eFuture Holding (eFuture Holding) Total Inventories : $6.49 Mil (As of Sep. 2016)

View and export this data going back to 2006. Start your Free Trial

What is eFuture Holding Total Inventories?

eFuture Holding's total inventories for the quarter that ended in Sep. 2016 was $6.49 Mil. eFuture Holding's average total inventories from the quarter that ended in Jun. 2016 to the quarter that ended in Sep. 2016 was $5.88 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. eFuture Holding's Net-Net Working Capital per share for the quarter that ended in Sep. 2016 was $-0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. eFuture Holding's Days Inventory for the three months ended in Sep. 2016 was 184.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. eFuture Holding's Inventory Turnover for the quarter that ended in Sep. 2016 was 0.49.

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. eFuture Holding's Inventory-to-Revenue for the quarter that ended in Sep. 2016 was 1.19.

eFuture Holding Total Inventories Historical Data

The historical data trend for eFuture Holding'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.

eFuture Holding Total Inventories Chart

eFuture Holding Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Total Inventories

Get a 7-Day Free Trial

4.41

3.10

3.28

2.35

2.38

eFuture Holding Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Total Inventories	Get a 7-Day Free Trial															6.95	2.38	3.91	5.26	6.49

eFuture Holding 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.

eFuture Holding (NAS:EFUT) 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.

eFuture Holding's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2016 is

	Net-Net Working Capital Per Share (Q: Sep. 2016 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.275	+	0.75 * 5.625	+	0.5 * 6.493	-	16.158
-	0	-	0)	/	5.26346
=	-0.65

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

eFuture Holding's Days Inventory for the three months ended in Sep. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2016 )	/	Cost of Goods Sold (Q: Sep. 2016 )	*	Days in Period
	=	5.878	/	2.9	*	365 / 4
	=	184.95

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

eFuture Holding's Inventory Turnover for the quarter that ended in Sep. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2016 )	/	Average Total Inventories (Q: Sep. 2016 )
	=	2.9	/	5.878
	=	0.49

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.

eFuture Holding's Inventory to Revenue for the quarter that ended in Sep. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2016 )	/	Revenue (Q: Sep. 2016 )
	=	5.878	/	4.948
	=	1.19

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.

eFuture Holding Total Inventories Related Terms

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

eFuture Holding (eFuture Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » eFuture Holding Inc (NAS:EFUT) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.e-future.com.cn

E-Future Information Technology, Inc., established under the Cayman Islands Companies Law on November 2, 2000. The Company changed its name from 'e-Future Information Technology Inc.' to 'eFuture Information Technology Inc.' in December 2008. It provides software and services to China's retail and consumer goods industries. It offers one-stop, end-to-end integrated portfolio of software and services from factory to consumer on seven verticals: Fast Moving Consumer Goods (FMCG), Department Store, Shopping Mall, Grocery, Logistics, Specialty Store and Online Retailers. Its clients include manufacturers, distributors, resellers, logistics companies and retailers. The Company's client base encompasses corporations such as Procter & Gamble, Pepsi, L'Oreal, Kimberly-Clark, Gucci and B&Q as well as Chinese companies. The Company has three business lines: software, professional services and cloud service. Its software solutions include the management of merchandizing, distribution, warehousing, supply chains, customer relationships, logistics and points of sale. It consists of three deployable groups of products: Foundation Solutions, Collaborative Solutions and Intelligent Solutions. Foundation Solutions - are used to meet client needs for services such as retail management, point of sale ('POS'), distribution management, logistics management, warehouse management, vendor payment and control and loyalty card management. Collaborative Solutions - are used to meet client needs for services such as visual SCM and visual process management systems. Depending on the type of customer and their needs, clients use a variety of Collaborative Solutions. Intelligent Solutions - are used to meet client needs for services such as business intelligence, brand analysis, supplier relationship management and customer relationship management systems. Professional Services includes recurring maintenance and support services on existing software installations, delivery services, consulting services and outsourcing services. Maintenance and Support Service - is provided following the installation of its software solutions, as clients will typically require ongoing maintenance support and software upgrades to ensure the efficient operation of their system. Consulting Service - is provided by its consulting services group which consists of business consultants, systems analysts and technical personnel. Outsourcing Service - is flexible by design to meet its clients' changing requirements. Cloud Service consists of cloud services based on cloud computing architecture, such as Salesforce Automation. Its regional service centers in Beijing, Shanghai, Guangzhou, Wuhan, Qingdao, Xi'an, Fuzhou, Hangzhou, Nanjing, Chongqing and Shenzhen.