Evome Medical Technologies (Evome Medical Technologies) Total Inventories : $7.64 Mil (As of Dec. 2023)

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What is Evome Medical Technologies Total Inventories?

Evome Medical Technologies's total inventories for the quarter that ended in Dec. 2023 was $7.64 Mil. Evome Medical Technologies's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $8.30 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Evome Medical Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Evome Medical Technologies's Days Inventory for the three months ended in Dec. 2023 was 99.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. Evome Medical Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.91.

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. Evome Medical Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.71.

Evome Medical Technologies Total Inventories Historical Data

The historical data trend for Evome Medical Technologies'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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Evome Medical Technologies Total Inventories Chart

Evome Medical Technologies Annual Data

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Dec23

Total Inventories

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3.91

7.64

Evome Medical Technologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															6.38	4.89	10.05	8.97	7.64

Evome Medical Technologies 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.

Evome Medical Technologies (OTCPK:LNDZF) 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.

Evome Medical Technologies'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)
=	(0.685	+	0.75 * 5.817	+	0.5 * 7.635	-	32.986
-	0	-	0)	/	79.89
=	-0.30

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

Evome Medical Technologies'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
	=	8.3005	/	7.592	*	365 / 4
	=	99.77

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

Evome Medical Technologies'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 )
	=	7.592	/	8.3005
	=	0.91

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.

Evome Medical Technologies'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 )
	=	8.3005	/	11.719
	=	0.71

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.

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