Merus Labs International (Merus Labs International) Total Inventories : $11.53 Mil (As of Mar. 2017)

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What is Merus Labs International Total Inventories?

Merus Labs International's total inventories for the quarter that ended in Mar. 2017 was $11.53 Mil. Merus Labs International's average total inventories from the quarter that ended in Dec. 2016 to the quarter that ended in Mar. 2017 was $11.46 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Merus Labs International's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was $-0.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Merus Labs International's Days Inventory for the three months ended in Mar. 2017 was 166.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Merus Labs International's Inventory Turnover for the quarter that ended in Mar. 2017 was 0.55.

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. Merus Labs International's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.68.

Merus Labs International Total Inventories Historical Data

The historical data trend for Merus Labs 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.

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Merus Labs International Total Inventories Chart

Merus Labs International Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Total Inventories

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2.23

1.13

2.37

5.13

9.69

Merus Labs International Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Total Inventories	Get a 7-Day Free Trial															6.33	8.53	9.69	11.39	11.53

Merus Labs 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.

Merus Labs International (NAS:MSLI) 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.

Merus Labs International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 is

	Net-Net Working Capital Per Share (Q: Mar. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.979	+	0.75 * 0	+	0.5 * 11.531	-	121.077
-	0	-	0)	/	117.345
=	-0.97

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

Merus Labs International's Days Inventory for the three months ended in Mar. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2017 )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
	=	11.459	/	6.294	*	365 / 4
	=	166.13

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

Merus Labs International's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2017 )	/	Average Total Inventories (Q: Mar. 2017 )
	=	6.294	/	11.459
	=	0.55

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.

Merus Labs International's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2017 )	/	Revenue (Q: Mar. 2017 )
	=	11.459	/	16.918
	=	0.68

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.

Merus Labs International Total Inventories Related Terms

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Merus Labs International (Merus Labs International) Business Description

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http://www.meruslabs.com

Merus Labs International Inc was incorporated on October 1, 2012 in British Columbia. The Company is a specialty pharmaceutical company. It acquires prescription medicines in various categories which include on patent but at maturity stage of product life cycle; branded generics; under promoted products; Niche market pharmaceuticals; and products with annual sales below critical threshold for large pharma. The Company competes with multinational pharmaceutical development corporations to small, single product companies that may limit their activities to a particular therapeutic area or region or territory.

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