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Glaukos's total inventories for the quarter that ended in Sep. 2024 was $59.9 Mil. Glaukos's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $58.2 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Glaukos's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $1.39.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glaukos's Days Inventory for the three months ended in Sep. 2024 was 235.10.
Inventory Turnover measures how fast the company turns over its inventory within a year. Glaukos's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.39.
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. Glaukos's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.60.
The historical data trend for Glaukos'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.
Glaukos Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 42.58 | 15.81 | 23.01 | 37.84 | 41.99 |
Glaukos Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Total Inventories | Get a 7-Day Free Trial | 39.78 | 41.99 | 50.19 | 56.48 | 59.90 |
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.
Glaukos (NYSE:GKOS) 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.
Glaukos'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) | ||
= | (262.473 | + | 0.75 * 56.408 | + | 0.5 * 59.895 | - | 258.034 |
- | 0 | - | 0) | / | 55.094 | ||
= | 1.39 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Glaukos'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 |
= | 58.1875 | / | 22.584 | * | 365 / 4 | |
= | 235.10 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Glaukos'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 ) |
= | 22.584 | / | 58.1875 | |
= | 0.39 |
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.
Glaukos'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 ) |
= | 58.1875 | / | 96.67 | |
= | 0.60 |
* 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 Glaukos's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph E Gilliam | officer: CFO, SVP Corporate Development | C/O GLAUKOS CORPORATION, 229 AVENIDA FABRICANTE, SAN CLEMENTE CA 92677 |
Gilbert H Kliman | director | C/O INTERWEST PARTNERS, 467 FIRST STREET SUITE 201, LOS ALTOS CA 94022 |
Marc Stapley | director | 9885 TOWNE CENTRE DRIVE, SAN DIEGO CA 92121 |
Aimee S Weisner | director | ONE EDWARDS WAY, IRVINE CA 92614 |
Alex R. Thurman | officer: SVP & Chief Financial Officer | C/O GLAUKOS CORPORATION, 229 AVENIDA FABRICANTE, SAN CLEMENTE CA 92672 |
Mark J Foley | director | ZELTIQ AESTHETICS INC., 4698 WILLOW ROAD SUITE 100, PLEASANTON CA 94588 |
Thomas William Burns | director, 10 percent owner, officer: Chief Executive Officer | C/O GLAUKOS CORPORATION,, 26051 MERIT CIRCLE, SUITE 103, LAGUNA HILLS CA 92653 |
Tomas Navratil | officer: Chief Development Officer | C/O GLAUKOS CORPORATION, 229 AVENIDA FABRICANTE, SAN CLEMENTE CA 92672 |
Denice Torres | director | 3 RABBIT RUN DRIVE, NEW HOPE PA 18938 |
Leana Wen | director | C/O GLAUKOS CORPORATION, 229 AVENIDA FABRICANTE, SAN CLEMENTE CA 92672 |
Chris M. Calcaterra | officer: Chief Commercial Officer | C/O GLAUKOS CORPORATION, 26051 MERIT CIRCLE, SUITE 103, LAGUNA HILLS CA 92653 |
Link William J Phd | director, 10 percent owner | ONE SANSOME STREET, SUITE 1650, SAN FRANCISCO CA 94104 |
Orbimed Advisors Llc | director | 601 LEXINGTON AVENUE, 54TH FLOOR, NEW YORK NY 10022 |
Jonathan Silverstein | director | 601 LEXINGTON AVENUE, 54TH FLOOR, NEW YORK NY 10022 |
Richard L Harrison | officer: Treasurer, CFO & Secretary | 26051 MERIT CIRCLE, SUITE 103, LAGUNA HILLS CA 92653 |
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