iFIT Health & Fitness (iFIT Health & Fitness) Total Inventories : $82 Mil (As of May. 2020)

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What is iFIT Health & Fitness Total Inventories?

iFIT Health & Fitness's total inventories for the quarter that ended in May. 2020 was $82 Mil. iFIT Health & Fitness's average total inventories from the quarter that ended in May. 2019 to the quarter that ended in May. 2020 was $41 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. iFIT Health & Fitness's Net-Net Working Capital per share for the quarter that ended in May. 2020 was $-1.10.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. iFIT Health & Fitness's Inventory Turnover for the quarter that ended in May. 2020 was 0.00.

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.

iFIT Health & Fitness Total Inventories Historical Data

The historical data trend for iFIT Health & Fitness'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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iFIT Health & Fitness Total Inventories Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Total Inventories

81.58

403.44

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Total Inventories	-	81.58	403.44

iFIT Health & Fitness 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.

iFIT Health & Fitness (NAS:IFIT) 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.

iFIT Health & Fitness's Net-Net Working Capital Per Share for the quarter that ended in May. 2020 is

	Net-Net Working Capital Per Share (Q: May. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(110.244	+	0.75 * 73.828	+	0.5 * 81.581	-	553.285
-	0	-	0)	/	314.891
=	-1.10

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

iFIT Health & Fitness's Days Inventory for the three months ended in May. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2020 )	/	Cost of Goods Sold (Q: May. 2020 )	*	Days in Period
	=	40.7905	/	0	*	365 / 4
	=

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

iFIT Health & Fitness's Inventory Turnover for the quarter that ended in May. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: May. 2020 )	/	Average Total Inventories (Q: May. 2020 )
	=	0	/	40.7905
	=	0.00

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.

iFIT Health & Fitness's Inventory to Revenue for the quarter that ended in May. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2020 )	/	Revenue (Q: May. 2020 )
	=	40.7905	/	0
	=

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.

iFIT Health & Fitness Total Inventories Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

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Traded in Other Exchanges

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Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.