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NUVOQ (Holdco Nuvo Group DG) Total Inventories : $0.02 Mil (As of Dec. 2023)


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What is Holdco Nuvo Group DG Total Inventories?

Holdco Nuvo Group DG's total inventories for the quarter that ended in Dec. 2023 was $0.02 Mil. Holdco Nuvo Group DG's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $0.30 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Holdco Nuvo Group DG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Holdco Nuvo Group DG's Days Inventory for the six months ended in Dec. 2023 was 593.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Holdco Nuvo Group DG's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.31.

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. Holdco Nuvo Group DG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.33.

Holdco Nuvo Group DG Total Inventories Historical Data

The historical data trend for Holdco Nuvo Group DG'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.

* Premium members only.

Holdco Nuvo Group DG Total Inventories Chart

Holdco Nuvo Group DG Annual Data
Trend Dec21 Dec22 Dec23
Total Inventories
0.52 0.54 0.02

Holdco Nuvo Group DG Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Total Inventories 0.52 - 0.54 0.57 0.02

Holdco Nuvo Group DG 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.

Holdco Nuvo Group DG  (OTCPK:NUVOQ) 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.

Holdco Nuvo Group DG's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.553+0.75 * 0.04+0.5 * 0.02-70.976
-0-0)/33.262
=-2.12

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

Holdco Nuvo Group DG's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0.296/0.091*365 / 2
=593.63

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

Holdco Nuvo Group DG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=0.091 / 0.296
=0.31

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.

Holdco Nuvo Group DG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0.296 / 0.127
=2.33

* 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.

Holdco Nuvo Group DG Total Inventories Related Terms

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Holdco Nuvo Group DG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Holdco Nuvo Group DG Ltd (OTCPK:NUVOQ) » Definitions » Total Inventories
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Traded in Other Exchanges
N/A
Address
94 Yigal Alon Street, Alon Tower 1, Tel Aviv, ISR, 6789155
Website
https://www.nuvocares.com
Holdco Nuvo Group DG Ltd is a women's health and connected pregnancy care company and has developed INVU by Nuvo, an FDA-cleared, prescription-initiated, remote pregnancy monitoring platform that enables the delivery of remote non-stress tests and maternal and fetal heart rate monitoring, helping expectant mothers adhere to their prescribed care plan. INVU is composed of a hardware component (wearable), with digital signal processing and cloud analytics, and interfaces for every participant involved in pregnancy care.