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Intuitive Surgical's total inventories for the quarter that ended in Dec. 2024 was $1,487 Mil. Intuitive Surgical's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $1,484 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Intuitive Surgical's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $9.44.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Intuitive Surgical's Days Inventory for the three months ended in Dec. 2024 was 175.62.
Inventory Turnover measures how fast the company turns over its inventory within a year. Intuitive Surgical's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.52.
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. Intuitive Surgical's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.62.
The historical data trend for Intuitive Surgical'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.
Intuitive Surgical 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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601.50 | 587.10 | 893.20 | 1,220.60 | 1,487.20 |
Intuitive Surgical 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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1,220.60 | 1,299.30 | 1,383.90 | 1,481.70 | 1,487.20 |
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.
Intuitive Surgical (NAS:ISRG) 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.
Intuitive Surgical'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) | ||
= | (4013.3 | + | 0.75 * 1225.4 | + | 0.5 * 1487.2 | - | 2213.6 |
- | 0 | - | 95.9) | / | 356.600 | ||
= | 9.44 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Intuitive Surgical'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 |
= | 1484.45 | / | 771.3 | * | 365 / 4 | |
= | 175.62 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Intuitive Surgical'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 ) |
= | 771.3 | / | 1484.45 | |
= | 0.52 |
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.
Intuitive Surgical'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 ) |
= | 1484.45 | / | 2413.5 | |
= | 0.62 |
* 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 Intuitive Surgical's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Desantis | officer: Executive VP & GM IA&E | C/O INTUITIVE SURGICAL, INC., 1020 KIFER ROAD, SUNNYVALE CA 94086 |
David J. Rosa | officer: Sr VP Emerging Procedures & Te | 1266 KIFER ROAD, SUNNYVALE CA 94086 |
Myriam Curet | officer: SVP & Chief Medical Officer, other: SVP & Chief Medical Officer | 1020 KIFER ROAD, SUNNYVALE CA 94086 |
Fredrik Widman | officer: VP Corporate Controller | 1020 KIFER ROAD, 1020 KIFER ROAD, SUNNYVALE CA 94086 |
Jamie Samath | officer: Chief Accounting Officer | NATIONAL SEMICONDUCTOR, 2900 SEMICONDUCTOR DR, M/S C1-640, SANTA CLARA CA 95051 |
Gary Loeb | officer: General Counsel & CCO | 5885 HOLLIS ST., SUITE 100, EMERYVILLE CA 94608 |
Amal M Johnson | director | C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085 |
Amy L Ladd | director | INTUITIVE SURGICAL, INC, 1020 KIFER RD, SUNNYVALE CA 94086 |
Gary S Guthart | director, officer: President & CEO, other: President & CEO | C/O INTUITIVE SURGICAL INC, 1266 KIFER RD, SUNNYVALE CA 94086 |
Henry L Charlton | officer: Senior Vice President & Chief | 1020 KIFER ROAD, 1020 KIFER ROAD, SUNNYVALE CA 94086 |
Craig H Barratt | director | |
Mark J Rubash | director | |
Alan J Levy | director | C/O INTUITIVE SURGICAL INC, 1266 KIFER RD, SUNNYVALE CA 94086 |
Marshall Mohr | officer: SVP & CFO | C/O INTUITIVE SURGICAL, INC, 1266 KIFER ROAD, SUNNYVALE CA 94086 |
Sreelakshmi Kolli | director | C/O ALIGN TECHNOLOGY INC., 2820 ORCHARD PARKWAY, SAN JOSE CA 94131 |
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