Carvana Co (HAM:CV0) Total Inventories : €1,069 Mil (As of Mar. 2024)

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What is Carvana Co Total Inventories?

Carvana Co's total inventories for the quarter that ended in Mar. 2024 was €1,069 Mil. Carvana Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €1,062 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Carvana Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-44.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Carvana Co's Days Inventory for the three months ended in Mar. 2024 was 42.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Carvana Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.14.

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. Carvana Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.38.

Carvana Co Total Inventories Historical Data

The historical data trend for Carvana Co'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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Carvana Co Total Inventories Chart

Carvana Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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686.43

851.59

2,786.87

1,770.94

1,054.55

Carvana Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															1,386.99	1,201.75	1,016.65	1,054.55	1,069.04

Carvana Co 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.

Carvana Co (HAM:CV0) 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.

Carvana Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(231.84	+	0.75 * 322.92	+	0.5 * 1069.04	-	6710.48
-	0	-	-552)	/	116.558
=	-44.18

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

Carvana Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1061.795	/	2272.4	*	365 / 4
	=	42.64

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

Carvana Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	2272.4	/	1061.795
	=	2.14

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.

Carvana Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1061.795	/	2816.12
	=	0.38

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.

Carvana Co Total Inventories Related Terms

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Carvana Co (HAM:CV0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Carvana Co (HAM:CV0) » Definitions » Total Inventories

Comparable Companies

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CVNA:USA CVNA:Mexico CV0:Germany

Address

300 E. Rio Salado Parkway, Tempe, AZ, USA, 85281

Website

https://www.carvana.com

Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.

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