InnovaQor (InnovaQor) Total Inventories : $0.00 Mil (As of Sep. 2023)

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What is InnovaQor Total Inventories?

InnovaQor's total inventories for the quarter that ended in Sep. 2023 was $0.00 Mil. InnovaQor's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. InnovaQor's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. InnovaQor's Days Inventory for the three months ended in Sep. 2023 was 0.00.

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

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. InnovaQor's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

InnovaQor Total Inventories Historical Data

The historical data trend for InnovaQor'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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InnovaQor Total Inventories Chart

InnovaQor Annual Data

Trend

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Dec21

Dec22

Total Inventories

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0.01

InnovaQor Quarterly Data
	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

InnovaQor 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.

InnovaQor (OTCPK:INQR) 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.

InnovaQor's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.014	+	0.75 * 0.033	+	0.5 * 0	-	15.16
-	0.03	-	0)	/	244.953
=	-0.06

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

InnovaQor's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	0.122	*	365 / 4
	=	0.00

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

InnovaQor's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	0.122	/	0
	=	N/A

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.

InnovaQor's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	0.152
	=	0.00

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.

InnovaQor Total Inventories Related Terms

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InnovaQor (InnovaQor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » InnovaQor Inc (OTCPK:INQR) » Definitions » Total Inventories

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Address

400 S. Australian Avenue, Suite 800, West Palm Beach, FL, USA, 33401

Website

https://www.innovaqor.com

InnovaQor Inc provides information technology solutions and services to healthcare and laboratory customers in the United States. Its goal is to develop and deliver a technology-based medical professional's network communication platform to a broad range of healthcare professionals and businesses using a subscription revenue model with added value bolt-on services.

Executives

Francisco Iii Roca	director	400 SOUTH AUSTRALIAN AVENUE, 8TH FLOOR, WEST PALM BEACH FL 33401
Darrell L Peterson	director, officer: Chief Executive Officer	2390 CIRCLE DRIVE, WEST PALM BEACH FL 33406
Sharon Lynne Hollis	director	400 SOUTH AUSTRALIAN AVENUE, 8TH FLOOR, WEST PALM BEACH FL 33401
Justin Doherty	director	400 S. AUSTRALIAN AVENUE, SUITE 800, WEST PALM BEACH FL 33401
Thomas Joseph Bellante	officer: Chief Financial Officer	14706 CROYDON PLACE, TAMPA FL 33618
Jayne Kirby	officer: VP Finance	1035 LAURIER O., SUITE 200, MONTREAL A8 H2V 2L1
Arthur Gelston	10 percent owner	1035 LAURIER STREET WEST, MONTREAL A8 H2V 2L1
Visual Healthcare Corp	10 percent owner	790 ROCKLAND AVE., MONTREAL, QC. A8 H2V 2Z6
Philippe Rainville	officer: CFO	391A LAURIER WEST, MONTREAL A8 H2V 2K3
Philippe Panzini	director	391A LAURIER WEST, MONTREAL A8 H2V 2K3
Michel Maksud	officer: VP Technology	391A LAURIER WEST, MONTREAL A8 H2V 2K3
Gerard Dab	director, officer: CEO and Chairman of the Board	391A LAURIER WEST, MONTREAL A8 H2V 2K3
Louis J Lombardo	director	108 SMITH LAKE ROAD, ROSCOE NY 12776
Visualmed Clinical Systems Corp	10 percent owner
Barry Scharf	officer: VP Operations	391A LAURIER WEST, MONTREAL A8 H2V 2K3

InnovaQor (InnovaQor) Headlines

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