Envision Healthcare (Envision Healthcare) Total Inventories : $22 Mil (As of Jun. 2018)

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What is Envision Healthcare Total Inventories?

Envision Healthcare's total inventories for the quarter that ended in Jun. 2018 was $22 Mil. Envision Healthcare's average total inventories from the quarter that ended in Mar. 2018 to the quarter that ended in Jun. 2018 was $22 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Envision Healthcare's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was $-48.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Envision Healthcare's Days Inventory for the three months ended in Jun. 2018 was 1.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Envision Healthcare's Inventory Turnover for the quarter that ended in Jun. 2018 was 69.69.

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. Envision Healthcare's Inventory-to-Revenue for the quarter that ended in Jun. 2018 was 0.01.

Envision Healthcare Total Inventories Historical Data

The historical data trend for Envision Healthcare'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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Envision Healthcare Total Inventories Chart

Envision Healthcare Annual Data

Trend

Dec08

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Dec10

Dec11

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Dec13

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Dec17

Total Inventories

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18.41

19.97

21.40

23.40

22.70

Envision Healthcare Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Total Inventories	Get a 7-Day Free Trial															23.10	22.90	22.70	22.10	22.10

Envision Healthcare 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.

Envision Healthcare (NYSE:EVHC) 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.

Envision Healthcare's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2018 is

	Net-Net Working Capital Per Share (Q: Jun. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(593.5	+	0.75 * 1543.5	+	0.5 * 22.1	-	7032.5
-	0	-	654.8)	/	121.402
=	-48.81

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

Envision Healthcare's Days Inventory for the three months ended in Jun. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2018 )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
	=	22.1	/	1540.1	*	365 / 4
	=	1.31

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

Envision Healthcare's Inventory Turnover for the quarter that ended in Jun. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2018 )	/	Average Total Inventories (Q: Jun. 2018 )
	=	1540.1	/	22.1
	=	69.69

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.

Envision Healthcare's Inventory to Revenue for the quarter that ended in Jun. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2018 )	/	Revenue (Q: Jun. 2018 )
	=	22.1	/	2072.8
	=	0.01

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.

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Envision Healthcare (Envision Healthcare) Business Description

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https://www.evhc.net

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