Premier Exhibitions (Premier Exhibitions) Total Inventories : $1.00 Mil (As of Aug. 2015)

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What is Premier Exhibitions Total Inventories?

Premier Exhibitions's total inventories for the quarter that ended in Aug. 2015 was $1.00 Mil. Premier Exhibitions's average total inventories from the quarter that ended in May. 2015 to the quarter that ended in Aug. 2015 was $1.05 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Premier Exhibitions's Net-Net Working Capital per share for the quarter that ended in Aug. 2015 was $-6.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Premier Exhibitions's Days Inventory for the three months ended in Aug. 2015 was 16.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Premier Exhibitions's Inventory Turnover for the quarter that ended in Aug. 2015 was 5.39.

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. Premier Exhibitions's Inventory-to-Revenue for the quarter that ended in Aug. 2015 was 0.16.

Premier Exhibitions Total Inventories Historical Data

The historical data trend for Premier Exhibitions'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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Premier Exhibitions Total Inventories Chart

Premier Exhibitions Annual Data

Trend

Feb06

Feb07

Feb08

Feb09

Feb10

Feb11

Feb12

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Feb15

Total Inventories

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0.75

1.08

1.21

1.13

Premier Exhibitions Quarterly Data
	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15
Total Inventories	Get a 7-Day Free Trial															1.15	1.19	1.13	1.10	1.00

Premier Exhibitions 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.

Premier Exhibitions (OTCPK:PRXIQ) 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.

Premier Exhibitions's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2015 is

	Net-Net Working Capital Per Share (Q: Aug. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.606	+	0.75 * 0.886	+	0.5 * 0.997	-	32.212
-	0	-	1.021)	/	4.91722
=	-6.20

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

Premier Exhibitions's Days Inventory for the three months ended in Aug. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2015 )	/	Cost of Goods Sold (Q: Aug. 2015 )	*	Days in Period
	=	1.049	/	5.656	*	365 / 4
	=	16.92

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

Premier Exhibitions's Inventory Turnover for the quarter that ended in Aug. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2015 )	/	Average Total Inventories (Q: Aug. 2015 )
	=	5.656	/	1.049
	=	5.39

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.

Premier Exhibitions's Inventory to Revenue for the quarter that ended in Aug. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2015 )	/	Revenue (Q: Aug. 2015 )
	=	1.049	/	6.739
	=	0.16

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.

Premier Exhibitions Total Inventories Related Terms

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Premier Exhibitions (Premier Exhibitions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Premier Exhibitions Inc (OTCPK:PRXIQ) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

3045 Kingston Court, Suite I, Peachtree Corners, GA, USA, 30071

Website

http://www.prxi.com

Premier Exhibitions Inc is engaged in providing leisure services. It develops and sets up tourism-related exhibitions for the purpose of education and entertainment. The company's exhibitions present opportunities to experience compelling stories using authentic objects and artifacts in diverse environments. Its exhibitions are presented in museums, exhibition centers, and other entertainment venues. The company's services include content development, exhibit design, brand development, space planning and detailed fabrication drawings. It also offers merchandising services.

Executives

Alta Fundamental Advisers Llc	10 percent owner	1500 BROADWAY, SUITE 704, NEW YORK NY 10036
Sellers Capital Llc	other: See Remarks	311 S WACKER DR STE 925 CHICAGO IL 60606
Sellers Capital Master Fund, Ltd.	other: See Remarks	C/O M&C CORPORATE SERVICES, UGLAND HOUSE S. CHURCH ST, PO BOX 309 GT GEORGE TOWN, GRAND CAYMAN E9 CAYMAN
Mark A Sellers	other: See Remarks	SELLERS CAPITAL 161 N CLARK ST STE 4700 CHICAGO IL 60601
Mingcheng Tao	director	3340 PEACHTREE ROAD NE, SUITE 900, ATLANTA GA 30326
Jack H Jacobs	director	101 OAKS ROAD, MILLINGTON NJ 07946
Richard Kraniak	director
Mark Mcgowan	director	C/O COMBIMATRIX CORPORATION, 6500 HARBOUR HEIGHTS PARKWAY, SUITE 303, MUKILTEO WA 98275
Bruce David Eskowitz	director, officer: President and CEO	202 N. CRESCENT DRIVE #1, BEVERLY HILLS CA 96210
Joseph B Marsh	10 percent owner	605 SURFSIDE DRIVE AKRON OH 44317