Biovet JSC (LTS:0III) Total Inventories: лв77.72 Mil (As of Dec. 2016)


What is Biovet JSC Total Inventories?

Biovet JSC LTS:0III Total Inventories is лв77.72 Mil as of Dec. 2016. The stock has 1 warning sign investors should review.

Biovet JSC's total inventories for the quarter that ended in Dec. 2016 was лв77.72 Mil. Biovet JSC's average total inventories from the quarter that ended in Sep. 2016 to the quarter that ended in Dec. 2016 was лв68.72 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Biovet JSC's Net-Net Working Capital per share for the quarter that ended in Dec. 2016 was лв-22.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Biovet JSC's Days Inventory for the three months ended in Dec. 2016 was 107.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Biovet JSC's Inventory Turnover for the quarter that ended in Dec. 2016 was 0.85.

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. Biovet JSC's Inventory-to-Revenue for the quarter that ended in Dec. 2016 was 1.01.

Biovet JSC  (LTS:0III) 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.

Biovet JSC's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2016 is

Net-Net Working Capital Per Share (Q: Dec. 2016 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.257+0.75 * 15.266+0.5 * 77.723-204.515
-0-0)/6.783
=-22.40

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

Biovet JSC's Days Inventory for the three months ended in Dec. 2016 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2016 )/Cost of Goods Sold (Q: Dec. 2016 )*Days in Period
=68.723/58.543*365 / 4
=107.12

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

Biovet JSC's Inventory Turnover for the quarter that ended in Dec. 2016 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2016 ) / Average Total Inventories (Q: Dec. 2016 )
=58.543 / 68.723
=0.85

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.

Biovet JSC's Inventory to Revenue for the quarter that ended in Dec. 2016 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2016 ) / Revenue (Q: Dec. 2016 )
=68.723 / 68.111
=1.01

* 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.

Biovet JSC Total Inventories Related Terms

Biovet JSC Total Inventories Historical Data

* Premium members only.

The historical data trend for Biovet JSC'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.

Biovet JSC Total Inventories Chart

Biovet JSC Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Total Inventories
Get a 7-Day Free Trial 40.62 46.00 44.00 54.13 77.72

Biovet JSC Quarterly Data
Dec09 Dec10 Dec11 Dec12 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.13 46.61 51.01 59.72 77.72

Biovet JSC 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of лв77.72 Mil mean?
Biovet JSC (LTS:0III) has a Total Inventories of лв77.72 Mil as of Dec. 2016. The total amount of inventory as recorded on a company's balance sheet. View historical data for Biovet JSC and its competitors.
Is Biovet JSC's Total Inventories too high?
Biovet JSC's current Total Inventories is лв77.72 Mil.
How does Biovet JSC's Total Inventories compare to ADMP and AGRX?
Biovet JSC's Total Inventories of лв77.72 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Drug Manufacturers company?
A good Total Inventories depends on the Drug Manufacturers industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Biovet JSC and its competitors. Biovet JSC's current Total Inventories is лв77.72 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Biovet JSC stock overvalued right now?
Biovet JSC (LTS:0III) has a current Total Inventories of лв77.72 Mil. The current Total Inventories is лв77.72 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Biovet JSC (LTS:0III), the current Total Inventories is лв77.72 Mil as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Biovet JSC Business Description

Biovet JSC manufactures & markets medicated and nutritional feed additives, enzymes, bulk active substances & pharmaceuticals for animal productivity & health. It offers intermediates, active ingredients and medicines for human pharmaceutical industry.