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


What is Predictive Technology Group Total Inventories?

Predictive Technology Group PREDQ -90.00% Total Inventories is $0.92 Mil as of Mar. 2021.

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  (OTCPK:PREDQ) 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

* 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.

Predictive Technology Group Total Inventories Related Terms

Predictive Technology Group Total Inventories Historical Data

* Premium members only.

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.

Predictive Technology Group Total Inventories Chart

Predictive Technology Group Annual Data
Trend Aug06 Aug07 Jun16 Jun17 Jun18 Jun19 Jun20
Total Inventories
Get a 7-Day Free Trial 0.00 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $0.92 Mil mean?
Predictive Technology Group (PREDQ) has a Total Inventories of $0.92 Mil as of Mar. 2021. The total amount of inventory as recorded on a company's balance sheet. View historical data for Predictive Technology Group and its competitors.
Is Predictive Technology Group's Total Inventories too high?
Predictive Technology Group's current Total Inventories is $0.92 Mil.
How does Predictive Technology Group's Total Inventories compare to GLMD and RCAR?
Predictive Technology Group's Total Inventories of $0.92 Mil can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Total Inventories depends on the Biotechnology 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 Predictive Technology Group and its competitors. Predictive Technology Group's current Total Inventories is $0.92 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Predictive Technology Group stock overvalued right now?
Predictive Technology Group (PREDQ) has a current Total Inventories of $0.92 Mil. The current Total Inventories is $0.92 Mil. 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 Predictive Technology Group (PREDQ), the current Total Inventories is $0.92 Mil as of Mar. 2021. 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.

Predictive Technology Group Business Description

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