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iGen Networks (iGen Networks) Total Inventories : $0.03 Mil (As of Sep. 2023)


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What is iGen Networks Total Inventories?

iGen Networks's total inventories for the quarter that ended in Sep. 2023 was $0.03 Mil. iGen Networks's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $0.03 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. iGen Networks's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. iGen Networks's Days Inventory for the three months ended in Sep. 2023 was 179.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. iGen Networks's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.51.

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. iGen Networks's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.70.


iGen Networks Total Inventories Historical Data

The historical data trend for iGen Networks'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.

iGen Networks Total Inventories Chart

iGen Networks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 - 0.02 0.07 0.03

iGen Networks Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.05 0.03 0.03 0.03 0.03

iGen Networks 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.


iGen Networks  (OTCPK:IGEN) 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.

iGen Networks's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

Net-Net Working Capital Per Share (Q: Sep. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0.033-1.455
-0.032-0)/2800.19
=-0.00

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

iGen Networks's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=0.0335/0.017*365 / 4
=179.82

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

iGen Networks's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2023 ) / Average Total Inventories (Q: Sep. 2023 )
=0.017 / 0.0335
=0.51

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.

iGen Networks's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0.0335 / 0.048
=0.70

* 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.


iGen Networks Total Inventories Related Terms

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iGen Networks (iGen Networks) Business Description

Traded in Other Exchanges
N/A
Address
31772 Casino Drive, Suite C, Lake Elsinore, CA, USA, 92530
iGen Networks Corp is engaged in the development and marketing of software services for the automotive industry. It has one reportable segment being Vehicle Tracking and Recovery Solutions. The company works with wireless carriers, hardware suppliers and software developers to provide direct and secure access to information on the vehicle and the driver's behavior. The software services are delivered from the AWS Cloud to the consumer and their families over the wireless networks and accessed from any mobile or desktop device. The software services are marketed to automotive dealers, financial institutions, and direct-to-consumer through various commercial and consumer brands. The company's brands include Nimbo Tracking, CU Trak, and Medallion GPS PRO.
Executives
Neil Gene Chan director, officer: CEO 1075 ST. DAVID STREET, VICTORIA A1 V8S 4Y7
Robert G Friedman director, 10 percent owner 510 EAST 80 STREET, NEW YORK NY 10075
Sierra Abel Israel Sr officer: VP/GM 28375 ROSTRATA AVE, LAKE ELSINORE CA 92532
Robert Nealon director 119 NORTH HENRY STREET, ALEXANDRIA VA 22314
Richard Allan Freeman director, officer: COO 361 WEST 20TH AVE, VANCOUVER A1 V5Y 2C5
Richard Gilbertson director, officer: Chief Financial Officer 408 WEST PALM AIRE DRIVE, POMPANO BEACH FL 33069
Chris Shade director 84283 - 5512 4TH STREET NW, CALGARY A0 T2K 1A9
Monty Ormsby director, officer: President 5605 INDIGO BAY WAY, LAS VEGAS NV 89131
Michael Grudman director, officer: CFO 104 - 838 W16TH AVE, VANCOUVER A1 V5Z 1T1