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i3 Verticals (i3 Verticals) Total Inventories : $4.0 Mil (As of Mar. 2024)


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What is i3 Verticals Total Inventories?

i3 Verticals's total inventories for the quarter that ended in Mar. 2024 was $4.0 Mil. i3 Verticals's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $4.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. i3 Verticals's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-23.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. i3 Verticals's Days Inventory for the three months ended in Mar. 2024 was 17.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. i3 Verticals's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.15.

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. i3 Verticals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.


i3 Verticals Total Inventories Historical Data

The historical data trend for i3 Verticals'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.

* Premium members only.

i3 Verticals Total Inventories Chart

i3 Verticals Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Total Inventories
Get a 7-Day Free Trial 1.29 1.31 2.22 4.12 4.14

i3 Verticals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.73 4.54 4.14 4.25 3.98

i3 Verticals 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.


i3 Verticals  (NAS:IIIV) 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.

i3 Verticals's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.139+0.75 * 66.539+0.5 * 3.978-519.442
-0-96.823)/23.4165
=-23.97

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

i3 Verticals's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=4.1145/21.18*365 / 4
=17.73

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

i3 Verticals's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=21.18 / 4.1145
=5.15

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.

i3 Verticals's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=4.1145 / 94.542
=0.04

* 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.


i3 Verticals Total Inventories Related Terms

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i3 Verticals (i3 Verticals) Business Description

Traded in Other Exchanges
Address
40 Burton Hills Boulevard, Suite 415, Nashville, TN, USA, 37215
i3 Verticals Inc offers integrated payment and software solutions to small and medium-sized businesses and organizations in strategic vertical markets. Its operating segment includes Merchant Services and Software and Services. The company generates maximum revenue from the Software and Services segment. The company's strategic vertical market includes schools, the public sector, not-for-profit organizations, healthcare and others. It provides various solutions such as, gateway, payment processing, online payment, Document management, and ERP among others.
Executives
Timothy Mckenna director 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Gregory S Daily director, 10 percent owner, officer: Chief Executive Officer 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David K. Morgan director 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Christopher Laisure officer: President - Public Sector 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Paul Christians officer: Chief Operating Officer 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Pete Panagakis officer: Chief Technology Officer 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Robert Bertke officer: Chief Technology Officer 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Decosta Jenkins director 150 THIRD AVENUE SOUTH STE 900, NASHVILLE TN 37201
Frederick Stanford officer: President 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Geoffrey C. Smith officer: VP of Finance 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Robert Burton Harvey director 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
John C. Harrison director 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David M Wilds director, 10 percent owner 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David Scott Meriwether officer: SVP - Finance 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
First Avenue Partners Ii Lp 10 percent owner C/O I3 VERTICALS, INC., 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215