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Steiner Leisure's total inventories for the quarter that ended in Sep. 2015 was $54.9 Mil. Steiner Leisure's average total inventories from the quarter that ended in Jun. 2015 to the quarter that ended in Sep. 2015 was $55.2 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Steiner Leisure's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was $-17.45.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Steiner Leisure's Days Inventory for the three months ended in Sep. 2015 was 28.09.
Inventory Turnover measures how fast the company turns over its inventory within a year. Steiner Leisure's Inventory Turnover for the quarter that ended in Sep. 2015 was 3.25.
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. Steiner Leisure's Inventory-to-Revenue for the quarter that ended in Sep. 2015 was 0.24.
The historical data trend for Steiner Leisure'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.
Steiner Leisure Annual Data | |||||||||||||||||||||
Trend | Dec05 | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 51.91 | 52.65 | 51.29 | 60.49 | 52.10 |
Steiner Leisure 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 | 58.51 | 52.10 | 53.51 | 55.57 | 54.86 |
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.
Steiner Leisure (NAS:STNR) 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.
Steiner Leisure'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) | ||
= | (54.404 | + | 0.75 * 76.333 | + | 0.5 * 54.861 | - | 363.179 |
- | 0 | - | 0) | / | 12.839 | ||
= | -17.45 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Steiner Leisure'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 |
= | 55.215 | / | 179.377 | * | 365 / 4 | |
= | 28.09 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Steiner Leisure'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 ) |
= | 179.377 | / | 55.215 | |
= | 3.25 |
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.
Steiner Leisure'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 ) |
= | 55.215 | / | 227.405 | |
= | 0.24 |
* 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.
Thank you for viewing the detailed overview of Steiner Leisure's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Lazar | officer: VP - Finance and CAO | 770 SOUTH DIXIE HIGHWAY #200, CORAL CABLES FL 33146 |
Cynthia R Cohen | director | 1401 BRICKELL AVENUE, SUITE 640, C/O STRATEGIC MINDSHARE, MIAMI FL 33131 |
Denise Dickins | director | 1867 TRAVIS CIRCLE, WEST PALM BEACH FL 33406 |
David Harris | director | 237 PARK AVENUE - SUITE 900, NEW YORK NY 10017 |
Leonard I Fluxman | director, officer: President & CEO | STEINER LEISURE LIMITED, 770 S DIXIE HIGHWAY SUITE 200, CORAL GABLES FL 33146 |
Stephen Lazarus | officer: COO & CFO | C/O STEINER MANAGEMENT SERVICES, 770 S. DIXIE HWY. #200, CORAL GABLES FL 33145 |
Glenn Fusfield | officer: Pres & COO- Steiner Transocean | STEINER LEISURE LTD, 770 SOUTH DIXIE HIGHWAY SUITE 200, CORAL GABLES FL 33146 |
Jonathan D Mariner | director | 2200 WEST DON TYSON PARKWAY, SPRINGDALE AR 72762 |
Steiner Leisure Ltd | officer: EVP - Steiner Education Group | STE 104A, SAFFREY SQ, NASSAU C5 00000 |
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