Micron Solutions's total inventories for the quarter that ended in Mar. 2023 was $3.39 Mil. Micron Solutions's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Mar. 2023 was $3.29 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Micron Solutions's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-1.08.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Micron Solutions's Days Inventory for the
three
months ended in Mar. 2023 was 61.90.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Micron Solutions's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.47.
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.
Micron Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.64.
Micron Solutions Total Inventories Historical Data
The historical data trend for Micron Solutions'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.
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.
Micron Solutions (OTCPK:MICRD) 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.
Micron Solutions's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 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.
Micron Solutions's Inventory to Revenue for the quarter that ended in Mar. 2023 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.
Micron Solutions Total Inventories Related Terms
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Micron Solutions (Micron Solutions) Business Description
Micron Solutions Inc is a diversified contract manufacturing organization that produces engineered medical device components requiring precision machining and injection molding. It provides design, engineering, quality, and regulatory expertise across the three product lines, machining, thermoplastic injection molding, and sensors. It's engaged in the production and sale of silver chloride-coated and conductive resin sensors used as consumable component parts in the manufacture of integrated disposable electrophysiological sensors. It also provides other value-added services, including the design, manufacture, and rehabilitation of injection molding tools, pad printing, ultrasonic welding, stamping, laser marking, clean room molding, and others.
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