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MIND Technology's total inventories for the quarter that ended in Jan. 2024 was $13.37 Mil. MIND Technology's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $13.32 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. MIND Technology's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-22.57.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MIND Technology's Days Inventory for the three months ended in Jan. 2024 was 170.26.
Inventory Turnover measures how fast the company turns over its inventory within a year. MIND Technology's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.54.
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. MIND Technology's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.00.
The historical data trend for MIND Technology'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.
MIND Technology Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 12.66 | 11.45 | 14.01 | 11.03 | 13.37 |
MIND Technology Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Total Inventories | Get a 7-Day Free Trial | 11.03 | 14.34 | 15.65 | 13.26 | 13.37 |
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.
MIND Technology (NAS:MIND) 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.
MIND Technology's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is
Net-Net Working Capital Per Share (Q: Jan. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (5.289 | + | 0.75 * 6.566 | + | 0.5 * 13.371 | - | 10.85 |
- | 37.779 | - | 0) | / | 1.40578 | ||
= | -22.57 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MIND Technology's Days Inventory for the three months ended in Jan. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jan. 2024 ) | / | Cost of Goods Sold (Q: Jan. 2024 ) | * | Days in Period |
= | 13.317 | / | 7.137 | * | 365 / 4 | |
= | 170.26 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
MIND Technology's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jan. 2024 ) | / | Average Total Inventories (Q: Jan. 2024 ) |
= | 7.137 | / | 13.317 | |
= | 0.54 |
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.
MIND Technology's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jan. 2024 ) | / | Revenue (Q: Jan. 2024 ) |
= | 13.317 | / | 13.378 | |
= | 1.00 |
* 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.
Thank you for viewing the detailed overview of MIND Technology's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter H Blum | director | 999 18TH STREET, STE 1700, DENVER CO 80202 |
Alan Perry Baden | director | 2635 SUTTON COURT, HOUSTON TX 77027 |
Nancy Jean Harned | director | 2704 CHESTER FOREST COURT, VIRGINIA BEACH VA 23452 |
Thomas S Glanville | director | 2818 N SULLIVAN ROAD, SPOLANE WA 99216 |
Mark Alan Cox | officer: Principal Accounting Officer | 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010 |
Guy Malden | officer: Co-CEO and EVP | P O BOX 1175, HUNTSVILLE TX 77342 |
Marcus C Rowland | director | 920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024 |
Robert John Albers | director | 2171 LOMA LINDA DRIVE, PAGOSA SPRINGS CO 81147 |
Robert P Capps | director, officer: Co-CEO and CFO | |
Dennis Patrick Morris | officer: Chief Operating Officer | 7026 TEAL LOOP, GIG HARBOR WA 98335 |
William Hunter Hilarides | director | 10710 OX CROFT CT., FAIRFAX STATION VA 22039 |
Midwood Capital Management Llc | 10 percent owner | 575 BOYLSON ST., 4TH FLOOR, BOSTON MA 02116 |
Paul Guy Rogers | officer: VP - Business Development | |
John F Schwalbe | director | |
R Dean Lewis | director |
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