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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Health Net's Cost of Goods Sold for the three months ended in Dec. 2015 was $3,382 Mil. Health Net's Average Total Inventories for the quarter that ended in Dec. 2015 was $0 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Health Net's Days Inventory for the three months ended in Dec. 2015 was 0.00.
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. Health Net's Inventory-to-Revenue for the quarter that ended in Dec. 2015 was 0.00.
The historical data trend for Health Net's Inventory Turnover 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.
Health Net Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Health Net Quarterly Data | ||||||||||||||||||||
Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | |
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Health Net's Inventory Turnover for the fiscal year that ended in Dec. 2015 is calculated as
Inventory Turnover (A: Dec. 2015 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2015 ) | / ( | (Total Inventories (A: Dec. 2014 ) | + | Total Inventories (A: Dec. 2015 )) | / | count ) |
= | 13644.877 | / ( | (0 | + | 0) | / | 1 ) |
= | 13644.877 | / | 0 | ||||
= | N/A |
Health Net's Inventory Turnover for the quarter that ended in Dec. 2015 is calculated as
Inventory Turnover (Q: Dec. 2015 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Dec. 2015 ) | / ( | (Total Inventories (Q: Sep. 2015 ) | + | Total Inventories (Q: Dec. 2015 )) | / | count ) |
= | 3381.931 | / ( | (0 | + | 0) | / | 1 ) |
= | 3381.931 | / | 0 | ||||
= | N/A |
* 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.
Health Net (NYSE:HNT) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Health Net's Days Inventory for the three months ended in Dec. 2015 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2015 ) | / | Cost of Goods Sold (Q: Dec. 2015 ) | * | Days in Period |
= | 0 | / | 3381.931 | * | 365 / 4 | |
= | 0.00 |
2. 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.
Health Net's Inventory to Revenue for the quarter that ended in Dec. 2015 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2015 ) | / | Revenue (Q: Dec. 2015 ) |
= | 0 | / | 4036.401 | |
= | 0.00 |
* 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Health Net's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary Anne Citrino | director | 345 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10154 |
Craver Theodore F Jr | director | DUKE ENERGY CORPORATION, 550 SOUTH TRYON STREET - DEC45A, CHARLOTTE NC 28202 |
Kathleen Alyce Waters | officer: SVP, Gen. Counsel & Secretary | C/O DAVITA INC., 2000 16TH STREET, DENVER CO 80202 |
Jay M Gellert | director, officer: President, CEO | 6520 PLATT AVENUE, #695, WEST HILL CA 91307 |
Gale S Fitzgerald | director | 800 DELEWARE AVE, COMPUTER TASK GROUP INC, BUFFALO NY 14209 |
James Woys | officer: EVP, CFO and COO | 21650 OXNARD STREET, 22ND FLOOR, WOODLAND HILLS CA 91367 |
Patrick Foley | director | C/O GLENBOROUGH REALTY TRUST, 400 SOUTH EL CAMINO REAL, SAN MATEO CA 94402 |
Steven H Nelson | officer: President Health Net of the NE | 21650 OXNARD STREET, WOODLAND HILLS CA 91367 |
Anthony S Piszel | officer: EVP & Chief Financial Officer | C/O PRUDENTIAL FINANCIAL INC, 751 BROAD ST 4TH FL, NEWARK NJ 07102 |
Maurice Hebert | officer: Corporate Controller | C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634 |
Richard W Hanselman | director | 21650 OXNARD STREET, 22ND FLOOR, WOODLAND HILLS CA 91367 |
J Thomas Bouchard | director | 5301 N IRONWOOD RD, MILWAUKEE WI 53217 |
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