American Biltrite (American Biltrite) Total Inventories : $39.5 Mil (As of Dec. 2011)

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What is American Biltrite Total Inventories?

American Biltrite's total inventories for the quarter that ended in Dec. 2011 was $39.5 Mil. American Biltrite's average total inventories from the quarter that ended in Sep. 2011 to the quarter that ended in Dec. 2011 was $41.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. American Biltrite's Net-Net Working Capital per share for the quarter that ended in Dec. 2011 was $-1,139.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Biltrite's Days Inventory for the three months ended in Dec. 2011 was 96.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. American Biltrite's Inventory Turnover for the quarter that ended in Dec. 2011 was 0.94.

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. American Biltrite's Inventory-to-Revenue for the quarter that ended in Dec. 2011 was 0.82.

American Biltrite Total Inventories Historical Data

The historical data trend for American Biltrite'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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American Biltrite Total Inventories Chart

American Biltrite Annual Data

Trend

Dec02

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Dec04

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Dec07

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Dec09

Dec10

Dec11

Total Inventories

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43.34

79.08

32.97

38.61

39.46

American Biltrite Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Total Inventories	Get a 7-Day Free Trial															38.61	41.63	42.89	43.92	39.46

American Biltrite 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.

American Biltrite (OTCPK:ABLT) 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.

American Biltrite's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2011 is

	Net-Net Working Capital Per Share (Q: Dec. 2011 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.379	+	0.75 * 20.087	+	0.5 * 39.46	-	76.493
-	0	-	0.943)	/	0.03447
=	-1,139.01

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

American Biltrite's Days Inventory for the three months ended in Dec. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2011 )	/	Cost of Goods Sold (Q: Dec. 2011 )	*	Days in Period
	=	41.689	/	39.377	*	365 / 4
	=	96.61

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

American Biltrite's Inventory Turnover for the quarter that ended in Dec. 2011 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2011 )	/	Average Total Inventories (Q: Dec. 2011 )
	=	39.377	/	41.689
	=	0.94

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.

American Biltrite's Inventory to Revenue for the quarter that ended in Dec. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2011 )	/	Revenue (Q: Dec. 2011 )
	=	41.689	/	51.095
	=	0.82

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.

American Biltrite Total Inventories Related Terms

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American Biltrite (American Biltrite) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » American Biltrite Inc (OTCPK:ABLT) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

57 River Street, Suite 302, Wellesley Hills, MA, USA, 02481-2097

Website

http://www.ambilt.com

American Biltrite Inc is engaged in providing flooring products, tape products, jewelry, and rubber products globally. It offers all the products from its operating divisions, Tape Division, K&M Associates L.P., and American Biltrite (Canada) Ltd. The Tape products division provides specialized pressure-sensitive tapes, films, and protective sheeting. American Biltrite (Canada) Ltd manufactures and distributes commercial flooring and performance sheet rubber throughout North America. K&M Associates L.P. supplies fashion jewelry and sells branded and private-label products to a wide range of retail customers.

Executives

Mark N Kaplan	director	C/O AUTOWEB, INC. 6410 OAK CANYON, SUITE 250 IRVINE CA 92618
Mark S Newman	director	DRS TECHNOLOGIES, INC., 5 SYLVAN WAY, PARSIPPANY NJ 07054
Kenneth I Watchmaker	director
Frederick H Joseph	director	93 ABBOT STREET, ANDOVER MA 01810

American Biltrite (American Biltrite) Headlines

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