performed in its VERI/O laboratory. The company operates in one segment and its customers and distributors are located in the United States and Europe.
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