Oventus Medical (ASX:OVN) Total Inventories : A$0.13 Mil (As of Dec. 2021)

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What is Oventus Medical Total Inventories?

Oventus Medical's total inventories for the quarter that ended in Dec. 2021 was A$0.13 Mil. Oventus Medical's average total inventories from the quarter that ended in Jun. 2021 to the quarter that ended in Dec. 2021 was A$0.12 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Oventus Medical's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was A$0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oventus Medical's Days Inventory for the six months ended in Dec. 2021 was 79.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oventus Medical's Inventory Turnover for the quarter that ended in Dec. 2021 was 2.29.

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. Oventus Medical's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.21.

Oventus Medical Total Inventories Historical Data

The historical data trend for Oventus Medical'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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Oventus Medical Total Inventories Chart

Oventus Medical Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Total Inventories

0.09

0.06

0.10

Oventus Medical Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Total Inventories	Get a 7-Day Free Trial						0.11	0.06	0.09	0.10	0.13

Oventus Medical 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.

Oventus Medical (ASX:OVN) 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.

Oventus Medical's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 is

	Net-Net Working Capital Per Share (Q: Dec. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.349	+	0.75 * 0.175	+	0.5 * 0.127	-	1.873
-	0	-	0)	/	241.727
=	0.01

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

Oventus Medical's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	0.1155	/	0.264	*	365 / 2
	=	79.84

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

Oventus Medical's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2021 )	/	Average Total Inventories (Q: Dec. 2021 )
	=	0.264	/	0.1155
	=	2.29

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.

Oventus Medical's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	0.1155	/	0.554
	=	0.21

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.

Oventus Medical Total Inventories Related Terms

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Oventus Medical (ASX:OVN) Business Description

Industry

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Address

1 Swann Road, Suite 1, PO Box 190, Indooroopilly, Brisbane, QLD, AUS, 4068

Website

https://www.o2vent.com

Oventus Medical Ltd is a medical device company. It is engaged in developing an oral appliance for the treatment of sleep apnoea and snoring. Its product includes O2Vent Optima . It offers oral appliance therapy, especially beneficial for the many people that suffer from nasal congestion, obstruction, and mouth breathing. The firm has two operating segments: Australia and North America.

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