China Auto Logistics (China Auto Logistics) Total Inventories : $13.0 Mil (As of Sep. 2017)

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What is China Auto Logistics Total Inventories?

China Auto Logistics's total inventories for the quarter that ended in Sep. 2017 was $13.0 Mil. China Auto Logistics's average total inventories from the quarter that ended in Jun. 2017 to the quarter that ended in Sep. 2017 was $12.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Auto Logistics's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was $-15.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Auto Logistics's Days Inventory for the three months ended in Sep. 2017 was 9.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Auto Logistics's Inventory Turnover for the quarter that ended in Sep. 2017 was 9.99.

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. China Auto Logistics's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 0.10.

China Auto Logistics Total Inventories Historical Data

The historical data trend for China Auto Logistics'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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China Auto Logistics Total Inventories Chart

China Auto Logistics Annual Data

Trend

Nov07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Total Inventories

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27.14

15.34

16.04

12.16

13.05

China Auto Logistics Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Total Inventories	Get a 7-Day Free Trial															19.38	13.05	12.01	11.97	13.01

China Auto Logistics 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.

China Auto Logistics (OTCPK:CALIQ) 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.

China Auto Logistics's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 is

	Net-Net Working Capital Per Share (Q: Sep. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.743	+	0.75 * 54.271	+	0.5 * 13.007	-	127.716
-	0	-	0.193)	/	4.84039
=	-15.49

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

China Auto Logistics's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2017 )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
	=	12.4885	/	124.705	*	365 / 4
	=	9.14

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

China Auto Logistics's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2017 )	/	Average Total Inventories (Q: Sep. 2017 )
	=	124.705	/	12.4885
	=	9.99

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.

China Auto Logistics's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2017 )	/	Revenue (Q: Sep. 2017 )
	=	12.4885	/	125.232
	=	0.10

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.

China Auto Logistics Total Inventories Related Terms

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China Auto Logistics (China Auto Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Auto Logistics Inc (OTCPK:CALIQ) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

86 Tianbao Avenue, Floor 1 FTZ International Auto Mall, Free Trade Zone, Tianjin, CHN, 300461

Website

http://www.chinaautologisticsinc.com

China Auto Logistics Inc is the wholesaler of imported luxury automobiles. The company's operating segment includes Sales of Automobiles; Financing Services and Other Services. It generates maximum revenue from the Sales of Automobiles segment. Entire revenue from operations of the company is generated in China. The company also delivers logistics services related to the automobile importing process and other automobile value-added services, such as assistance with customs clearance, storage, and nationwide delivery services.