Heritage Global (XCNQ:HGP) Total Inventories : C$6.81 Mil (As of Dec. 2023)

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What is Heritage Global Total Inventories?

Heritage Global's total inventories for the quarter that ended in Dec. 2023 was C$6.81 Mil. Heritage Global's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was C$6.41 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Heritage Global's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.27.

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 three months ended in Dec. 2023 was 31.22.

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 2.92.

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 Total Inventories Historical Data

The historical data trend for Heritage Global'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.

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Heritage Global Total Inventories Chart

Heritage Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.14

0.30

4.12

6.28

6.81

Heritage Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															6.28	4.78	6.71	6.02	6.81

Heritage Global 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.

Heritage Global (XCNQ:HGP) 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.

Heritage Global's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(16.474	+	0.75 * 2.562	+	0.5 * 6.807	-	29.633
-	0.008	-	0)	/	29.4215
=	-0.27

2. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	6.4115	/	18.738	*	365 / 4
	=	31.22

3. 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 (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	18.738	/	6.4115
	=	2.92

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6.4115	/	20.505
	=	0.31

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.

Heritage Global Total Inventories Related Terms

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Heritage Global (XCNQ:HGP) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (XCNQ:HGP) » Definitions » Total Inventories

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HGBL:USA 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.

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