Novo Integrated Sciences's total inventories for the quarter that ended in May. 2024 was $1.11 Mil. Novo Integrated Sciences's average total inventories from the quarter that ended in Feb. 2024 to the quarter that ended in May. 2024 was $1.03 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Novo Integrated Sciences's Net-Net Working Capital per share for the quarter that ended in May. 2024 was $-1.10.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Novo Integrated Sciences's Days Inventory for the
three
months ended in May. 2024 was 41.66.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Novo Integrated Sciences's Inventory Turnover for the quarter that ended in May. 2024 was 2.19.
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.
Novo Integrated Sciences's Inventory-to-Revenue for the quarter that ended in May. 2024 was 0.33.
Novo Integrated Sciences (OTCPK:NVOS) 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.
Novo Integrated Sciences's Net-Net Working Capital Per Share for the quarter that ended in May. 2024 is
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.
Novo Integrated Sciences's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as
* 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.
Novo Integrated Sciences Total Inventories Related Terms
Novo Integrated Sciences Total Inventories Historical Data
* 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.
Novo Integrated Sciences 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.
Novo Integrated Sciences (NVOS) has a Total Inventories of $1.11 Mil as of May. 2024. The total amount of inventory as recorded on a company's balance sheet. View historical data for Novo Integrated Sciences and its competitors.
Is Novo Integrated Sciences' Total Inventories too high?
Novo Integrated Sciences' current Total Inventories is $1.11 Mil. Overall, Novo Integrated Sciences has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novo Integrated Sciences' Total Inventories compare to BACK and NHLG?
Novo Integrated Sciences' Total Inventories of $1.11 Mil can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Total Inventories depends on the Healthcare Providers & Services 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 Novo Integrated Sciences and its competitors. Novo Integrated Sciences's current Total Inventories is $1.11 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novo Integrated Sciences stock overvalued right now?
Novo Integrated Sciences (NVOS) has a current Total Inventories of $1.11 Mil. The current Total Inventories is $1.11 Mil. Novo Integrated Sciences' overall GF Score™ is 12/100. 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 Novo Integrated Sciences (NVOS), the current Total Inventories is $1.11 Mil as of May. 2024. 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.
Novo Integrated Sciences Inc is a medical care company. It provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, massage therapy, acupuncture, neurological functions, kinesiology, and others. It has two reportable segments: healthcare services and product sales. Healthcare services generate the majority of revenue.
12GF Score
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