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Asure Software's total inventories for the quarter that ended in Dec. 2023 was $0.2 Mil. Asure Software's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.1 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Asure Software's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-8.45.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asure Software's Days Inventory for the three months ended in Dec. 2023 was 1.34.
Inventory Turnover measures how fast the company turns over its inventory within a year. Asure Software's Inventory Turnover for the quarter that ended in Dec. 2023 was 67.94.
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. Asure Software's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.
The historical data trend for Asure Software'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.
Asure Software Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 0.66 | 0.45 | 0.25 | 0.25 | 0.16 |
Asure Software 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 | 0.25 | 0.22 | 0.13 | 0.09 | 0.16 |
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.
Asure Software (NAS:ASUR) 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.
Asure Software'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) | ||
= | (30.317 | + | 0.75 * 14.202 | + | 0.5 * 0.155 | - | 252.213 |
- | 0 | - | 0) | / | 24.998 | ||
= | -8.45 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Asure Software'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 |
= | 0.124 | / | 8.425 | * | 365 / 4 | |
= | 1.34 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Asure Software'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 ) |
= | 8.425 | / | 0.124 | |
= | 67.94 |
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.
Asure Software'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 ) |
= | 0.124 | / | 26.264 | |
= | 0.00 |
* 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 Asure Software's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Patrick Goepel | director, officer: Chief Executive Officer | 7050 WINNETKA AVE N, SUITE 100, BROOKLYN PARK MN 55428 |
Eyal Goldstein | officer: Chief Revenue Officer | 18154 SWEET ELM DRIVE, ENCINO CA 91316 |
Bradford Scovill Oberwager | director | 340 S. LEMON AVE. #5445, WALNUT CA 91789 |
Bjorn Reynolds | director | 108 WILD BASIN RD. S., SUITE 200, AUSTIN TX 78746 |
Ben F Allen | director | C/O ASURE SOFTWARE, INC., 3700 N. CAPITAL OF TEXAS HWY. #350, AUSTIN TX 78746 |
Grace G. Lee | director | C/O CUBIC CORPORATION, 9333 BALBOA AVENUE, SAN DIEGO CA 92123 |
William Carl Drew | director | 3700 N CAPITAL OF TEXAS HWY, SUITE 350, AUSTIN TX 78746 |
John F Pence | officer: Chief Financial Officer | C/O ASURE SOFTWARE, INC., 3700 N. CAPITAL OF TEXAS HWY. #350, AUSTIN TX 78746 |
James Powers | officer: Chief Financial Officer | 2128 W. BRAKER LANE, BK12, AUSTIN TX 78758 |
Red Oak Partners, Llc | director | 95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432 |
Daniel M Gill | director | 1560 SHERMAN AVENUE, SUITE 1200, EVANSTON IL 60201 |
Kelyn Brannon | officer: Chief Financial Officer | 300 E. RIVERSIDE DRIVE, APT. 527, AUSTIN TX 78704 |
Lathrop Charles W Jr | director | 3700 N CAPITAL OF TEXAS HWY, #350, AUSTIN TX 78746 |
John Randall Waterfield | director | 140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005 |
David Sandberg | director | 40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432 |
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