Cue Health (Cue Health) Total Inventories : $14.04 Mil (As of Dec. 2023)

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What is Cue Health Total Inventories?

Cue Health's total inventories for the quarter that ended in Dec. 2023 was $14.04 Mil. Cue Health's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $38.80 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cue Health's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cue Health's Days Inventory for the three months ended in Dec. 2023 was 99.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cue Health's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.92.

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. Cue Health's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.23.

Cue Health Total Inventories Historical Data

The historical data trend for Cue 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.

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Cue Health Total Inventories Chart

Cue Health Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

36.84

88.39

82.21

14.04

Cue Health Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial											82.21	82.01	68.37	63.56	14.04

Cue Health 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.

Cue Health (NAS:HLTH) 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.

Cue Health's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(80.889	+	0.75 * 1.352	+	0.5 * 14.039	-	89.535
-	0	-	0)	/	155.305
=	-0.00

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

Cue Health's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	38.797	/	35.742	*	365 / 4
	=	99.05

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

Cue Health's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	35.742	/	38.797
	=	0.92

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.

Cue Health's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	38.797	/	17.381
	=	2.23

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.

Cue Health Total Inventories Related Terms

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Cue Health (Cue Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Cue Health Inc (NAS:HLTH) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

4980 Carroll Canyon Road, Suite 100, San Diego, CA, USA, 92121

Website

https://www.cuehealth.com

Cue Health Inc is a health technology company. It puts consumers in control of health information and places diagnostic information at the center of care. It enables people to manage health through real-time, actionable and connected health data. Further, it offers individuals, enterprises, government agencies and healthcare providers access to lab-quality diagnostic testing at home, at work, or at the point-of-care, all in a device that fits in the palm of hand.

Executives

T-twelve Holdings, Llc	10 percent owner	C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501
Tup Investments, L.p.	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tarsadia Investments, Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Cp (hlth), Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tfc Manager, Llc	10 percent owner	C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501
Nvga I, Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tccs I, Lp	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Tc Gp, Llc	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Tarsadia Capital, Llc	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Aasim Javed	officer: Chief Financial Officer	C/O CUE HEALTH INC, 4980 CARROLL CANYON RD SUITE 100, SAN DIEGO CA 92121
Randall E. Pollard	officer: Chief Accounting Officer	6229 PINE TREE CT., LONG GROVE IL 60047
Clint Sever	officer: Chief Product Officer	C/O CUE HEALTH INC., 4980 CARROLL CANYON RD. SUITE 100, SAN DIEGO CA 92121
Sachin H. Jain	director	C/O CARDIOVASCULAR SYSTEMS, INC., 1225 OLD HIGHWAY 8 NW, ST. PAUL MN 55112
Joshua Ghaim	director	C/O CUE HEALTH INC., 4980 CARROLL CANYON ROAD SUITE 100, SAN DIEGO CA 92121
Kelly P. Day	10 percent owner	865 FIGUEROA STREET, SUITE 700, LOS ANGELES CA 90017