China Fishery Group (China Fishery Group) Total Inventories : $235.2 Mil (As of Jun. 2015)

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What is China Fishery Group Total Inventories?

China Fishery Group's total inventories for the quarter that ended in Jun. 2015 was $235.2 Mil. China Fishery Group's average total inventories from the quarter that ended in Mar. 2015 to the quarter that ended in Jun. 2015 was $160.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Fishery Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was $-2.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Fishery Group's Days Inventory for the three months ended in Jun. 2015 was 144.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Fishery Group's Inventory Turnover for the quarter that ended in Jun. 2015 was 0.63.

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. China Fishery Group's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 1.18.

China Fishery Group Total Inventories Historical Data

The historical data trend for China Fishery Group'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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China Fishery Group Total Inventories Chart

China Fishery Group Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Total Inventories

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13.48

38.26

57.28

98.19

158.40

China Fishery Group Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Total Inventories	Get a 7-Day Free Trial															183.39	158.40	105.91	85.45	235.17

China Fishery Group 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.

China Fishery Group (OTCPK:CIFHY) 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.

China Fishery Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2015 is

	Net-Net Working Capital Per Share (Q: Jun. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(41.275	+	0.75 * 110.069	+	0.5 * 235.165	-	1215.185
-	0	-	5.516)	/	368.344
=	-2.66

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

China Fishery Group's Days Inventory for the three months ended in Jun. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2015 )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
	=	160.3075	/	101.308	*	365 / 4
	=	144.39

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

China Fishery Group's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2015 )	/	Average Total Inventories (Q: Jun. 2015 )
	=	101.308	/	160.3075
	=	0.63

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.

China Fishery Group's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	160.3075	/	136.245
	=	1.18

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.

China Fishery Group Total Inventories Related Terms

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China Fishery Group (China Fishery Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Fishery Group Ltd (OTCPK:CIFHY) » Definitions » Total Inventories

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Address

188 Connaught Road West, Room 3312-3314, Hong Kong Plaza, Hong Kong, HKG

Website

http://www.chinafisherygroup.com

China Fishery Group Ltd is a Hong Kong-based industrial fishing company with access to fish in some of the fishing grounds, including the Anchovy fishery in Peru. Business activity of the firm is functioned through three reportable segments namely contract supply business, Peruvian fishmeal, and China fishery fleet. It offers fish products in various forms, such as frozen whole, headed and gutted, frozen fillets, and fish roe and milt for wholesalers and food processors, as well as sells fish meal and oil products for fish meal and oil distributors, and Omega-3 capsule manufacturers. Geographically, its business presence can be seen across the region of China, Europe, South America, Africa and Australia.

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