Coventry Health Care, (FRA:HCA) Days Inventory : 0.00 (As of Mar. 2013)

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What is Coventry Health Care, Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Coventry Health Care,'s Average Total Inventories for the three months ended in Mar. 2013 was €0 Mil. Coventry Health Care,'s Cost of Goods Sold for the three months ended in Mar. 2013 was €2,120 Mil. Hence, Coventry Health Care,'s Days Inventory for the three months ended in Mar. 2013 was 0.00.

The historical rank and industry rank for Coventry Health Care,'s Days Inventory or its related term are showing as below:

FRA:HCA's Days Inventory is not ranked ^*
in the Healthcare Plans industry.
Industry Median: 28.64
* Ranked among companies with meaningful Days Inventory only.

Coventry Health Care,'s Days Inventory stayed the same from Mar. 2012 (0.00) to Mar. 2013 (0.00).

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

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. Coventry Health Care,'s Inventory-to-Revenue for the three months ended in Mar. 2013 was 0.00.

Coventry Health Care, Days Inventory Historical Data

The historical data trend for Coventry Health Care,'s Days Inventory 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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Coventry Health Care, Days Inventory Chart

Coventry Health Care, Annual Data

Trend

Dec03

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Dec12

Days Inventory

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Coventry Health Care, Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Coventry Health Care,'s Days Inventory

For the Healthcare Plans subindustry, Coventry Health Care,'s Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Coventry Health Care,'s Days Inventory Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Coventry Health Care,'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Coventry Health Care,'s Days Inventory falls into.

Coventry Health Care, Days Inventory Calculation

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

Coventry Health Care,'s Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

	Days Inventory (A: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	8473.88	*	365
=	0					/	8473.88	*	365
=	0.00

Coventry Health Care,'s Days Inventory for the quarter that ended in Mar. 2013 is calculated as:

	Days Inventory (Q: Mar. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2012 )	+	Total Inventories (Q: Mar. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2013 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2120.017	*	365 / 4
=	0					/	2120.017	*	365 / 4
=	0.00

Coventry Health Care, (FRA:HCA) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Coventry Health Care,'s Inventory Turnover for the three months ended in Mar. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2120.017	/	0
	=

2. 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.

Coventry Health Care,'s Inventory to Revenue for the three months ended in Mar. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	2717.621
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Coventry Health Care, Days Inventory Related Terms

Thank you for viewing the detailed overview of Coventry Health Care,'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Coventry Health Care, (FRA:HCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Coventry Health Care, Inc. (FRA:HCA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Website

Coventry Health Care, Inc. was incorporated under the laws of the State of Delaware on December 17, 1997 and is the successor to Coventry Corporation, which was incorporated on November 21, 1986. The Company provides risk and fee-based managed care products and services to a cross section of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators. Its operations are segmented into three - Commercial Products, Government Programs and Workers' Compensation. The Commercial Products segment provides health plan commercial risk, commercial management services, Medicare Advantage Coordinated Care Plans, and Medicaid products. Its health plans offer commercial risk products, including health maintenance organization, preferred provider organization, and point of service products to individuals and employer groups. This segment also provides health insurance benefits under the Federal Employees Health Benefits Program; and administrative services only products, such as medical claims administration, pharmacy benefits management, and utilization management and quality assurance programs. In addition, it offers consumer-directed benefit options comprising health reimbursement and savings accounts to commercial customers; provider network rental services through a PPO network to national, regional, and local third-party administrators, as well as insurance carriers; and coordination of mental health and substance abuse treatment services. The Government Programs segment offers Medicare Part D program that provides access to prescription drug coverage for eligible beneficiaries; and comprehensive health benefits on a risk basis to members participating in the Medicare Advantage CCP and Medicaid programs. Its Workers Compensation segment offers fee-based managed care services, such as provider network access, bill review, pharmacy benefit management, durable medical equipment and ancillary services, and care management services to underwriters and administrators of workers compensation insurance. The company serves individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators through direct sales staff, and independent insurance brokers and agents.