Air Methods (Air Methods) Total Inventories : $53 Mil (As of Dec. 2016)

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What is Air Methods Total Inventories?

Air Methods's total inventories for the quarter that ended in Dec. 2016 was $53 Mil. Air Methods's average total inventories from the quarter that ended in Sep. 2016 to the quarter that ended in Dec. 2016 was $54 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Air Methods's Net-Net Working Capital per share for the quarter that ended in Dec. 2016 was $-24.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air Methods's Days Inventory for the three months ended in Dec. 2016 was 26.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Air Methods's Inventory Turnover for the quarter that ended in Dec. 2016 was 3.50.

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. Air Methods's Inventory-to-Revenue for the quarter that ended in Dec. 2016 was 0.18.

Air Methods Total Inventories Historical Data

The historical data trend for Air Methods'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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Air Methods Total Inventories Chart

Air Methods Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Total Inventories

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43.12

53.12

50.71

50.40

53.30

Air Methods Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Total Inventories	Get a 7-Day Free Trial															50.40	53.13	52.57	53.94	53.30

Air Methods 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.

Air Methods (NAS:AIRM) 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.

Air Methods's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2016 is

	Net-Net Working Capital Per Share (Q: Dec. 2016 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.903	+	0.75 * 380.249	+	0.5 * 53.298	-	1216.723
-	0	-	0)	/	36.5215
=	-24.62

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

Air Methods's Days Inventory for the three months ended in Dec. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2016 )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
	=	53.6185	/	187.928	*	365 / 4
	=	26.03

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

Air Methods's Inventory Turnover for the quarter that ended in Dec. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2016 )	/	Average Total Inventories (Q: Dec. 2016 )
	=	187.928	/	53.6185
	=	3.50

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.

Air Methods's Inventory to Revenue for the quarter that ended in Dec. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2016 )	/	Revenue (Q: Dec. 2016 )
	=	53.6185	/	297.473
	=	0.18

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.

Air Methods Total Inventories Related Terms

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Air Methods (Air Methods) Business Description

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Address

Website

http://www.airmethods.com

Air Methods Corp is a Delaware corporation, was established in Colorado in 1982. The Company provides air medical emergency transport services and systems throughout the United States of America. It designs, manufactures, and installs medical aircraft interiors and other aerospace and medical transport products. The Company also provides tourism operations in and around the Grand Canyon and Hawaiian Islands. The Company's operating segments include Air Medical Services, Tourism Division and United Rotorcraft. Air Medical Services provides air medical transportation services to the general population as an independent service and to hospitals or other institutions under exclusive operating agreements. The division operates 380 helicopters and 26 fixed wing aircraft under both Instrument Flight Rules and Visual Flight Rules. Tourism Division provides helicopter tours and charter flights, mainly focusing on Grand Canyon and Hawaiian Island tours. The division operates 48 helicopters under two Part 135 Air Carrier Certificates. United Rotorcraft Division designs, manufactures, and installs aircraft medical interiors and other aerospace and medical transport products for domestic and international customers. The Company maintains patents covering several products, including the Litter Lift System used in the U.S. Army's HH-60M helicopter and Medical Evacuation Vehicle, and the Articulating Patient Loading System and Modular Equipment Frame developed as part of the modular interior concept. The Company competes with several national and regional air medical transportation providers for contracts with hospitals and other healthcare institutions. It also competes with larger aerial tourism operators in the Grand Canyon market and a number of smaller operators in both the Grand Canyon and Hawaiian Island markets. The Company is subject to the Federal Aviation Act of 1958. All of its flight and maintenance operations-including equipment, ground facilities, dispatch, communications, flight training personnel and other matters affecting air safety are regulated and actively supervised by the U.S. Department of Transportation through the FAA. It is also subject to laws, regulations, and standards relating to corporate governance and public disclosure, including the Sarbanes-Oxley Act of 2002, Dodd-Frank Wall Street Reform and Consumer Protection Act, Securities and Exchange Commission (SEC) regulations, NASDAQ Stock Market rules, and other federal and state securities laws.

Executives

Mark D Carleton	director	12300 LIBERTY BLVD., ENGLEWOOD CO 80112
Joseph E Whitters	director
Claire M Gulmi	director
Peter P. Csapo	officer: Chief Financial Officer	ACCRETIVE HEALTH, INC. 401 NORTH MICHIGAN AVENUE, SUITE 2700 CHICAGO IL 60611
Crystal L Gordon	officer: General Counsel and Secretary	945 BUNKER HILL, SUITE 650, HOUSTON TX 77024
David Roehr	director	ONE CABELA DRIVE, SIDNEY NE 69160