Healthy Extracts (Healthy Extracts) Total Inventories : $1.55 Mil (As of Mar. 2024)

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What is Healthy Extracts Total Inventories?

Healthy Extracts's total inventories for the quarter that ended in Mar. 2024 was $1.55 Mil. Healthy Extracts's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $1.59 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Healthy Extracts's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Healthy Extracts's Days Inventory for the three months ended in Mar. 2024 was 516.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Healthy Extracts's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.18.

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. Healthy Extracts's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.31.

Healthy Extracts Total Inventories Historical Data

The historical data trend for Healthy Extracts'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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Healthy Extracts Total Inventories Chart

Healthy Extracts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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3.08

2.42

1.96

1.82

1.63

Healthy Extracts Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															1.65	1.47	1.53	1.63	1.55

Healthy Extracts 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.

Healthy Extracts (OTCPK:HYEX) 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.

Healthy Extracts's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.087	+	0.75 * 0.024	+	0.5 * 1.553	-	2.453
-	0	-	0)	/	2.96391
=	-0.53

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

Healthy Extracts's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.5895	/	0.281	*	365 / 4
	=	516.16

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

Healthy Extracts's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	0.281	/	1.5895
	=	0.18

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.

Healthy Extracts's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.5895	/	0.689
	=	2.31

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.

Healthy Extracts Total Inventories Related Terms

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Healthy Extracts (Healthy Extracts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Healthy Extracts Inc (OTCPK:HYEX) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

7375 Commercial Way, Suite 125, Henderson, NV, USA, 89011

Website

https://www.healthyextractsinc.com

Healthy Extracts Inc through its subsidiaries is engaged in proprietary research and development of natural plant-based formulations, manufacturing, sales, and distribution of cardiovascular and neuro products that provide natural brain solutions. The company also provides superfruit supplements to support overall cholesterol and cardiovascular health. Its products are distributed in the United States and Mexico. The company's operating segment includes Health Supplements and Corporate. It generates maximum revenue from the Health Supplements segment.

Executives

Robert Michael Madden	officer: Chief Financial Officer	5269 SOUTH ALVERA CIR, SALT LAKE CITY UT 84117
Croyle William Russell Jr	director	1 SILVERMOUND, LITTLETON CO 80127
Kevin Pitts	10 percent owner, officer: President	3664 CHRISTY RIDGE RD., SEDALIA CO 80135
Sanjeevkumar Ratanshi Javia	director, officer: President	7161 E. RANCHO VISTA DRIVE, SUITE 3008, SCOTTSDALE AZ 85251
Patrick Stiles	director, 10 percent owner, officer: President, CEO	10300 W. CHARLESTON, LAS VEGAS NV 89135
Joseph Nejman	director, 10 percent owner, officer: President	555 BRYANT ST., SUITE 555, PALO ALTO CA 94301
William C Bossung	director, 10 percent owner, officer: CFO and Secretary	10300 W. CHARLESTON BLVD., STE. 13-378, LAS VEGAS NV 89135
Brian J Dunn	director, 10 percent owner	7075 FLYING CLOUD DRIVE, EDEN PRAIRIE MN 55344
Fred Covely	director, 10 percent owner, officer: President and CEO	1508 GRANDVIEW RD., VISTA CA 92084