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Belle International Holdings (Belle International Holdings) Total Inventories : $1,147 Mil (As of Feb. 2017)


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What is Belle International Holdings Total Inventories?

Belle International Holdings's total inventories for the quarter that ended in Feb. 2017 was $1,147 Mil. Belle International Holdings's average total inventories from the quarter that ended in Aug. 2016 to the quarter that ended in Feb. 2017 was $1,154 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Belle International Holdings's Net-Net Working Capital per share for the quarter that ended in Feb. 2017 was $0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Belle International Holdings's Days Inventory for the six months ended in Feb. 2017 was 143.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. Belle International Holdings's Inventory Turnover for the quarter that ended in Feb. 2017 was 1.27.

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. Belle International Holdings's Inventory-to-Revenue for the quarter that ended in Feb. 2017 was 0.36.


Belle International Holdings Total Inventories Historical Data

The historical data trend for Belle International Holdings'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.

Belle International Holdings Total Inventories Chart

Belle International Holdings Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Feb14 Feb15 Feb16 Feb17
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,306.33 1,080.41 1,015.61 1,049.97 1,146.67

Belle International Holdings Semi-Annual Data
Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17
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 1,015.61 1,106.99 1,049.97 1,161.59 1,146.67

Belle International Holdings 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.


Belle International Holdings  (OTCPK:BELLF) 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.

Belle International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2017 is

Net-Net Working Capital Per Share (Q: Feb. 2017 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(522.593+0.75 * 535.622+0.5 * 1146.665-745.626
-0-21.763)/8434.23
=0.09

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

Belle International Holdings's Days Inventory for the six months ended in Feb. 2017 is calculated as:

Days Inventory=Average Total Inventories (Q: Feb. 2017 )/Cost of Goods Sold (Q: Feb. 2017 )*Days in Period
=1154.1255/1463.127*365 / 2
=143.96

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

Belle International Holdings's Inventory Turnover for the quarter that ended in Feb. 2017 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Feb. 2017 ) / Average Total Inventories (Q: Feb. 2017 )
=1463.127 / 1154.1255
=1.27

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.

Belle International Holdings's Inventory to Revenue for the quarter that ended in Feb. 2017 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Feb. 2017 ) / Revenue (Q: Feb. 2017 )
=1154.1255 / 3228.885
=0.36

* 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.


Belle International Holdings Total Inventories Related Terms

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Belle International Holdings (Belle International Holdings) Business Description

Traded in Other Exchanges
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Address
Belle International is China's largest women's footwear retailer. Founded in 1992, and headquartered in Hong Kong, Belle owns six of China's top 10 women's footwear brands, commanding as much as 25% market share in fiscal 2013. In addition to the manufacturing and distribution of female footwear, Belle also distributes major sportswear products, including Nike and Adidas.

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