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OraSure Technologies's total inventories for the quarter that ended in Dec. 2023 was $47.6 Mil. OraSure Technologies's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $53.4 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. OraSure Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.97.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OraSure Technologies's Days Inventory for the three months ended in Dec. 2023 was 119.65.
Inventory Turnover measures how fast the company turns over its inventory within a year. OraSure Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.76.
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. OraSure Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.70.
The historical data trend for OraSure Technologies'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.
OraSure Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 23.16 | 31.86 | 53.14 | 95.70 | 47.61 |
OraSure Technologies 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 | 95.70 | 77.19 | 73.28 | 59.26 | 47.61 |
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.
OraSure Technologies (NAS:OSUR) 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.
OraSure Technologies'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) | ||
= | (290.407 | + | 0.75 * 40.171 | + | 0.5 * 47.614 | - | 52.174 |
- | 0 | - | 0) | / | 73.528 | ||
= | 3.97 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
OraSure Technologies'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 |
= | 53.439 | / | 40.755 | * | 365 / 4 | |
= | 119.65 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
OraSure Technologies'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 ) |
= | 40.755 | / | 53.439 | |
= | 0.76 |
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.
OraSure Technologies'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 ) |
= | 53.439 | / | 75.881 | |
= | 0.70 |
* 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.
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.
Thank you for viewing the detailed overview of OraSure Technologies's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Kathleen Gallagher Weber | officer: Chief Product Officer | 220 EAST FIRST STREET, BETHLEHEM PA 18017 |
Michele Marie Miller | officer: VP, Finance and Controller | 220 EAST FIRST STREET, BETHLEHEM PA 18017 |
Robert W. Mcmahon | director | 250 CAMPUS DRIVE, MARLBOROUGH MA 01752 |
Kenneth J Mcgrath | officer: Chief Financial Officer | C/O ORASURE TECHNOLOGIES, INC., 220 E. FIRST STREET, BETHLEHEM PA 18015 |
Ronny B Lancaster | director | ORASURE TECHNOLOGIES INC, 220 EAST FIRST STREET, BETHLEHEM PA 18015 |
Mara G. Aspinall | director | 7381 NORTH MOON SPIRIT LANE, TUCSON AZ 85718 |
Nancy J Gagliano | director | 33 GRANITE WAY, GRANTHAM NH 03753 |
Michael Celano | director | 220 EAST FIRST STREET, BETHLEHEM PA 18015 |
Manner Carrie Eglinton | director, officer: President & CEO | C/O QUEST DIAGNOSTICS, 500 PLAZA DRIVE, SECAUCUS NJ 07094 |
Scott Gleason | officer: Interim CFO/SVP IR | 1809 SOUTH 2500 EAST, SALT LAKE CITY UT 84108 |
Eamonn P Hobbs | director | C/O DELCATH SYSTEMS, INC., 600 FIFTH AVENUE, NEW YORK NY 10020 |
Anne Clem Whitaker | director | 109 BRIERY BRANCH COURT, MORRISVILLE NC 27560 |
James A Datin | director | 21 ESTATES DRIVE, DOYLESTOWN PA 18901 |
Lelio Marmora | director | 64 RUE DE VESENEX, DIVONNE LES BAINS I0 01220 |
Lisa Nibauer | officer: President of Diagnostics | 1 CRESENT PLACE, SHORT HILLS NJ 07078 |
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