Telestone Technologies (Telestone Technologies) Total Inventories : $6.30 Mil (As of Dec. 2012)

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What is Telestone Technologies Total Inventories?

Telestone Technologies's total inventories for the quarter that ended in Dec. 2012 was $6.30 Mil. Telestone Technologies's average total inventories from the quarter that ended in Sep. 2012 to the quarter that ended in Dec. 2012 was $8.23 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Telestone Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was $1.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Telestone Technologies's Days Inventory for the three months ended in Dec. 2012 was 472.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Telestone Technologies's Inventory Turnover for the quarter that ended in Dec. 2012 was 0.19.

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. Telestone Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2012 was 1.49.

Telestone Technologies Total Inventories Historical Data

The historical data trend for Telestone Technologies'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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Telestone Technologies Total Inventories Chart

Telestone Technologies Annual Data

Trend

Dec03

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Dec05

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Dec09

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Dec11

Dec12

Total Inventories

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7.84

4.44

3.12

6.76

6.30

Telestone Technologies Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Total Inventories	Get a 7-Day Free Trial															6.76	9.80	10.71	10.15	6.30

Telestone Technologies 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.

Telestone Technologies (OTCPK:TSTC) 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.

Telestone Technologies's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2012 is

	Net-Net Working Capital Per Share (Q: Dec. 2012 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(8.536	+	0.75 * 221.648	+	0.5 * 6.301	-	153.465
-	0	-	1.464)	/	12.3333
=	1.86

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

Telestone Technologies's Days Inventory for the three months ended in Dec. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2012 )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
	=	8.226	/	1.59	*	365 / 4
	=	472.09

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

Telestone Technologies's Inventory Turnover for the quarter that ended in Dec. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2012 )	/	Average Total Inventories (Q: Dec. 2012 )
	=	1.59	/	8.226
	=	0.19

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.

Telestone Technologies's Inventory to Revenue for the quarter that ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2012 )	/	Revenue (Q: Dec. 2012 )
	=	8.226	/	5.526
	=	1.49

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.

Telestone Technologies Total Inventories Related Terms

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Telestone Technologies (Telestone Technologies) Business Description

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http://www.telestone.com

Telestone Technologies Corp was organized under the laws of the State of Colorado in February 1987 under the name Shield Enterprises, Inc. In August 2004, TSTC reincorporated in the State of Delaware under the name Telestone Technologies Corporation. It provides access network solutions in China. The company's access network solutions include the research and development and application of access-network technology. In addition to its homegrown access-network equipment, which includes repeaters, antennas, and radio-frequency peripherals, the company offers project design, project management, installation, maintenance, and other after sales services to its customers. The company offers WFDS, a next generation wireless distribution system. WFDS is an all-optical network that combines the technologies of both wireless and optical telecommunications. As of December 31, 2011, it completed 499 WFDS installations. The company designs and sells electronic equipment used to provide access-network solutions to its customers. Many of these types of equipment, including WFDS products, RFPA products, passive components and base station antennas for 2G, 3G, Broadband access and CATV networks, are specialized active microwave components designed to meet the needs of its customers.The company provides systems integration services to its customers. The primary systems integration services provided to the company's customers are project design and engineering, specifically, the development and design of indoor and outdoor wireless signal complementary coverage solutions and their applied products. The company also markets its products to 29 countries, including the United States, Vietnam, Mexico, Brazil, Russia, India, the Philippines, Thailand, Ireland, Ecuador, Mongolia, South Africa, Turkey, Indonesia, Colombia, Costa Rica, Argentina, Ukraine, Kazakhstan, Singapore, South Korea, Hong Kong, Saudi Arabia, New Zealand, Bangladesh, the United Arab Emirates, Canada, and Iceland.

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