Shift4 Payments (NYSE:FOUR) Total Inventories

: $5 Mil (As of Dec. 2022)

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Shift4 Payments's total inventories for the quarter that ended in Dec. 2022 was $5 Mil. Shift4 Payments's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Dec. 2022 was $5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shift4 Payments's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-22.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shift4 Payments's Days Inventory for the three months ended in Dec. 2022 was 1.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shift4 Payments's Inventory Turnover for the quarter that ended in Dec. 2022 was 73.57.

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. Shift4 Payments's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.01.

Shift4 Payments Total Inventories Historical Data

The historical data trend for Shift4 Payments'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.

Shift4 Payments Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

5.10

8.50

1.50

3.50

4.80

Shift4 Payments Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Total Inventories													3.50	2.90	2.30	5.90	4.80

Shift4 Payments 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.

Shift4 Payments (NYSE:FOUR) 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.

Shift4 Payments's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is

	Net-Net Working Capital Per Share (Q: Dec. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(776.5	+	0.75 * 195	+	0.5 * 4.8	-	2073.4
-	0	-	133.3)	/	57.043
=	-22.47

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

Shift4 Payments's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	5.35	/	393.6	*	365 / 4
	=	1.24

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

Shift4 Payments's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2022 )	/	Average Total Inventories (Q: Dec. 2022 )
	=	393.6	/	5.35
	=	73.57

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.

Shift4 Payments's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	5.35	/	537.7
	=	0.01

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.

Shift4 Payments Total Inventories Related Terms

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Shift4 Payments (NYSE:FOUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shift4 Payments Inc (NYSE:FOUR) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

2202 North Irving Street, Allentown, PA, USA, 18109

Website

https://www.shift4.com

Shift4 Payments Inc is provider of integrated payment processing and technology solutions. The company offers software providers a single integration to an end-to-end payments offering, a powerful gateway and a robust suite of technology solutions (including cloud enablement, business intelligence, analytics, and mobile) to enhance the value of their software suites and simplify payment acceptance. The Shift4 Model is built to serve a range of merchants from small-to-medium-sized businesses to large and complex enterprises across numerous verticals, including lodging, leisure, and food and beverage.

Executives

Sam Bakhshandehpour	director	THE NEW HOME COMPANY, 95 ENTERPRISE, SUITE 325, ALISO VIEJO CA 92656
Karen Roter Davis	director	C/O SHIFT4 PAYMENTS, INC., 2202 N. IRVING ST, ALLENTOWN PA 18109
Searchlight Ii Gwn Gp, Llc	10 percent owner	C/O SEARCHLIGHT CAPITAL PARTNERS, L.P.., 745 FIFTH AVENUE, 27TH FLOOR, NEW YORK NY 10151
Jordan Frankel	officer: GC & Corporate Secretary	C/O SHIFT4 PAYMENTS, INC., 2202 N. IRVING STREET, ALLENTOWN PA 18109
Jonathan S Halkyard	director	DAVE & BUSTER'S ENTERTAINMENT, INC., 2481 MANANA DRIVE, DALLAS TX 75220
Christopher Nestor Cruz	director	C/O SHIFT4 PAYMENTS, INC., 2202 N. IRVING STREET, ALLENTOWN PA 16109
Bradley Herring	officer: CFO	C/O SHIFT4 PAYMENTS, INC., 2202 N. IRVING STREET, ALLENTOWN PA 16109
Sarah Goldsmith-grover	director	C/O SHIFT4 PAYMENTS, INC., 2202 N. IRVING STREET, ALLENTOWN PA 18109
Steven M. Sommers	officer: Chief Application Architect	C/O SHIFT4 PAYMENTS, INC., 2202 N. IRVING STREET, ALLENTOWN PA 18109
David Taylor Lauber	officer: Chief Strategy Officer	C/O SHIFT4 PAYMENTS, INC., 2202 N. IRVING STREET, ALLENTOWN PA 18109
Kevin J. Cronic	officer: Chief System Architect	C/O SHIFT4 PAYMENTS, INC., 2202 N. IRVING STREET, ALLENTOWN PA 18109
Andrew Frey	director	10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Donald Isaacman	director	C/O SHIFT4 PAYMENTS, INC., 2202 N. IRVING STREET, ALLENTOWN PA 18109
Nancy Disman	director	57 ROUND TREE DRIVE, MELVILLE NY 11747
Jared Isaacman	director, 10 percent owner, officer: Chairman & CEO	C/O SHIFT4 PAYMENTS, INC., 2202 N. IRVING STREET, ALLENTOWN PA 18109