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DST Systems's total inventories for the quarter that ended in Dec. 2017 was $0 Mil. DST Systems's average total inventories from the quarter that ended in Sep. 2017 to the quarter that ended in Dec. 2017 was $0 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. DST Systems's Net-Net Working Capital per share for the quarter that ended in Dec. 2017 was $-22.66.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DST Systems's Days Inventory for the three months ended in Dec. 2017 was 0.00.
Inventory Turnover measures how fast the company turns over its inventory within a year.
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. DST Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2017 was 0.00.
The historical data trend for DST Systems'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.
DST Systems Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
DST Systems Quarterly Data | ||||||||||||||||||||
Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
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.
DST Systems (NYSE:DST) 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.
DST Systems's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2017 is
Net-Net Working Capital Per Share (Q: Dec. 2017 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (80.5 | + | 0.75 * 363.8 | + | 0.5 * 0 | - | 1697 |
- | 0 | - | 0) | / | 59.3 | ||
= | -22.66 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
DST Systems's Days Inventory for the three months ended in Dec. 2017 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2017 ) | / | Cost of Goods Sold (Q: Dec. 2017 ) | * | Days in Period |
= | 0 | / | 481.3 | * | 365 / 4 | |
= | 0.00 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
DST Systems's Inventory Turnover for the quarter that ended in Dec. 2017 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2017 ) | / | Average Total Inventories (Q: Dec. 2017 ) |
= | 481.3 | / | 0 | |
= | N/A |
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.
DST Systems's Inventory to Revenue for the quarter that ended in Dec. 2017 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2017 ) | / | Revenue (Q: Dec. 2017 ) |
= | 0 | / | 593.9 | |
= | 0.00 |
* 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.
Thank you for viewing the detailed overview of DST Systems's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Samuel G Liss | director | VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310 |
Gary D Forsee | director | C/O INGERSOLL-RAND COMPANY, 155 CHESTNUT RIDGE ROAD, MONTVALE NJ 07645 |
Joseph C Antonellis | director | STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111 |
Charles E Haldeman | director | C/O JBG/OPERATING PARTNERS, L.P., 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815 |
Edmund J Burke | officer: President of Subsidiary | 1290 BROADWAY, SUITE 1100, DENVER CO 80203 |
Lynn Dorsey Bleil | director | 333 WEST 11TH STREET, KANSAS CITY MO 64105 |
Stephen C Hooley | director, officer: Chairman, CEO & President | 2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015 |
A Edward Allinson | director | STATE STREET BOSTON CORP 225 FRANKLIN STREET BOSTON MA 02110 |
John W Clark | director | 949 SOUTH COAST DRIVE, SUITE 650, COSTA MESA CA 92626 |
George L Argyros | director | ARNEL & AFFILIATES, 949 SOUTH COAST DR SUITE 600, COSTA MESA CA 92626 |
Lawrence M Higby | director | C/O APRIA HEALTHCARE GROUP INC, 26220 ENTERPRISE COURT, LAKE FOREST CA 92630 |
Thomas A Mcdonnell | director, officer: CEO & Director | C/O KANSAS CITY SOUTHERN, 427 W 12TH STREET, KANSAS CITY MO 64105 |
M Jeannine Strandjord | other: Retired Director as of 5/9/12 | |
William C Nelson | director | 6521 WE NONGA TERRACE, MISSION HILLS KY 66208 |
Thomas A Mccullough | director | C/O DST SYSTEMS, 333 WEST 11TH ST 5TH FL, KANSAS CITY MO 64105 |
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