National Healthcare (National Healthcare) Total Inventories

: $7 Mil (As of Dec. 2023)

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National Healthcare's total inventories for the quarter that ended in Dec. 2023 was $7 Mil. National Healthcare's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. National Healthcare's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-6.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Healthcare's Days Inventory for the three months ended in Dec. 2023 was 3.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. National Healthcare's Inventory Turnover for the quarter that ended in Dec. 2023 was 25.28.

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. National Healthcare's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

National Healthcare Total Inventories Historical Data

The historical data trend for National Healthcare'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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National Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

7.44

8.78

8.58

7.09

7.39

National Healthcare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																7.09	6.95	7.00	7.37	7.39

National Healthcare 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.

National Healthcare (AMEX:NHC) 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.

National Healthcare'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)
=	(223.62	+	0.75 * 108.545	+	0.5 * 7.386	-	400.316
-	0	-	1.728)	/	15.3507
=	-6.08

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

National Healthcare'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
	=	7.3795	/	186.562	*	365 / 4
	=	3.61

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

National Healthcare'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 )
	=	186.562	/	7.3795
	=	25.28

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.

National Healthcare'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 )
	=	7.3795	/	300.914
	=	0.02

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.

National Healthcare Total Inventories Related Terms

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National Healthcare (National Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » National Healthcare Corp (AMEX:NHC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 East Vine Street, Murfreesboro, TN, USA, 37130

Website

https://www.nhccare.com

National Healthcare Corp Provides long-term care facilities. Its principal business includes the operation of skilled nursing facilities, assisted living facilities, independent living facilities, and home care programs. The company's activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer's care, senior living services, and home health care services. In addition, the company also provides management services, accounting, and financial services, as well as insurance services to third-party operators of healthcare facilities. Its reportable segments include Inpatient services, and Home care hospice services. Generating, a majority of its revenue from Inpatient services.

Executives

Emil E Hassan	director
Robert G Adams	director, officer: Sr. Vice President & COO	P.O. BOX 1398, MURFREESBORO TN 37133-1398
James Paul Abernathy	director	2102 GREENLAND DRIVE, MURFREESBORO TN 37130
W Andrew Adams	director, officer: CEO	P.O. BOX 1398, MURFREESBORO TN 37133-1398
Laroche Richard F Jr	director	P.O. BOX 1398, MURFREESBORO TN 37133-1398
Burgess Ernest G Iii	director	P.O. BOX 1398, MURFREESBORO TN 37133-1398
Sandra Y. Trail	director	100 VINE STREET, MURFREESBORO TN 37130
Robert Michael Ussery	officer: Senior V.P., Operations	100 VINE STREET, SUITE 1400, P. O. BOX 1398, MURFREESBORO TN 37130
Vicki L Dodson	officer: Sr.VP Patient Srvcs & CNO	100 VINE STREET, MURFREESBORO TN 37130
Josh A Mccreary	officer: Senior VP & General Counsel	100 VINE STREET, MURFREESBORO TN 37130
John K Lines	officer: Senior V.P. & General Counsel	601 S. HARBOUR ISLAND BLVD., SUITE 220, TAMPA FL 33602
Jeffrey Russell Smith	officer: SVP & Treasurer	100 VINE ST., MURFREESBORO TN 37130
Mcintosh Leroy E. Jr.	officer: SVP, Ancillary Services	100 VINE STREET, MURFREESBORO TN 37130
Julia W Powell	officer: Sr. V.P., Patient Services	3712 LASCASSAS PIKE, MURFREESBORO TN 37130
Flatt Ben Anderson Sr	officer: Senior VP & CIO	100 VINE STREET, MURFREESBORO TN 37130