ARDT (Ardent Health Partners) Total Inventories : $108 Mil (As of Sep. 2024)

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What is Ardent Health Partners Total Inventories?

Ardent Health Partners's total inventories for the quarter that ended in Sep. 2024 was $108 Mil. Ardent Health Partners's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $107 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ardent Health Partners's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-18.55.

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. Ardent Health Partners's Inventory Turnover for the quarter that ended in Sep. 2024 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. Ardent Health Partners's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.07.

Ardent Health Partners Total Inventories Historical Data

The historical data trend for Ardent Health Partners'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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Ardent Health Partners Total Inventories Chart

Ardent Health Partners Annual Data

Trend

Dec16

Dec17

Dec18

Dec21

Dec22

Dec23

Total Inventories

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84.16

84.81

107.15

105.49

Ardent Health Partners Quarterly Data
	Dec16	Sep17	Dec17	Sep18	Dec18	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial									-	105.49	106.00	105.01	108.23

Ardent Health Partners 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.

Ardent Health Partners (NYSE:ARDT) 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.

Ardent Health Partners's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(563.142	+	0.75 * 705.747	+	0.5 * 108.231	-	3413.145
-	0	-	380.999)	/	142.736
=	-18.55

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

Ardent Health Partners's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	106.6205	/	0	*	365 / 4
	=

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

Ardent Health Partners's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	0	/	106.6205
	=	0.00

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.

Ardent Health Partners's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	106.6205	/	1449.817
	=	0.07

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.

Ardent Health Partners Total Inventories Related Terms

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Ardent Health Partners Business Description

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Address

340 Seven Springs Way, Suite 100, Brentwood, TN, USA, 37027

Website

https://www.ardenthealth.com

Ardent Health Partners Inc is an operator of hospitals and a provider of healthcare services in the United States. It provide both general and specialty services, including internal medicine, general surgery, cardiology, oncology, orthopedics, women's services, neurology, urology, and emergency services, within inpatient and ambulatory care settings. The company has one reportable segment: healthcare services that provides healthcare services primarily through its ownership and operation of hospitals, certain of which provide related healthcare services through physician practices, outpatient centers, and post-acute facilities. Ardent has 30 acute care hospitals, more than 200 sites of care that operates across six states: Texas, Oklahoma, New Mexico, New Jersey, Idaho, and Kansas.