INND (Innerscope Hearing Technologies) Total Inventories: $0.01 Mil (As of Dec. 2020)


What is Innerscope Hearing Technologies Total Inventories?

Innerscope Hearing Technologies INND -16.67% Total Inventories is $0.01 Mil as of Dec. 2020.

Innerscope Hearing Technologies's total inventories for the quarter that ended in Dec. 2020 was $0.01 Mil. Innerscope Hearing Technologies's average total inventories from the quarter that ended in Sep. 2020 to the quarter that ended in Dec. 2020 was $0.01 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Innerscope Hearing Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2020 was $-8.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Innerscope Hearing Technologies's Days Inventory for the three months ended in Dec. 2020 was 83.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innerscope Hearing Technologies's Inventory Turnover for the quarter that ended in Dec. 2020 was 1.09.

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. Innerscope Hearing Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.25.

Innerscope Hearing Technologies  (OTCPK:INND) 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.

Innerscope Hearing Technologies's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2020 is

Net-Net Working Capital Per Share (Q: Dec. 2020 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.003+0.75 * 0.012+0.5 * 0.005-12.036
-0-0)/1.430
=-8.41

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

Innerscope Hearing Technologies's Days Inventory for the three months ended in Dec. 2020 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2020 )/Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=0.0055/0.006*365 / 4
=83.65

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

Innerscope Hearing Technologies's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2020 ) / Average Total Inventories (Q: Dec. 2020 )
=0.006 / 0.0055
=1.09

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.

Innerscope Hearing Technologies's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2020 ) / Revenue (Q: Dec. 2020 )
=0.0055 / 0.022
=0.25

* 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.

Innerscope Hearing Technologies Total Inventories Related Terms

Innerscope Hearing Technologies Total Inventories Historical Data

* Premium members only.

The historical data trend for Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies Total Inventories Chart

Innerscope Hearing Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Inventories
Get a 7-Day Free Trial 0.00 0.01 0.09 0.02 0.01

Innerscope Hearing Technologies Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 0.02 0.01 0.00 0.01 0.01

Innerscope Hearing Technologies 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 $0.01 Mil mean?
Innerscope Hearing Technologies (INND) has a Total Inventories of $0.01 Mil as of Dec. 2020. The total amount of inventory as recorded on a company's balance sheet. View historical data for Innerscope Hearing Technologies and its competitors.
Is Innerscope Hearing Technologies' Total Inventories too high?
Innerscope Hearing Technologies' current Total Inventories is $0.01 Mil.
How does Innerscope Hearing Technologies' Total Inventories compare to NWCN and NCAP?
Innerscope Hearing Technologies' Total Inventories of $0.01 Mil can be compared against companies in the Medical Devices & Instruments 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 Devices & Instruments company?
A good Total Inventories depends on the Medical Devices & Instruments 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 Innerscope Hearing Technologies and its competitors. Innerscope Hearing Technologies's current Total Inventories is $0.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innerscope Hearing Technologies stock overvalued right now?
Innerscope Hearing Technologies (INND) has a current Total Inventories of $0.01 Mil. The current Total Inventories is $0.01 Mil. 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 Innerscope Hearing Technologies (INND), the current Total Inventories is $0.01 Mil as of Dec. 2020. 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.

Innerscope Hearing Technologies Business Description

Address 2151 Professional Drive, Suite 105, Roseville, CA, USA, 95661
Innerscope Hearing Technologies Inc is a manufacturer and distributor of OTC Hearing Aids, Hearing Aid Accessories & Hearing Health-Related Products (Hearing Products) dedicated to addressing the demand for affordable hearing solutions. The company operates retail hearing device clinics in California. InnerScope is focused on leveraging these strategic assets to identify, incubate, and support health-technology ventures positioned for growth in public markets and long-term shareholder value creation.