Inspire Veterinary Partners (Inspire Veterinary Partners) Total Inventories : $0.55 Mil (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Inspire Veterinary Partners Total Inventories?

Inspire Veterinary Partners's total inventories for the quarter that ended in Mar. 2024 was $0.55 Mil. Inspire Veterinary Partners's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.56 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Inspire Veterinary Partners's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-28.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inspire Veterinary Partners's Days Inventory for the three months ended in Mar. 2024 was 13.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Inspire Veterinary Partners's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.67.

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. Inspire Veterinary Partners's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Inspire Veterinary Partners Total Inventories Historical Data

The historical data trend for Inspire Veterinary Partners'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.

Inspire Veterinary Partners Total Inventories Chart

Inspire Veterinary Partners Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

0.04

0.58

0.57

Inspire Veterinary Partners Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial					0.60	0.70	0.68	0.57	0.55

Inspire Veterinary Partners 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.

Inspire Veterinary Partners (NAS:IVP) 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.

Inspire Veterinary Partners'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)
=	(0.069	+	0.75 * 0.341	+	0.5 * 0.546	-	23.125
-	0	-	0)	/	0.78148
=	-28.83

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

Inspire Veterinary Partners'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
	=	0.559	/	3.726	*	365 / 4
	=	13.69

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

Inspire Veterinary Partners'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 )
	=	3.726	/	0.559
	=	6.67

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.

Inspire Veterinary Partners'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 )
	=	0.559	/	4.832
	=	0.12

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.

Inspire Veterinary Partners Total Inventories Related Terms

Thank you for viewing the detailed overview of Inspire Veterinary Partners's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Inspire Veterinary Partners (Inspire Veterinary Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Inspire Veterinary Partners Inc (NAS:IVP) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

780 Lynnhaven Parkway, Suite 400 Virginia Beach, Virginia, Virginia Beach, VA, USA, 23452

Website

Inspire Veterinary Partners Inc owns and operates veterinary hospitals throughout the United States. The company specializes in small animal general practice hospitals which serve all manner of companion pets, emphasizing canine and feline breeds.

Executives

Alexander Lawrence	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Charles Stith Keiser	director, officer: Chief Operating Officer	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Erinn Thomas-mackey	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Kimball Carr	director, officer: See Remarks	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, VA 23452
Peter Lau	director	P.O. BOX 1237, SPRINGDALE AR 72765
Anne Murphy	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Wilderness Trace Veterinary Partners, Llc	other: See Remarks	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Timothy Watters	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Suprock Louis John	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Richard Frank	officer: Chief Financial Officer	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, FL 23452