Elevate Credit (Elevate Credit) Total Inventories : $0.0 Mil (As of Sep. 2022)

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What is Elevate Credit Total Inventories?

Elevate Credit's total inventories for the quarter that ended in Sep. 2022 was $0.0 Mil. Elevate Credit's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Sep. 2022 was $0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Elevate Credit's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-17.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elevate Credit's Days Inventory for the three months ended in Sep. 2022 was 0.00.

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. Elevate Credit's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.00.

Elevate Credit Total Inventories Historical Data

The historical data trend for Elevate Credit'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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Elevate Credit Total Inventories Chart

Elevate Credit Annual Data

Trend

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Total Inventories

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Elevate Credit Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Elevate Credit 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.

Elevate Credit (NYSE:ELVT) 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.

Elevate Credit's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 is

	Net-Net Working Capital Per Share (Q: Sep. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(72.599	+	0.75 * 0	+	0.5 * 0	-	620.057
-	0	-	0)	/	31.218
=	-17.54

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

Elevate Credit's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	0	/	81.757	*	365 / 4
	=	0.00

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

Elevate Credit's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2022 )	/	Average Total Inventories (Q: Sep. 2022 )
	=	81.757	/	0
	=	N/A

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.

Elevate Credit's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	0	/	125.617
	=	0.00

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.

Elevate Credit Total Inventories Related Terms

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Elevate Credit (Elevate Credit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Elevate Credit Inc (NYSE:ELVT) » Definitions » Total Inventories

Comparable Companies

NICK JT BWMY AHG NISN YRD FIGI LMFA PT XYF V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

4150 International Plaza, Suite 300, Fort Worth, TX, USA, 76109

Website

https://www.elevate.com

Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable segment, which provides online financial services for subprime credit consumers, which is composed of the company's operations in the United States.

Executives

Bradley R. Strock	director	C/O ELEVATE CREDIT, INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORT WORTH TX 76109
Christopher Lutes	officer: Chief Financial Officer	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Steven Austin Trussell	officer: Chief Financial Officer	4150 INTERNATIONAL PKWY, STE 300, FT. WORTH TX 76109
David Curry Peterson	officer: Chief Credit Officer	C/O ELEVATE CREDIT, 4150 INTERNATIONAL PLAZA, STE 300, FORT WORTH TX 76109
Scott Greever	director, officer: Managing Director, UK	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Jason Harvison	director, officer: Chief Operating Officer	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Jesse K Bray	director	8950 CYPRESS WATERS BOULEVARD, COPPELL TX 75019
Rodriquez Manuel Sanchez	director	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Michael T. Pugh	director	CARVER BANCORP, INC., 75 WEST 125TH STREET, NEW YORK NY 10027
Head Tyler W. K.	director	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Linda Stinson	10 percent owner	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Tcv Management 2004 Llc	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301
Tcv Member Fund, L.p.	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301
Technology Crossover Management V Llc	10 percent owner, other: May be part of a 13(g) group	C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Tcv V Lp	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301