Manaris 2010 (Manaris 2010) Total Inventories : $2.14 Mil (As of Mar. 2009)

Manaris 2010 Total Inventories Chart

Manaris 2010 Quarterly Data
	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09
Total Inventories	Get a 7-Day Free Trial															2.29	2.18	2.31	2.31	2.14

Manaris 2010 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.

Manaris 2010  (OTCPK:AVNY) 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.

Manaris 2010's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2009 is

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

Manaris 2010's Days Inventory for the three months ended in Mar. 2009 is calculated as:

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

Manaris 2010's Inventory Turnover for the quarter that ended in Mar. 2009 is calculated as

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.

Manaris 2010's Inventory to Revenue for the quarter that ended in Mar. 2009 is calculated as

* 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.

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.

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Manaris 2010 (Manaris 2010) Business Description