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VeriFone Systems (VeriFone Systems) Total Inventories : $124 Mil (As of Apr. 2018)


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What is VeriFone Systems Total Inventories?

VeriFone Systems's total inventories for the quarter that ended in Apr. 2018 was $124 Mil. VeriFone Systems's average total inventories from the quarter that ended in Jan. 2018 to the quarter that ended in Apr. 2018 was $126 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. VeriFone Systems's Net-Net Working Capital per share for the quarter that ended in Apr. 2018 was $-10.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VeriFone Systems's Days Inventory for the three months ended in Apr. 2018 was 44.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. VeriFone Systems's Inventory Turnover for the quarter that ended in Apr. 2018 was 2.07.

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. VeriFone Systems's Inventory-to-Revenue for the quarter that ended in Apr. 2018 was 0.29.


VeriFone Systems Total Inventories Historical Data

The historical data trend for VeriFone Systems'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.

VeriFone Systems Total Inventories Chart

VeriFone Systems Annual Data
Trend Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 138.70 124.28 129.72 175.23 126.56

VeriFone Systems Quarterly Data
Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 141.70 127.50 126.56 127.39 123.99

VeriFone Systems 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.


VeriFone Systems  (NYSE:PAY) 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.

VeriFone Systems's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2018 is

Net-Net Working Capital Per Share (Q: Apr. 2018 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(168.405+0.75 * 320.072+0.5 * 123.989-1573.162
-0-24.994)/110.723
=-10.18

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

VeriFone Systems's Days Inventory for the three months ended in Apr. 2018 is calculated as:

Days Inventory=Average Total Inventories (Q: Apr. 2018 )/Cost of Goods Sold (Q: Apr. 2018 )*Days in Period
=125.6915/259.929*365 / 4
=44.12

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

VeriFone Systems's Inventory Turnover for the quarter that ended in Apr. 2018 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Apr. 2018 ) / Average Total Inventories (Q: Apr. 2018 )
=259.929 / 125.6915
=2.07

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.

VeriFone Systems's Inventory to Revenue for the quarter that ended in Apr. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2018 ) / Revenue (Q: Apr. 2018 )
=125.6915 / 438.403
=0.29

* 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.


VeriFone Systems Total Inventories Related Terms

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VeriFone Systems (VeriFone Systems) Business Description

Traded in Other Exchanges
N/A
Address
Verifone sells hardware and complementary software and services that enable merchants to accept electronic payments at the point of sale. Its offerings are used in the retail, gas station, restaurant, and taxi environments, among others. The Verifone Systems segment sells devices and basic payment and security software. The Verifone Services segment provides "payments as a service"--longer-term leasing, support, and other payment-related services.
Executives
Robert B Henske director 2535 GARCIA AVE, MOUNTAIN VIEW CA 94043
Paul Galant director, officer: CEO 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Jane J. Thompson director 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Karen A Austin director 3100 WEST BIG BEAVER ROAD, TROY MI 48084
Marc E Rothman officer: EVP & CFO 1303 E ALGONQUIN ROAD, SCHAUMBURG X1 60196
Larry A Klane director 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Robert W Alspaugh director C/O AUTOLIV INC, KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 SE-111 64
Rowan M Trollope director 4000 EXECUTIVE PARKWAY, SUITE #400, SAN RAMON CA 94583
Alex W Hart director 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Ronald D Black director 1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089
Albert Liu officer: EVP, Corp Dev & Gen Counsel 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Wenda Harris Millard director C/O YAHOO INC, 701 FIRST AVE, SUNNYVALLE CA 94089
William Kenneth Nelson officer: EVP Global Product Mgmt & Serv ONE WAYSIDE ROAD BURLINGTON MA 01803
Leslie G Denend director C/O RATIONAL SOFTWARE CORP, 18880 HOMESTEAD ROAD, CUPERTINO CA 95014
Jeffrey E Stiefler director C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043