Tesco (TESO) Total Inventories : $77.6 Mil (As of Sep. 2017)

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What is Tesco Total Inventories?

Tesco's total inventories for the quarter that ended in Sep. 2017 was $77.6 Mil. Tesco's average total inventories from the quarter that ended in Jun. 2017 to the quarter that ended in Sep. 2017 was $76.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tesco's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was $2.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tesco's Days Inventory for the three months ended in Sep. 2017 was 157.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tesco's Inventory Turnover for the quarter that ended in Sep. 2017 was 0.58.

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. Tesco's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 1.88.

Tesco Total Inventories Historical Data

The historical data trend for Tesco'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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Tesco Total Inventories Chart

Tesco Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Total Inventories

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124.51

96.87

114.68

95.46

76.23

Tesco Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Total Inventories	Get a 7-Day Free Trial															80.54	76.23	73.59	74.85	77.57

Tesco 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.

Tesco (NAS:TESO) 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.

Tesco's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 is

	Net-Net Working Capital Per Share (Q: Sep. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(64.581	+	0.75 * 44.577	+	0.5 * 77.569	-	38.409
-	0	-	0)	/	46.756
=	2.10

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

Tesco's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2017 )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
	=	76.2075	/	44.038	*	365 / 4
	=	157.91

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

Tesco's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2017 )	/	Average Total Inventories (Q: Sep. 2017 )
	=	44.038	/	76.2075
	=	0.58

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.

Tesco's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2017 )	/	Revenue (Q: Sep. 2017 )
	=	76.2075	/	40.514
	=	1.88

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.

Tesco Total Inventories Related Terms

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Tesco (TESO) Business Description

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http://www.tescocorp.com

Tesco Corp is engaged in designing, manufacturing and service delivery of technology based solutions for the upstream energy industry. Its products and service offerings consist of equipment sales and services to drilling contractors.

Executives

Roy Mcniven	officer: Vice President, TCUS	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Elijio V Serrano	director	24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
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Rose M Robeson	director	370 17TH STREET, SUITE 2775, DENVER CO 80202
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Julio M Quintana	director	3993 W. SAM HOUSTON PARKWAY N., STE. 100, HOUSTON TX 77043
John T Reynolds	director, 10 percent owner	C/O C/O LIME ROCK PARTNERS, 518 RIVER SIDE AVE BLDG 11 2ND FL, WESTPORT CT 06880
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Lrp V Luxembourg Holdings S.a R.l.	10 percent owner	VERTIGO NAOS BUILDING, 6, RUE EUGENE RUPPERT, LUXEMBOURG N4 L-2453
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Nigel M Lakey	officer: Sr. VP, Marketing & Bus. Dev.	10260 WESTHEIMER RD., HOUSTON TX 77042
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Capital Management Oss	10 percent owner	598 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022