LGMK (LogicMark) Total Inventories : $0.82 Mil (As of Sep. 2024)

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What is LogicMark Total Inventories?

LogicMark's total inventories for the quarter that ended in Sep. 2024 was $0.82 Mil. LogicMark's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $0.75 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. LogicMark's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $4.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LogicMark's Days Inventory for the three months ended in Sep. 2024 was 75.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. LogicMark's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.21.

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. LogicMark's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.28.

LogicMark Total Inventories Historical Data

The historical data trend for LogicMark'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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LogicMark Total Inventories Chart

LogicMark Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1.30

0.77

1.24

1.75

1.18

LogicMark Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															1.14	1.18	0.89	0.68	0.82

LogicMark 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.

LogicMark (NAS:LGMK) 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.

LogicMark's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.586	+	0.75 * 0.117	+	0.5 * 0.819	-	1.881
-	2.126	-	0)	/	0.47454
=	4.38

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

LogicMark's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0.749	/	0.903	*	365 / 4
	=	75.69

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

LogicMark's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	0.903	/	0.749
	=	1.21

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.

LogicMark's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.749	/	2.705
	=	0.28

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.

LogicMark Total Inventories Related Terms

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LogicMark Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LogicMark Inc (NAS:LGMK) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

0KA8:UK

Address

2801 Diode Lane, Louisville, KY, USA, 40299

Website

https://www.logicmark.com

LogicMark Inc provides personal emergency response systems (PERS), health communications devices, and IoT technologies to create a connected care platform. Its devices give people the ability to receive care at home and confidence to age in place. The company incorporates two-way voice communication technology directly into its medical alert pendant and provides this life-saving technology at a price point that everyday consumers can afford.

Executives

Carine Schneider	director	C/O LOGICMARK INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Robert Arthur Curtis	director	C/O TECHNEST HOLDINGS, INC., 10411 MOTOR CITY DR. #650, BETHESDA MD 20817
Barbara Gutierrez	director	8950 E. LOWRY BLVD., DENVER CO 80230
John P Pettitt	director	3031 TISCH WAY, STE 900, SAN JOSE CA 95128
Sherice Torres	director	PO BOX 20833, SAN JOSE CA 95160
Mark Archer	officer: Chief Financial Officer	C/O NXT-ID, INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Chia-lin Simmons	director, officer: Chief Executive Officer	288 CHRISTIAN STREET, HANGAR C 2ND FLOOR, OXFORD CT 06478
Michael Joseph Orlando	director, officer: Chief Operating Officer	1806 145TH PL SE, MILL CREEK WA 98012
C. David Tunnell	director, 10 percent owner, officer: Chief Technology Officer	1721 WINDING RIDGE CIRCLE SE, PALM BAY FL 32909
Worldventures Holdings, Llc	10 percent owner	5100 TENNYSON PARKWAY, PLANO TX 75024
Wayne Tilman Nugent	10 percent owner	5100 TENNYSON PARKWAY, PLANO TX 75024
Stanley Eric Washington	director	3745 OLYMPIAD DRIVE, LOS ANGELES CA 90043
Vincent S Miceli	officer: Vice President and CFO	87 GRANDVIEW AVENUE, WATERBURY CT 06708
Daniel P Sharkey	director
Michael D'almada-remedios	director	5610 TROON COURT, DISCOVERY BAY CA 94505-9299