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Jinpan International (Jinpan International) Total Inventories : $63.3 Mil (As of Sep. 2015)


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What is Jinpan International Total Inventories?

Jinpan International's total inventories for the quarter that ended in Sep. 2015 was $63.3 Mil. Jinpan International's average total inventories from the quarter that ended in Jun. 2015 to the quarter that ended in Sep. 2015 was $63.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Jinpan International's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was $0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jinpan International's Days Inventory for the three months ended in Sep. 2015 was 113.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jinpan International's Inventory Turnover for the quarter that ended in Sep. 2015 was 0.80.

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. Jinpan International's Inventory-to-Revenue for the quarter that ended in Sep. 2015 was 0.88.


Jinpan International Total Inventories Historical Data

The historical data trend for Jinpan International'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.

Jinpan International Total Inventories Chart

Jinpan International Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.41 36.40 29.82 33.74 49.44

Jinpan International Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 48.69 49.44 57.03 64.41 63.31

Jinpan International 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.


Jinpan International  (NAS:JST) 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.

Jinpan International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 is

Net-Net Working Capital Per Share (Q: Sep. 2015 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(29.771+0.75 * 171.274+0.5 * 63.31-176.425
-0-0)/16.4185
=0.82

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

Jinpan International's Days Inventory for the three months ended in Sep. 2015 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2015 )/Cost of Goods Sold (Q: Sep. 2015 )*Days in Period
=63.8575/51.402*365 / 4
=113.36

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

Jinpan International's Inventory Turnover for the quarter that ended in Sep. 2015 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2015 ) / Average Total Inventories (Q: Sep. 2015 )
=51.402 / 63.8575
=0.80

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.

Jinpan International's Inventory to Revenue for the quarter that ended in Sep. 2015 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2015 ) / Revenue (Q: Sep. 2015 )
=63.8575 / 72.651
=0.88

* 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.


Jinpan International Total Inventories Related Terms

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Jinpan International (Jinpan International) Business Description

Traded in Other Exchanges
N/A
Address
Jinpan International Ltd was incorporated in the British Virgin Islands on April 3, 1997 under the International Business Companies Act of the British Virgin Islands. The Company design, manufacture and sells electrical power control and distribution equipment that are used in commercial, industrial, and infrastructural applications. Its product lines include cast resin transformers, VPI transformers, VPI line reactors, switchgears and unit substations. Its manufactures low and medium voltage switchgear products under license from Schneider. It also manufactures switchgears, Vacuum Pressure Impregnated (VPI) reactors and transformers, and unit substations. The Company offers switchgear products for general power distribution and for specialized infrastructural and industrial applications. The two main categories of dry type transformers that currently dominate the market are cast resin and open ventilated dry type transformers. Cast resin dry type transformers are predominant in Europe, Japan, and newly developed markets in Asia, including China. Open ventilated dry type transformers are widely used in North America. The Company manufactures medium and low voltage switchgear products for the China market. They use sheet metal to manufacture switchgear enclosures, coat the enclosure, and assemble switchgears using components from brand name suppliers such as Siemens and Schneider. The Company owns the rights to the trademark 'JST,' which is registered with the Trademark Bureau of the State Administration of Industry and Commerce in China.

Jinpan International (Jinpan International) Headlines

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