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Exactech (Exactech) Total Inventories : $69.9 Mil (As of Sep. 2017)


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What is Exactech Total Inventories?

Exactech's total inventories for the quarter that ended in Sep. 2017 was $69.9 Mil. Exactech's average total inventories from the quarter that ended in Jun. 2017 to the quarter that ended in Sep. 2017 was $68.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Exactech's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was $2.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Exactech's Days Inventory for the three months ended in Sep. 2017 was 343.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Exactech's Inventory Turnover for the quarter that ended in Sep. 2017 was 0.27.

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. Exactech's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 1.12.


Exactech Total Inventories Historical Data

The historical data trend for Exactech'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.

* Premium members only.

Exactech Total Inventories Chart

Exactech Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.70 71.59 72.83 71.43 65.26

Exactech Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77.57 65.26 66.19 67.36 69.89

Exactech 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.


Exactech  (NAS:EXAC) 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.

Exactech's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 is

Net-Net Working Capital Per Share (Q: Sep. 2017 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11.718+0.75 * 56.94+0.5 * 69.885-56.903
-0-0)/14.529
=2.23

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

Exactech's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2017 )/Cost of Goods Sold (Q: Sep. 2017 )*Days in Period
=68.6215/18.232*365 / 4
=343.45

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

Exactech's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2017 ) / Average Total Inventories (Q: Sep. 2017 )
=18.232 / 68.6215
=0.27

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.

Exactech's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2017 ) / Revenue (Q: Sep. 2017 )
=68.6215 / 61.404
=1.12

* 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.


Exactech Total Inventories Related Terms

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Exactech (Exactech) Business Description

Traded in Other Exchanges
N/A
Address
Exactech Inc develops, manufactures, markets, distributes and sells orthopaedic implant devices, related surgical instrumentation and biologic services to hospitals and physicians in the United States and internationally.
Executives
Krusen W Andrew Jr director C/O FLORIDA BANKS INC, 5210 BELFORD ROAD - SUITE 310, JACKSONVILLE FL 32256
James G Binch director C/O MEMRY CORPORATION, 3 BERKSHIRE BOULEVARD, BETHEL CT 06801

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