VisionChina Media (VisionChina Media) Total Inventories : $0.00 Mil (As of Sep. 2016)

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What is VisionChina Media Total Inventories?

VisionChina Media's total inventories for the quarter that ended in Sep. 2016 was $0.00 Mil. VisionChina Media's average total inventories from the quarter that ended in Dec. 2015 to the quarter that ended in Sep. 2016 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. VisionChina Media's Net-Net Working Capital per share for the quarter that ended in Sep. 2016 was $-5.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VisionChina Media's Days Inventory for the three months ended in Sep. 2016 was 0.00.

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

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. VisionChina Media's Inventory-to-Revenue for the quarter that ended in Sep. 2016 was 0.00.

VisionChina Media Total Inventories Historical Data

The historical data trend for VisionChina Media'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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VisionChina Media Total Inventories Chart

VisionChina Media Annual Data

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Total Inventories

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VisionChina Media Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Sep16
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

VisionChina Media 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.

VisionChina Media (NAS:VISN) 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.

VisionChina Media's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2016 is

	Net-Net Working Capital Per Share (Q: Sep. 2016 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(29.972	+	0.75 * 27.566	+	0.5 * 0	-	131.633
-	0	-	19.044)	/	16.718
=	-5.98

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

VisionChina Media's Days Inventory for the three months ended in Sep. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2016 )	/	Cost of Goods Sold (Q: Sep. 2016 )	*	Days in Period
	=	0	/	11.584	*	365 / 4
	=	0.00

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

VisionChina Media's Inventory Turnover for the quarter that ended in Sep. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2016 )	/	Average Total Inventories (Q: Sep. 2016 )
	=	11.584	/	0
	=	N/A

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.

VisionChina Media's Inventory to Revenue for the quarter that ended in Sep. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2016 )	/	Revenue (Q: Sep. 2016 )
	=	0	/	12.791
	=	0.00

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.

VisionChina Media Total Inventories Related Terms

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VisionChina Media (VisionChina Media) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » VisionChina Media Inc (NAS:VISN) » Definitions » Total Inventories

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Website

http://www.visionchina.cn

VisionChina operates a real-time advertising network through mobile digital TV displays in mass transportation systems in affluent Chinese cities. The company partners with local mobile and subway TVs either through long-term exclusive agency agreements or joint ventures to offer nationwide advertising services for advertisers. Its advertising network currently covers bus systems in 16 Tier 1 and Tier 2 cities as well as subway systems in three Tier 1 cities.

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