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Navient Corporation  (NYSE:ISM) Total Inventories: \$0.00 Mil (As of . 20)

Navient Corporation's total inventories for the quarter that ended in . 20 was \$0.00 Mil. Navient Corporation's average total inventories from the quarter that ended in . 20 to the quarter that ended in . 20 was \$0.00 Mil.

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value. Navient Corporation's liquidation value for the quarter that ended in . 20 was \$0.00 Mil.

Inventory can be measured by days sales of inventory (DSI).

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

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

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.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Navient Corporation Annual Data

 Total Inventories

Navient Corporation Semi-Annual Data

 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.

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 liquidation value, inventory is only considered worth half of its book value.

Navient Corporation's liquidation value for the quarter that ended in . 20 is

 Liquidation value (Q: . 20 ) = Cash, Cash Equivalents, Marketable Securities - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = - + 0.75 * + 0.5 * = 0.00

2. Inventory can be measured by Days Sales of Inventory (DSI).

Navient Corporation's Days Sales of Inventory for the six months ended in . 20 is

 Days Sales of Inventory (DSI) = Total Inventories (Q: . 20 ) / Revenue (Q: . 20 ) * Days in Period = 0 / * 365 / 2 =

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

Navient Corporation's Days Inventory for the six months ended in . 20 is calculated as:

 Days Inventory = Total Inventories (Q: . 20 ) / Cost of Goods Sold (Q: . 20 ) * Days in Period = 0 / * 365 / 2 =

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

Navient Corporation's Inventory Turnover for the quarter that ended in . 20 is calculated as

 Inventory Turnover = Cost of Goods Sold (Q: . 20 ) / Total Inventories (Q: . 20 ) = / 0 = N/A

5. 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.

Navient Corporation's Inventory to Revenue for the quarter that ended in . 20 is calculated as

 Inventory-to-Revenue = Total Inventories (Q: . 20 ) / Revenue (Q: . 20 ) = 0 / =

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Related Terms