STR Holdings (STR Holdings) Total Inventories

: $1.12 Mil (As of Sep. 2019)

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STR Holdings's total inventories for the quarter that ended in Sep. 2019 was $1.12 Mil. STR Holdings's average total inventories from the quarter that ended in Jun. 2019 to the quarter that ended in Sep. 2019 was $1.13 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. STR Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was $-0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. STR Holdings's Days Inventory for the three months ended in Sep. 2019 was 49.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. STR Holdings's Inventory Turnover for the quarter that ended in Sep. 2019 was 1.85.

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. STR Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.92.

STR Holdings Total Inventories Historical Data

The historical data trend for STR Holdings'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.

STR Holdings Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Total Inventories

8.25

4.81

1.85

1.11

1.81

STR Holdings Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Total Inventories																1.10	1.81	1.69	1.15	1.12

STR Holdings 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.

STR Holdings (OTCPK:STRI) 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.

STR Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 is

	Net-Net Working Capital Per Share (Q: Sep. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.914	+	0.75 * 0.718	+	0.5 * 1.115	-	9.125
-	0	-	0)	/	20.152
=	-0.15

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

STR Holdings's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	1.1325	/	2.097	*	365 / 4
	=	49.28

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

STR Holdings's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2019 )	/	Average Total Inventories (Q: Sep. 2019 )
	=	2.097	/	1.1325
	=	1.85

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.

STR Holdings's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	1.1325	/	1.235
	=	0.92

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.

STR Holdings Total Inventories Related Terms

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STR Holdings (STR Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » STR Holdings Inc (OTCPK:STRI) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Water Street, Enfield, CT, USA, 06082

Website

https://www.strsolar.com

STR Holdings Inc is a U.S based holding company. It is a provider of encapsulants to the solar industry. Encapsulant is a component used to protect solar cells and hold solar modules together. It has developed ethylene-vinyl acetate (EVA)-based encapsulants for use in commercial solar module manufacturing. The company's encapsulant formulations offer a range of properties and processing attributes, including various curing times and temperatures that align with the requirements of its customers' individual lamination processes and module constructions.

Executives

John A. Janitz	director	6644 CORNERSTONE LANE, ROCHESTER HILLS MI 48306
Andrew M Leitch	director	6615 CALLE PONTE BELLA, RANCHO SANTA FE CA 92091
Andrew Africk	director
Alan N Forman	officer: Senior VP & Gen. Counsel	21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Riley Investment Management Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 810, LOS ANGELES CA 90025
Riley Investment Partners Lp	10 percent owner	11100 SANTA MONICA BLVD STE 810, LOS ANGELES CA 90025
Dominick Schiano	director	30275 OAKLEAF LANE, FRANKLIN MI 48025
B. Riley & Co., Llc	10 percent owner	11100 SANTA MONICA BLVD., STE. 800, LOS ANGELES CA 90025
Bryant R Riley	10 percent owner	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Suisse Ag/ Credit	10 percent owner	PARADEPLATZ 8, ZURICH V8 CH 8001
Susan C Schnabel	director	C/O CREDIT SUISSE FIRST BOSTON, 11 MADISON AVE, NEW YORK NY 10010
Red Mountain Partners, L.p.	10 percent owner	10100 SANTA MONICA BOULEVARD, SUITE 925, LOS ANGELES CA 90067
Red Mountain Capital Management Inc	other: Please refer to Remarks below.	10100 SANTA MONICA BOULEVARD, SUITE 925, LOS ANGELES CA 90067
Rmcp Gp Llc	other: Please refer to Remarks below.	1999 AVENUE OF THE STARS, SUITE 1100, LOS ANGELES CA 90067
Red Mountain Capital Partners Llc	other: Please refer to Remarks below.	1999 AVENUE OF THE STARS, SUITE 1100, LOS ANGELES CA 90067