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American Pacific (FRA:ACQ) Total Inventories : €44.6 Mil (As of Sep. 2013)


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What is American Pacific Total Inventories?

American Pacific's total inventories for the quarter that ended in Sep. 2013 was €44.6 Mil. American Pacific's average total inventories from the quarter that ended in Jun. 2013 to the quarter that ended in Sep. 2013 was €40.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. American Pacific's Net-Net Working Capital per share for the quarter that ended in Sep. 2013 was €-5.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Pacific's Days Inventory for the three months ended in Sep. 2013 was 173.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. American Pacific's Inventory Turnover for the quarter that ended in Sep. 2013 was 0.53.

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 Pacific's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 0.92.


American Pacific Total Inventories Historical Data

The historical data trend for American Pacific'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.

* Premium members only.

American Pacific Total Inventories Chart

American Pacific Annual Data
Trend Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.94 27.56 28.47 34.27 44.56

American Pacific Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.27 44.18 44.49 37.10 44.56

American Pacific 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 Pacific  (FRA:ACQ) 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 Pacific's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2013 is

Net-Net Working Capital Per Share (Q: Sep. 2013 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(45.526+0.75 * 15.615+0.5 * 44.56-124.146
-0-0)/7.949
=-5.61

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

American Pacific's Days Inventory for the three months ended in Sep. 2013 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2013 )/Cost of Goods Sold (Q: Sep. 2013 )*Days in Period
=40.8285/21.514*365 / 4
=173.17

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

American Pacific's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2013 ) / Average Total Inventories (Q: Sep. 2013 )
=21.514 / 40.8285
=0.53

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 Pacific's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2013 ) / Revenue (Q: Sep. 2013 )
=40.8285 / 44.285
=0.92

* 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.


American Pacific Total Inventories Related Terms

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American Pacific (FRA:ACQ) Business Description

Traded in Other Exchanges
N/A
Address
American Pacific Corporation was incorporated in Delaware in December 1980. The Company is a custom manufacturer of fine chemicals, specialty chemicals and propulsion products. It supplies active pharmaceutical ingredients and registered intermediates to the pharmaceutical industry. The pharmaceutical ingredients it manufacture are used by its customers in drugs with indications in three primary areas: anti-viral, oncology, and central nervous system. Its customers include pharmaceutical and biotechnology companies, as well as emerging pharmaceutical companies. Its continuing operations comprise three reportable business segments: Fine Chemicals, Specialty Chemicals, and Other Businesses. The Fine Chemicals segment is operated through its wholly-owned subsidiaries Ampac Fine Chemicals LLC and AMPAC Fine Chemicals Texas, LLC. Specialty Chemicals segment is principally engaged in the production of perchlorates, which include several grades of ammonium perchlorate, sodium perchlorate and potassium perchlorate. In addition, it produce and sell sodium azide, a chemical primarily used in pharmaceutical manufacturing, and Halotron, a series of clean fire extinguishing agents used in fire extinguishing products ranging from portable fire extinguishers to total flooding systems. For the aerospace and defense industry, it provides specialty chemicals used in solid rocket motors for space launch and military missiles. Other Businesses segment contains its water treatment equipment division and real estate activities PEPCON Systems, an operating division of the Company, is a manufacturer and supplier of On-Site Hypochlorite Generation systems.The Company design, manufacture and service equipment used to purify water or air in municipal, industrial and power generation applications. The systems are marketed under the ChlorMaster and Odormaster names. The main competing product to Halotron I is FE36 manufactured by DuPont. The Company's operations are subject to extensive federal, state and local regulations governing, among other things, emissions to air, discharges to water and waste management.

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