Certive Solutions (XCNQ:CBP) Total Inventories : C$0.12 Mil (As of Feb. 2024)

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What is Certive Solutions Total Inventories?

Certive Solutions's total inventories for the quarter that ended in Feb. 2024 was C$0.12 Mil. Certive Solutions's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was C$0.13 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Certive Solutions's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was C$-0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Certive Solutions's Days Inventory for the three months ended in Feb. 2024 was 36.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. Certive Solutions's Inventory Turnover for the quarter that ended in Feb. 2024 was 2.47.

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. Certive Solutions's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.27.

Certive Solutions Total Inventories Historical Data

The historical data trend for Certive Solutions'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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Certive Solutions Total Inventories Chart

Certive Solutions Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Inventories

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0.42

0.53

0.45

0.15

0.19

Certive Solutions Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															0.17	0.19	0.24	0.14	0.12

Certive Solutions 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.

Certive Solutions (XCNQ:CBP) 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.

Certive Solutions's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.011	+	0.75 * 0.155	+	0.5 * 0.115	-	16.536
-	0	-	0)	/	169.145
=	-0.10

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

Certive Solutions's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	0.1265	/	0.313	*	365 / 4
	=	36.88

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

Certive Solutions's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	0.313	/	0.1265
	=	2.47

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.

Certive Solutions's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	0.1265	/	0.462
	=	0.27

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.

Certive Solutions Total Inventories Related Terms

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Certive Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Certive Solutions Inc (XCNQ:CBP) » Definitions » Total Inventories

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CTVEF:USA

Address

8149 North 87th Place, Scottsdale, AZ, USA, 85258

Website

https://www.certivehealth.com

Certive Solutions Inc is a service provider in the Revenue Cycle Management (RCM) segment of the United States healthcare industry. The company provides claims audit and recovery solutions. Along with its subsidiaries, the Titan and Omega divisions provide retrospective claim audits against payer contracts, identify underpayments, and rebill and collect revenues for hospital customers. Its lines of business include billing support, claim audit and recovery, consulting services and chargemaster/lost charge recovery. The Company currently provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue-sharing relationships that improve hospital clients' net operating results.

Executives

Scott Thomas	Director
Timothy John Hyland	Director, Senior Officer
Thomas Marreel	Director
Jeff Wareham	Director

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