magicJack VocalTec (magicJack VocalTec) Total Inventories : $2.02 Mil (As of Sep. 2018)

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What is magicJack VocalTec Total Inventories?

magicJack VocalTec's total inventories for the quarter that ended in Sep. 2018 was $2.02 Mil. magicJack VocalTec's average total inventories from the quarter that ended in Jun. 2018 to the quarter that ended in Sep. 2018 was $1.92 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. magicJack VocalTec's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-1.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. magicJack VocalTec's Days Inventory for the three months ended in Sep. 2018 was 25.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. magicJack VocalTec's Inventory Turnover for the quarter that ended in Sep. 2018 was 3.64.

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. magicJack VocalTec's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.10.

magicJack VocalTec Total Inventories Historical Data

The historical data trend for magicJack VocalTec'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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magicJack VocalTec Total Inventories Chart

magicJack VocalTec Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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4.49

5.64

5.72

4.44

1.88

magicJack VocalTec Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Inventories	Get a 7-Day Free Trial															2.05	1.88	1.70	1.83	2.02

magicJack VocalTec 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.

magicJack VocalTec (NAS:CALL) 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.

magicJack VocalTec's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 is

	Net-Net Working Capital Per Share (Q: Sep. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(62.477	+	0.75 * 2.24	+	0.5 * 2.018	-	95.065
-	0	-	0)	/	16.249
=	-1.84

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

magicJack VocalTec's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2018 )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
	=	1.9215	/	6.988	*	365 / 4
	=	25.09

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

magicJack VocalTec's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2018 )	/	Average Total Inventories (Q: Sep. 2018 )
	=	6.988	/	1.9215
	=	3.64

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.

magicJack VocalTec's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	1.9215	/	19.472
	=	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.

magicJack VocalTec Total Inventories Related Terms

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magicJack VocalTec (magicJack VocalTec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » magicJack VocalTec Ltd (NAS:CALL) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.vocaltec.com

magicJack VocalTec Ltd is a cloud communications company. It provides VoIP services including magicJack, magicJack Go and MagicJack Plus. The company owns the United States Wireline-based Telecom company in terms of home phone numbers available and certifications. It also owns softphone, session border controller, app server and chip companies. The company also provides Unified Communication as a Service (UCaaS) for medium-to-large multi-location enterprise customers, through its Broadsmart division.

Executives

Alan B Howe	director	1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
B. Riley Securities, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Bell Don Carlos Iii	director, officer: President and CEO	3713 SOUTHWESTERN BLVD, DALLAS TX 75225
Jose Gordo	officer: Chief Financial Officer	C/O YMAX CORPORATION, 5700 GEORGIA AVENUE, WEST PALM BEACH FL 33405
Adams Street Partners Llc	10 percent owner	ONE NORTH WACKER DRIVE, STE 2700, CHICAGO IL 60606-2807

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