Predictive Technology Group (Predictive Technology Group) Total Inventories : $0.92 Mil (As of Mar. 2021)

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What is Predictive Technology Group Total Inventories?

Predictive Technology Group's total inventories for the quarter that ended in Mar. 2021 was $0.92 Mil. Predictive Technology Group's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Mar. 2021 was $0.76 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Predictive Technology Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was $-0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Predictive Technology Group's Days Inventory for the three months ended in Mar. 2021 was 23.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Predictive Technology Group's Inventory Turnover for the quarter that ended in Mar. 2021 was 3.85.

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. Predictive Technology Group's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.11.

Predictive Technology Group Total Inventories Historical Data

The historical data trend for Predictive Technology Group'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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Predictive Technology Group Total Inventories Chart

Predictive Technology Group Annual Data

Trend

Aug06

Aug07

Jun16

Jun17

Jun18

Jun19

Jun20

Total Inventories

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0.21

3.79

5.78

1.52

Predictive Technology Group Quarterly Data
	Nov07	Feb08	May08	Jun16	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Total Inventories	Get a 7-Day Free Trial															2.19	1.52	1.03	0.59	0.92

Predictive Technology Group 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.

Predictive Technology Group (OTCPK:PRED) 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.

Predictive Technology Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 is

	Net-Net Working Capital Per Share (Q: Mar. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.152	+	0.75 * 2.415	+	0.5 * 0.923	-	35.089
-	0	-	-0.463)	/	299.597
=	-0.11

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

Predictive Technology Group's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	0.7585	/	2.918	*	365 / 4
	=	23.72

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

Predictive Technology Group's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2021 )	/	Average Total Inventories (Q: Mar. 2021 )
	=	2.918	/	0.7585
	=	3.85

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.

Predictive Technology Group's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	0.7585	/	6.894
	=	0.11

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.

Predictive Technology Group Total Inventories Related Terms

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Predictive Technology Group (Predictive Technology Group) Business Description

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Address

2735 Parleys Way, Suite 205, Salt Lake City, UT, USA, 84109

Website

https://www.predtechgroup.com

Predictive Technology Group Inc (PRx) is a biotechnology company. It develops, commercializes, acquires and invests in technologies engaged in novel molecular diagnostic and therapeutic products in healthcare. The HCT/P segment offers minimally manipulated tissue products intended for homologous use, prepared utilizing proprietary extraction methods that reduce the loss of important scaffolding, growth factors and cytokines. The company's Diagnostics and Therapeutics segment uses data analytics for disease identification and subsequent therapeutic intervention through novel gene-based diagnostics, and companion therapeutics. It generates most of its revenues from HCT/Ps segment.