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ARIAD Pharmaceuticals's total inventories for the quarter that ended in Sep. 2016 was $2.1 Mil. ARIAD Pharmaceuticals's average total inventories from the quarter that ended in Jun. 2016 to the quarter that ended in Sep. 2016 was $1.5 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ARIAD Pharmaceuticals's Net-Net Working Capital per share for the quarter that ended in Sep. 2016 was $-2.01.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ARIAD Pharmaceuticals's Days Inventory for the three months ended in Sep. 2016 was 119.57.
Inventory Turnover measures how fast the company turns over its inventory within a year. ARIAD Pharmaceuticals's Inventory Turnover for the quarter that ended in Sep. 2016 was 0.76.
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. ARIAD Pharmaceuticals's Inventory-to-Revenue for the quarter that ended in Sep. 2016 was 0.03.
The historical data trend for ARIAD Pharmaceuticals'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.
ARIAD Pharmaceuticals Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | 0.01 | 0.42 | 0.98 | 1.10 |
ARIAD Pharmaceuticals Quarterly Data | ||||||||||||||||||||
Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | |
Total Inventories | Get a 7-Day Free Trial | 1.52 | 1.10 | 0.94 | 0.90 | 2.06 |
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.
ARIAD Pharmaceuticals (NAS:ARIA) 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.
ARIAD Pharmaceuticals's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2016 is
Net-Net Working Capital Per Share (Q: Sep. 2016 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (314.665 | + | 0.75 * 23.975 | + | 0.5 * 2.061 | - | 722.94 |
- | 0 | - | 0) | / | 194.092 | ||
= | -2.01 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
ARIAD Pharmaceuticals's Days Inventory for the three months ended in Sep. 2016 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2016 ) | / | Cost of Goods Sold (Q: Sep. 2016 ) | * | Days in Period |
= | 1.482 | / | 1.131 | * | 365 / 4 | |
= | 119.57 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
ARIAD Pharmaceuticals's Inventory Turnover for the quarter that ended in Sep. 2016 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2016 ) | / | Average Total Inventories (Q: Sep. 2016 ) |
= | 1.131 | / | 1.482 | |
= | 0.76 |
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.
ARIAD Pharmaceuticals's Inventory to Revenue for the quarter that ended in Sep. 2016 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2016 ) | / | Revenue (Q: Sep. 2016 ) |
= | 1.482 | / | 46.016 | |
= | 0.03 |
* 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 ARIAD Pharmaceuticals's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Alexander J Denner | director | C/O SARISSA CAPITAL MANAGEMENT LP, 660 STEAMBOAT ROAD, 3RD FLOOR, GREENWICH CT 06830 |
Norbert G Riedel | director | BAXTER INTERNATIONAL INC, ONE BAXTER PKWY DF2-1W, DEERFIELD IL 60015 |
Elona Esq. Kogan | officer: Sr. V. P. - General Counsel | C/O SEER, INC., 3800 BRIDGE PARKWAY, SUITE 102, REDWOOD CITY CA 94065 |
Manmeet Singh Soni | officer: EVP, CFO & Treasurer | C/O PHARMACYCLICS, INC., 995 EAST ARQUES AVE, SUNNYVALE CA 94085 |
Timothy P Clackson | officer: President, R&D, CSO | C/O ARIAD PHARMACEUTICALS INC, 26 LANDSDOWNE STREET, CAMBRIDGE MA 02139 |
Jules Haimovitz | director | 601 108TH AVENUE NE, SUITE 1200, BELLEVUE WA 98004 |
Daniel M Bollag | officer: Sr. VP, Reg. Affairs & Quality | C/O ARIAD PHARMACEUTICALS, INC., 26 LANDSDOWNE STREET, CAMBRIDGE MA 02139 |
Hugh M Cole | officer: SVP, Chief Business Officer | C/O ARIAD PHARMACEUTICALS, INC, 26 LANDSDOWNE STREET, CAMBRIDGE MA 02139 |
George Bickerstaff | director | C/O VION PHARMACEUTICALS, INC., 4 SCIENCE PARK, NEW HAVEN CT 06511 |
Paris Panayiotopoulos | director, officer: President and CEO | ARIAD PHARMACEUTICALS, INC., 26 LANDSDOWNE STREET, CAMBRIDGE MA 02139 |
Anna Protopapas | director | MILLENNIUM PHARMACEUTICALS, INC., 40 LANDSDOWNE STREET, CAMBRIDGE MA 02139 |
Sarah J. Schlesinger | director | C/O ARIAD PHARMACEUTICALS, 26 LANDSDOWNE STREET, CAMBRIDGE MA 02139 |
Massimo Radaelli | director | C/O ARIAD PHARMACEUTICALS, INC., 26 LANDSDOWNE STREET, CAMBRIDGE MA 02139 |
Martin J Duvall | officer: EVP, CCO | MGI PHARMA, INC., 5775 WEST OLD SHAKOPEE ROAD, SUITE 100, BLOOMINGTON MN 55437 |
Frank Haluska | officer: SVP, Clinical R&D, CMO | C/O ARIAD PHARMACEUTICALS, INC., 26 LANDSDOWNE STREET, CAMBRIDGE MA 02139 |
From GuruFocus
By gurufocus 10qk • 03-15-2011
By gurufocus • 08-10-2009
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