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Exact Sciences's total inventories for the quarter that ended in Dec. 2024 was $162 Mil. Exact Sciences's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $150 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Exact Sciences's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-11.96.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Exact Sciences's Days Inventory for the three months ended in Dec. 2024 was 48.06.
Inventory Turnover measures how fast the company turns over its inventory within a year. Exact Sciences's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.90.
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. Exact Sciences's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.21.
The historical data trend for Exact Sciences'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.
Exact Sciences 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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92.27 | 104.99 | 118.26 | 127.48 | 162.38 |
Exact Sciences 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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127.48 | 128.53 | 127.37 | 136.99 | 162.38 |
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.
Exact Sciences (NAS:EXAS) 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.
Exact Sciences'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) | ||
= | (1038.026 | + | 0.75 * 248.968 | + | 0.5 * 162.383 | - | 3525.89 |
- | 0 | - | 0) | / | 185.616 | ||
= | -11.96 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Exact Sciences'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 |
= | 149.685 | / | 284.2 | * | 365 / 4 | |
= | 48.06 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Exact Sciences'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 ) |
= | 284.2 | / | 149.685 | |
= | 1.90 |
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.
Exact Sciences'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 ) |
= | 149.685 | / | 713.424 | |
= | 0.21 |
* 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 Exact Sciences's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin T Conroy | director, officer: Vice President | 5505 ENDEAVOR LANE, MADISON WI 53719 |
Brian Baranick | officer: Gen. Mgr., Precision Oncology | 441 CHARMANY DRIVE, MADISON WI 53719 |
Jacob A Orville | officer: General Manager, New Ventures | 5505 ENDEAVOR LANE, MADISON WI 53719 |
James Herriott | officer: General Counsel | 5505 ENDEAVOR LANE, MADISON WI 53719 |
Sarah Condella | officer: SVP, Human Resources | 441 CHARMANY DRIVE, MADISON WI 53719 |
D Scott Coward | officer: SVP and General Counsel | 441 CHARMANY DRIVE, MADISON WI 53719 |
Jeffrey Thomas Elliott | officer: Chief Financial Officer | 5505 ENDEAVOR LANE, MADISON WI 53719 |
Everett Cunningham | officer: Chief Commercial Officer | C/O QUEST DIAGNOSTICS, 500 PLAZA DRIVE, SECAUCUS NJ 07094 |
Daniel J Levangie | director | 85 SWANSON ROAD, BOXBOROUGH MA 01719 |
James Edward Doyle | director | 5505 ENDEAVOR LANE, MADISON WI 53719 |
Timothy J Scannell | director | 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002 |
Katherine S Zanotti | director | 431 E 9TH STREET, HINSDALE IL 60521 |
Paul J Clancy | director | C/O BIOGEN IDEC INC., 14 CAMBRIDGE CENTER, CAMBRIDGE MA 02142 |
Graham Peter Lidgard | officer: SVP, Chief Scientific Officer | 5505 ENDEAVOR LANE, MADISON WI 53719 |
Michael S Wyzga | director | RADIUS HEALTH, INC., 201 BROADWAY, 6TH FLOOR, CAMBRIDGE MA 02139 |
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