Cardinal Health (Cardinal Health) Total Inventories

: $18,451 Mil (As of Dec. 2023)

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Cardinal Health's total inventories for the quarter that ended in Dec. 2023 was $18,451 Mil. Cardinal Health's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $17,719 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cardinal Health's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-112.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cardinal Health's Days Inventory for the three months ended in Dec. 2023 was 29.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cardinal Health's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.14.

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. Cardinal Health's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Cardinal Health Total Inventories Historical Data

The historical data trend for Cardinal Health'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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Cardinal Health Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

12,822.00

13,198.00

14,594.00

15,636.00

15,940.00

Cardinal Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																17,263.00	16,620.00	15,940.00	16,987.00	18,451.00

Cardinal Health 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.

Cardinal Health (NYSE:CAH) 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.

Cardinal Health'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)
=	(4591	+	0.75 * 11788	+	0.5 * 18451	-	50020
-	0	-	2)	/	243.468
=	-112.39

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

Cardinal Health'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
	=	17719	/	55599	*	365 / 4
	=	29.08

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

Cardinal Health'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 )
	=	55599	/	17719
	=	3.14

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.

Cardinal Health'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 )
	=	17719	/	57445
	=	0.31

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.

Cardinal Health Total Inventories Related Terms

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Cardinal Health (Cardinal Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Cardinal Health Inc (NYSE:CAH) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

CAH:Mexico CLH:Germany CLH:Germany C1AH34:Brazil CAH:Argentina

Address

7000 Cardinal Place, Dublin, OH, USA, 43017

Website

https://www.cardinalhealth.com

Cardinal Health is one of three leading pharmaceutical wholesalers in the U.S., engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and McKesson, the three comprise well over 90% of the U.S. pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.

Executives

Deborah Weitzman	officer: CEO, Pharmaceutical Segment	600 WEST 22ND STREET, SUITE 300, OAK BROOK IL 60523
Mary C. Scherer	officer: Chief Accounting Officer	6026 LUDWIG STREET, POWELL OH 43065
Ola M Snow	officer: Chief Human Resources Officer	7000 CARDINAL PLACE, DUBLIN OH 43017
Stephen M Mason	officer: CEO, Medical Segment	7000 CARDINAL PLACE, DUBLIN OH 43017
Jessica L Mayer	officer: Chief Legal/Compliance Officer	7000 CARDINAL PLACE, DUBLIN OH 43017
Michelle D. Greene	officer: Chief Information Officer	1141 N. OLD WORLD 3RD STREET, UNIT # 2414, MILWAUKEE WI 53203
Aaron E Alt	officer: Chief Financial Officer	3001 COLORADO BLVD., DENTON TX 76210
Michelle Brennan	director	1855 S. GRANT STREET, SAN MATEO CA 94402
Sujatha Chandrasekaran	director	77 HOT METAL STREET, PITTSBURGH PA 15203
Christine Mundkur	director
Steven Barg	director	ELLIOTT MANAGEMENT CORPORATION, 40 WEST 57TH STREET, NEW YORK NY 10019
Patricia M English	officer: Chief Accounting Officer	7000 CARDINAL PLACE, DUBLIN OH 43017
Sheri H. Edison	director	1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006
Jason M. Hollar	officer: Chief Financial Officer	3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179
John H Weiland	director	C/O C.R BARD INC, 730 CENTRAL AVE, MURRAY HILL NJ 07974