CTVEF (Certive Solutions) Total Inventories: $0.09 Mil (As of Feb. 2024)

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What is Certive Solutions Total Inventories?

Certive Solutions CTVEF -99.94% Total Inventories is $0.09 Mil as of Feb. 2024.

Certive Solutions's total inventories for the quarter that ended in Feb. 2024 was $0.09 Mil. Certive Solutions's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was $0.09 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Certive Solutions's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Certive Solutions's Days Inventory for the three months ended in Feb. 2024 was 36.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Certive Solutions's Inventory Turnover for the quarter that ended in Feb. 2024 was 2.49.

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. Certive Solutions's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.27.


Certive Solutions  (OTCPK:CTVEF) 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.

Certive Solutions's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

Net-Net Working Capital Per Share (Q: Feb. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.008+0.75 * 0.115+0.5 * 0.085-12.249
-0-0)/169.145
=-0.07

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

Certive Solutions's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Feb. 2024 )/Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=0.093/0.232*365 / 4
=36.58

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

Certive Solutions's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Feb. 2024 ) / Average Total Inventories (Q: Feb. 2024 )
=0.232 / 0.093
=2.49

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.

Certive Solutions's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Feb. 2024 ) / Revenue (Q: Feb. 2024 )
=0.093 / 0.342
=0.27

* 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.


Certive Solutions Total Inventories Related Terms


Certive Solutions Total Inventories Historical Data

* Premium members only.

The historical data trend for Certive Solutions'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.

Certive Solutions Total Inventories Chart

Certive Solutions Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.38 0.37 0.12 0.14

Certive Solutions Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.13 0.14 0.18 0.10 0.09

Certive Solutions 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $0.09 Mil mean?
Certive Solutions (CTVEF) has a Total Inventories of $0.09 Mil as of Feb. 2024. The total amount of inventory as recorded on a company's balance sheet. View historical data for Certive Solutions and its competitors.
Is Certive Solutions' Total Inventories too high?
Certive Solutions' current Total Inventories is $0.09 Mil.
How does Certive Solutions' Total Inventories compare to ESSI and UPHL?
Certive Solutions' Total Inventories of $0.09 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Healthcare Providers & Services company?
A good Total Inventories depends on the Healthcare Providers & Services industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Certive Solutions and its competitors. Certive Solutions's current Total Inventories is $0.09 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Certive Solutions stock overvalued right now?
Certive Solutions (CTVEF) has a current Total Inventories of $0.09 Mil. The current Total Inventories is $0.09 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Certive Solutions (CTVEF), the current Total Inventories is $0.09 Mil as of Feb. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Certive Solutions Business Description

Address 8149 North 87th Place, Scottsdale, AZ, USA, 85258
Certive Solutions Inc is a service provider in the Revenue Cycle Management (RCM) segment of the United States healthcare industry. The company provides claims audit and recovery solutions. Along with its subsidiaries, the Titan and Omega divisions provide retrospective claim audits against payer contracts, identify underpayments, and rebill and collect revenues for hospital customers. Its lines of business include billing support, claim audit and recovery, consulting services and chargemaster/lost charge recovery. The Company currently provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue-sharing relationships that improve hospital clients net operating results.