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CVS Health's total inventories for the quarter that ended in Dec. 2024 was $18,107 Mil. CVS Health's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $17,878 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CVS Health's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-116.39.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CVS Health's Days Inventory for the three months ended in Dec. 2024 was 19.24.
Inventory Turnover measures how fast the company turns over its inventory within a year. CVS Health's Inventory Turnover for the quarter that ended in Dec. 2024 was 4.74.
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. CVS Health's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.18.
The historical data trend for CVS Health'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.
CVS Health Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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18,496.00 | 17,760.00 | 19,090.00 | 18,025.00 | 18,107.00 |
CVS Health Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Total Inventories | Get a 7-Day Free Trial |
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18,025.00 | 16,346.00 | 16,068.00 | 17,649.00 | 18,107.00 |
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.
CVS Health (NYSE:CVS) 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.
CVS Health's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is
Net-Net Working Capital Per Share (Q: Dec. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (10993 | + | 0.75 * 14612 | + | 0.5 * 18107 | - | 177485 |
- | 0 | - | 170) | / | 1260.000 | ||
= | -116.39 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
CVS Health's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 17878 | / | 84811 | * | 365 / 4 | |
= | 19.24 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
CVS Health's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2024 ) | / | Average Total Inventories (Q: Dec. 2024 ) |
= | 84811 | / | 17878 | |
= | 4.74 |
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.
CVS Health's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 17878 | / | 97710 | |
= | 0.18 |
* 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.
Thank you for viewing the detailed overview of CVS Health's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
James David Clark | officer: SVP, Cont & Chief Acct Officer | ONE CVS DRIVE, WOONSOCKET RI 02760 |
Michael F Mahoney | director | BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234 |
Edward J Ludwig | director | C/O BECTON DICKERSON & CO, 1 BECTON DR, FRANKLIN LAKES NJ 07417 |
Prem S Shah | officer: EVP and Co-President of Retail | ONE CVS DRIVE, WOONSOCKET RI 02895 |
Thomas F. Cowhey | officer: SVP, Interim CFO | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
J Scott Kirby | director | 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606 |
Brian A Kane | officer: EVP/President, Aetna | 500 W MAIN STREET, LOUISVILLE KY 40202 |
Karen S Lynch | officer: EVP & Pres, Aetna Bus Unit | 151 FARMINGTON AVENUE, RW61, HARTFORD CT 06156 |
Samrat S. Khichi | officer: EVP, CPO and General Counsel | C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873 |
Thomas M Moriarty | officer: EVP & General Counsel | 100 PARSONS POND DRIVE, FRANKLIN LAKES NJ 07417 |
Jeffrey R. Balser | director | 3657 RICHLAND AVE., NASHVILLE TN 37205 |
Alan Lotvin | officer: EVP, Transformation | 55 NOD ROAD, AVON CT 06001 |
Daniel P Finke | officer: EVP/Pres, Health Care Benefits | ONE CVS DRIVE, WOONSOCKET RI 02895 |
Tilak Mandadi | officer: EVP, Chief Technology Officer | 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109 |
Sreekanth K Chaguturu | officer: EVP and Chief Medical Officer | ONE CVS DRIVE, WOONSOCKET RI 02895 |
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