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Emtec (ETEC) Total Inventories : $4.0 Mil (As of Feb. 2013)


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What is Emtec Total Inventories?

Emtec's total inventories for the quarter that ended in Feb. 2013 was $4.0 Mil. Emtec's average total inventories from the quarter that ended in Nov. 2012 to the quarter that ended in Feb. 2013 was $3.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Emtec's Net-Net Working Capital per share for the quarter that ended in Feb. 2013 was $-2.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Emtec's Days Inventory for the three months ended in Feb. 2013 was 8.53.

Inventory Turnover measures how fast the company turns over its inventory within a year. Emtec's Inventory Turnover for the quarter that ended in Feb. 2013 was 10.69.

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. Emtec's Inventory-to-Revenue for the quarter that ended in Feb. 2013 was 0.08.


Emtec Total Inventories Historical Data

The historical data trend for Emtec'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.

Emtec Total Inventories Chart

Emtec Annual Data
Trend Mar03 Mar04 Mar05 Aug06 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 4.41 1.52 1.34 2.35

Emtec Quarterly Data
May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13
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 Premium Member Only 0.99 1.25 2.35 2.49 3.96

Emtec 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.


Emtec  (OTCPK:ETEC) 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.

Emtec's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2013 is

Net-Net Working Capital Per Share (Q: Feb. 2013 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.499+0.75 * 23.821+0.5 * 3.957-60.825
-0-0)/18.2144
=-2.22

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

Emtec's Days Inventory for the three months ended in Feb. 2013 is calculated as:

Days Inventory=Average Total Inventories (Q: Feb. 2013 )/Cost of Goods Sold (Q: Feb. 2013 )*Days in Period
=3.2225/34.458*365 / 4
=8.53

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

Emtec's Inventory Turnover for the quarter that ended in Feb. 2013 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Feb. 2013 ) / Average Total Inventories (Q: Feb. 2013 )
=34.458 / 3.2225
=10.69

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.

Emtec's Inventory to Revenue for the quarter that ended in Feb. 2013 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Feb. 2013 ) / Revenue (Q: Feb. 2013 )
=3.2225 / 41.868
=0.08

* 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.


Emtec Total Inventories Related Terms

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Emtec (ETEC) Business Description

Traded in Other Exchanges
N/A
Address
150 North Radnor Chester Road, Suite F200, Radnor, PA, USA, 19087
Emtec Inc is an information technology consultant. It provides consulting, application services and infrastructure services to commercial and public sector clients. The company offers advisory services in the areas of profitability and cost management, project management, and organizational change management, as well as cloud technologies preparation services.
Executives
Gregory L Cowan director 1717 ARCH STREET, 35TH FLOOR, PHILADELPHIA PA 19103
Gregory P Chandler director, 10 percent owner, officer: CFO 309 FELLOWSHIP ROAD, SUITE 210, MT. LAUREL NJ 08054

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