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Horizon Therapeutics's total inventories for the quarter that ended in Jun. 2023 was $170 Mil. Horizon Therapeutics's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Jun. 2023 was $167 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Horizon Therapeutics's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-3.79.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Horizon Therapeutics's Days Inventory for the three months ended in Jun. 2023 was 69.45.
Inventory Turnover measures how fast the company turns over its inventory within a year. Horizon Therapeutics's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.31.
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. Horizon Therapeutics's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.18.
The historical data trend for Horizon Therapeutics'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.
Horizon Therapeutics Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 50.75 | 53.80 | 75.28 | 225.73 | 169.56 |
Horizon Therapeutics Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Total Inventories | Get a 7-Day Free Trial | 203.68 | 190.26 | 169.56 | 164.50 | 170.33 |
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.
Horizon Therapeutics (NAS:HZNP) 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.
Horizon Therapeutics's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is
Net-Net Working Capital Per Share (Q: Jun. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (2496.513 | + | 0.75 * 717.417 | + | 0.5 * 170.325 | - | 3987.782 |
- | 0 | - | 0) | / | 228.939 | ||
= | -3.79 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Horizon Therapeutics's Days Inventory for the three months ended in Jun. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2023 ) | / | Cost of Goods Sold (Q: Jun. 2023 ) | * | Days in Period |
= | 167.4105 | / | 219.958 | * | 365 / 4 | |
= | 69.45 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Horizon Therapeutics's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jun. 2023 ) | / | Average Total Inventories (Q: Jun. 2023 ) |
= | 219.958 | / | 167.4105 | |
= | 1.31 |
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.
Horizon Therapeutics's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2023 ) | / | Revenue (Q: Jun. 2023 ) |
= | 167.4105 | / | 944.959 | |
= | 0.18 |
* 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 Horizon Therapeutics's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Andy Pasternak | officer: EVP and Chief Business Officer | C/O HORIZON THERAPEUTICS PLC, CONNAUGHT HOUSE, 1ST FL, 1 BURLINGTON RD, DUBLIN L2 D04 C5Y6 |
Aaron Cox | officer: EVP, Chief Financial Officer | C/O HORIZON THERAPEUTICS PLC, 70 ST. STEPHEN'S GREEN, DUBLIN L2 D02 E2X4 |
Jeffrey W Sherman | officer: EVP & Chief Medical Officer | C/O IDM PHARMA, INC., 9 PARKER, SUITE 100, IRVINE CA 92618 |
Patrick Mcilvenny | officer: Chief Accounting Officer | C/O HORIZON THERAPEUTICS PLC, 70 ST. STEPHEN'S GREEN, DUBLIN L2 D02 E2X4 |
Sean M. Clayton | officer: EVP, General Counsel | C/O HORIZON THERAPEUTICS PLC, 70 SAINT STEPHENS GREEN, DUBLIN L2 D02 E2X4 |
Thompson Elizabeth H.z. | officer: EVP, Research & Development | C/O HORIZON THERAPEUTICS, INC., 2 TOWER PLACE, 12TH FLOOR, SOUTH SAN FRANCISCO CA 94080 |
Timothy P Walbert | director, officer: President, Chairman and CEO | 1033 SKOKIE BOULEVARD, SUITE 355, NORTHBROOK IL 60062 |
Jacopo Leonardi | officer: Chief Commercial Officer | C/O HORIZON THERAPEUTICS PLC, 70 ST. STEPHEN'S GREEN, DUBLIN L2 D02 E2X4 |
Paul W. Hoelscher | officer: EVP Finance | 1 HORIZON WAY, C/O HORIZON THERAPEUTICS, INC., DEERFIELD IL 60015 |
Michael A. Desjardin | officer: EVP, Technical Operations | C/O JAZZ PHARMACEUTICALS, INC., 3180 PORTER DRIVE, PALO ALTO CA 94304 |
Miles W Mchugh | officer: Principal Accounting Officer | C/O ACCRETIVE HEALTH, INC., 401 N. MICHIGAN AVE, SUITE 2700, CHICAGO IL 60611 |
Barry Moze | officer: EVP, Corporate Dev't. | C/O HORIZON PHARMA, INC., 520 EAST COOK ROAD, SUITE 520, DEERFIELD IL 60015 |
Brian K Beeler | officer: EVP, General Counsel | C/O HORIZON PHARMA PLC, 520 LAKE COOK ROAD, SUITE 520, DEERFIELD IL 60015 |
Michael G Grey | director | C/O SGX PHARMACEUTICALS, INC., 10505 ROSELLE STREET, SAN DIEGO CA 92121 |
William F Daniel | director | TREASURY BUILDING, LOWER GRAND CANAL STREET, DUBLIN 2 L2 00000 |
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