Terra Nitrogen Co LP (Terra Nitrogen Co LP) Total Inventories : $5.3 Mil (As of Dec. 2017)

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What is Terra Nitrogen Co LP Total Inventories?

Terra Nitrogen Co LP's total inventories for the quarter that ended in Dec. 2017 was $5.3 Mil. Terra Nitrogen Co LP's average total inventories from the quarter that ended in Sep. 2017 to the quarter that ended in Dec. 2017 was $5.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Terra Nitrogen Co LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2017 was $2.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Terra Nitrogen Co LP's Days Inventory for the three months ended in Dec. 2017 was 8.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Terra Nitrogen Co LP's Inventory Turnover for the quarter that ended in Dec. 2017 was 10.28.

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. Terra Nitrogen Co LP's Inventory-to-Revenue for the quarter that ended in Dec. 2017 was 0.06.

Terra Nitrogen Co LP Total Inventories Historical Data

The historical data trend for Terra Nitrogen Co LP'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.

Terra Nitrogen Co LP Total Inventories Chart

Terra Nitrogen Co LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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5.90

9.60

10.70

8.60

5.30

Terra Nitrogen Co LP Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Total Inventories	Get a 7-Day Free Trial															8.60	5.00	11.40	6.00	5.30

Terra Nitrogen Co LP 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.

Terra Nitrogen Co LP (NYSE:TNH) 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.

Terra Nitrogen Co LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2017 is

	Net-Net Working Capital Per Share (Q: Dec. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(81.5	+	0.75 * 0.9	+	0.5 * 5.3	-	35.8
-	0	-	0)	/	18.6856
=	2.62

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

Terra Nitrogen Co LP's Days Inventory for the three months ended in Dec. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2017 )	/	Cost of Goods Sold (Q: Dec. 2017 )	*	Days in Period
	=	5.65	/	58.1	*	365 / 4
	=	8.87

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

Terra Nitrogen Co LP's Inventory Turnover for the quarter that ended in Dec. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2017 )	/	Average Total Inventories (Q: Dec. 2017 )
	=	58.1	/	5.65
	=	10.28

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.

Terra Nitrogen Co LP's Inventory to Revenue for the quarter that ended in Dec. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2017 )	/	Revenue (Q: Dec. 2017 )
	=	5.65	/	97.5
	=	0.06

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.

Terra Nitrogen Co LP Total Inventories Related Terms

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Terra Nitrogen Co LP (Terra Nitrogen Co LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Terra Nitrogen Co LP (NYSE:TNH) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

Website

http://www.cfindustries.com

Terra Nitrogen Co LP is a limited partnership company producing nitrogen fertilizer products. Its principal products anhydrous ammonia and urea ammonium nitrate solutions are manufactured at its facility in Verdigris, Oklahoma. The company's operations are conducted through a partnership with Terra Nitrogen, Limited Partnership, and Terra Nitrogen GP Inc.

Executives

Michael A Jackson	director
Anne H Lloyd	director
Susan L Menzel	officer: Sr. VP, Human Resources	C/O CF INDUSTRIES HOLDINGS, INC., FOUR PARKWAY NORTH, DEERFIELD IL 60015
Christopher D Bohn	officer: VP, Supply Chain	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Adam L Hall	officer: VP, Corporate Development	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Dennis P. Kelleher	director, officer: Sr Vice President and CFO	C/O CF INDUSTRIES HOLDINGS, INC, 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Theodore D Sands	director	CITYPLACE ONE SUITE 300, ARCH MINERAL CORP, CREVE COEUR MO 63141
Jablow Spertus Wendy S	officer: VP, Human Resources	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Anthony J Nocchiero	director, officer: Senior Vice President and CFO	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Lynn F White	officer: VP, Corporate Development	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Philipp P Koch	officer: VP, Supply Chain	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
Stephen R Wilson	director, officer: Chairman, President, and CEO	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
Douglas C Barnard	officer: VP, GC, and Corp. Secretary	C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
W Anthony Will	officer: VP, Manufacturing and Dist.	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Richard A Hoker	officer: VP and Corporate Controller	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015