Heritage Global (Heritage Global) Change In Inventory : $-0.46 Mil (TTM As of Dec. 2023)

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What is Heritage Global Change In Inventory?

Heritage Global's change in inventory for the quarter that ended in Dec. 2023 was $-0.63 Mil. It means Heritage Global's inventory increased by $0.63 Mil from Sep. 2023 to Dec. 2023 .

Heritage Global's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.46 Mil. It means Heritage Global's inventory increased by $0.46 Mil from Dec. 2022 to Dec. 2023 .

Heritage Global's Total Inventories for the quarter that ended in Dec. 2023 was $5.07 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heritage Global's Days Inventory for the quarter that ended in Dec. 2023 was 32.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heritage Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.81.

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. Heritage Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Heritage Global Change In Inventory Historical Data

The historical data trend for Heritage Global's Change In Inventory 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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Heritage Global Change In Inventory Chart

Heritage Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.30

-0.13

-2.49

-1.40

-0.46

Heritage Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															0.20	1.13	-1.56	0.60	-0.63

Heritage Global Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.46 Mil.

Heritage Global (NAS:HGBL) Change In Inventory Explanation

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

Heritage Global's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.76	/	13.39	*	365 / 4
	=	32.44

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

Heritage Global's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.39	/	4.76
	=	2.81

3. 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.

Heritage Global's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.76	/	15.284
	=	0.31

Heritage Global Change In Inventory Related Terms

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Heritage Global (Heritage Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (NAS:HGBL) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

LGC:Germany

Address

12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130

Website

https://www.hginc.com

Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.

Executives

Nicholas Kirk Dove	officer: President, Industrial Assets	12509 EL CAMINO REAL, UNIT B, SAN DIEGO CA 92130
Samuel L Shimer	director	C/O HERITAGE GLOBAL INC., 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Ross Dove	officer: President of Subsidiary	330 HATCH DRIVE, FOSTER CITY CA 94404
David Van Ludwig	officer: President of subsidiary	10 SUNSET HILLS PROFESSIONAL CENTRE, EDWARDSVILLE IL 62025
Michael Hexner	director	200 BRANNAN STREET, #332, SAN FRANCISCO CA 94107
Topline Capital Partners, Lp	10 percent owner	544 EUCLID STREET, SANTA MONICA CA 90402
Topline Capital Management, Llc	other: See Explanation in Footnotes	544 EUCLID STREET, SANTA MONICA CA 90402
William L Burnham	director	INDUCTIVE CAPITAL LP, 9855 DOUBLE R BLVD, STE 125, RENO NV 89521
James Edward Sklar	officer: EVP, Gen. Counsel & Secretary	31500 NORTHWESTERN HWY., SUITE 105, FARMINGTON HILLS MI 48334
Kelly S Sharpe	director	5094 NORTHLAWN DR., SAN JOSE CA 95130
Barbara A Sinsley	director	2502 KENNETH ST., MARRIETA GA 30066
Shirley Cho	director	12227 VALLEYHEART DRIVE, STUDIO CITY CA 91604
Brian J. Cobb	officer: VP of Finance and Controller	12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Allan C Silber	officer: President	C/O COUNSEL CORPORATION, 700 - 1 TORONTO ST., TORONTO A6 M5C 2V6
Mcbirney Collin	other: See Explanation in Footnotes	544 EUCLID STREET, SANTA MONICA CA 90402