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Societal CDMO's total inventories for the quarter that ended in Dec. 2023 was $10.26 Mil. Societal CDMO's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $11.27 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Societal CDMO's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.66.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Societal CDMO's Days Inventory for the three months ended in Dec. 2023 was 51.37.
Inventory Turnover measures how fast the company turns over its inventory within a year. Societal CDMO's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.78.
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. Societal CDMO's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.
The historical data trend for Societal CDMO'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.
Societal CDMO Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 15.07 | 11.61 | 8.92 | 10.30 | 10.26 |
Societal CDMO Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Inventories | Get a 7-Day Free Trial | 10.30 | 11.57 | 12.86 | 12.28 | 10.26 |
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.
Societal CDMO (NAS:SCTL) 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.
Societal CDMO's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is
Net-Net Working Capital Per Share (Q: Dec. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (8.095 | + | 0.75 * 16.576 | + | 0.5 * 10.262 | - | 94.811 |
- | 0 | - | 0) | / | 104.856 | ||
= | -0.66 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Societal CDMO's Days Inventory for the three months ended in Dec. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2023 ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | 11.2705 | / | 20.021 | * | 365 / 4 | |
= | 51.37 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Societal CDMO's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2023 ) | / | Average Total Inventories (Q: Dec. 2023 ) |
= | 20.021 | / | 11.2705 | |
= | 1.78 |
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.
Societal CDMO's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 11.2705 | / | 27.719 | |
= | 0.41 |
* 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 Societal CDMO's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Bryan M. Reasons | director | C/O IMPAX LABORATORIES, INC., 30831 HUNTWOOD AVENUE, HAYWARD CA 94544 |
Elena Cant | director | C/O SOCIETAL CDMO, INC., 1 E. UWCHLAN AVENUE, SUITE 112, EXTON PA 19341 |
Enloe J David Jr | director, officer: Chief Executive Officer | |
James Charles Miller | director | 490 LAPP ROAD, MALVERN PA 19355 |
Wayne Weisman | director | 490 LAPP ROAD, MALVERN PA 19355 |
William Ashton | director | C/O HARRISON CONSULTING GROUP, PO BOX 283, NEWTOWN SQUARE PA 19073 |
Winston J Churchill | director | C/O SCP PARTNERS, SUITE 300, 1200 LIBERTY RIDGE DRIVE, WAYNE PA 19087 |
Awm Investment Company, Inc. | 10 percent owner | 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
Mathew Paul Arens | director, 10 percent owner | C/O FIRST LIGHT ASSET MANAGEMENT, LLC, 3300 EDINBOROUGH WAY, SUITE 201, EDINA MN 55435 |
First Light Asset Management, Llc | director, 10 percent owner | 3300 EDINBOROUGH WAY, SUITE 201, EDINA MN 55435 |
Laura L. Parks | director | C/O RECRO PHARMA, INC., 490 LAPP ROAD, MALVERN PA 29355 |
Michael Berelowitz | director | 415 EAST 37TH STREET, APT 36C, NEW YORK NY 10016 |
Ryan David Lake | officer: Chief Financial Officer | KENSEY NASH CORPORATION, 735 PENNSYLVANIA DRIVE, EXTON PA 19341 |
Scp Vitalife Partners (israel) Ii, L.p. | 10 percent owner | SUITE 190, 7 GREAT VALLEY PARKWAY, MALVERN PA 19355 |
Scp Vitalife Partners Ii Lp | 10 percent owner | SUITE 190, 7 GREAT VALLEY PARKWAY, MALVERN PA 19355 |
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