CareView Communications (CareView Communications) Total Inventories : $0.29 Mil (As of Dec. 2023)

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What is CareView Communications Total Inventories?

CareView Communications's total inventories for the quarter that ended in Dec. 2023 was $0.29 Mil. CareView Communications's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.26 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CareView Communications's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CareView Communications's Days Inventory for the three months ended in Dec. 2023 was 30.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. CareView Communications's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.98.

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. CareView Communications's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

CareView Communications Total Inventories Historical Data

The historical data trend for CareView Communications'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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CareView Communications Total Inventories Chart

CareView Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.41

0.35

0.30

0.29

CareView Communications 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															0.30	0.29	0.15	0.23	0.29

CareView Communications 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.

CareView Communications (OTCPK:CRVW) 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.

CareView Communications'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)
=	(1.146	+	0.75 * 1.168	+	0.5 * 0.294	-	40.525
-	0	-	0)	/	583.881
=	-0.07

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

CareView Communications'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
	=	0.2635	/	0.785	*	365 / 4
	=	30.63

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

CareView Communications'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 )
	=	0.785	/	0.2635
	=	2.98

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.

CareView Communications'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 )
	=	0.2635	/	1.767
	=	0.15

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.

CareView Communications Total Inventories Related Terms

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CareView Communications (CareView Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareView Communications Inc (OTCPK:CRVW) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

405 State Highway 121 Bypass, Suite B-240, Lewisville, TX, USA, 75067

Website

https://www.care-view.com

CareView Communications Inc is a United States-based company engaged in providing products and on-demand application services for the healthcare industry, specializing in bedside video monitoring, software tools to improve hospital communications and operations, and patient education and entertainment packages. It has developed a data network system called CareView System, which is a suite of video monitoring, guest services, and related applications that connect patients, families, and healthcare providers. The company also provides services to increase patient satisfaction scores and enhance the overall image of the hospital, including on-demand movies and video visits.

Executives

James R Higgins	director	405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
L. Allen Wheeler	director, 10 percent owner	515 GILL FARRELL, DURANT OK 74701
Stephen G Johnson	director, 10 percent owner, officer: President and COO	804 TREE HAVEN CT., HIGHLAND VILLAGE TX 75077
Steven B Epstein	director
Jon E Freeman	officer: Chief Financial Officer	405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
David Richard White	director	405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Jason T Thompson	director	405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Sandra K Mcree	officer: COO	405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Anthony P Piccin	officer: Chief Financial Officer	3704 EVERTON DRIVE, FLOWER MOUND TX 75022
Gerald L Murphy	director	PO BOX 4696, TULSA OK 74159
Jeffrey C Lightcap	director, 10 percent owner	152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Lp	director, 10 percent owner	152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Fund Lp	director, 10 percent owner	Carnegie Hall Tower, 152 West 57th Street, 47th Floor, New York NY 10019
Healthcor Partners Management Gp, Llc	director, 10 percent owner	152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Management Lp	director, 10 percent owner	701 EAST BAY STREET, SUITE 516, CHARLESTON SC 29403

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