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Ryland Group (FRA:RYG) Total Inventories : €2,029 Mil (As of Jun. 2015)


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What is Ryland Group Total Inventories?

Ryland Group's total inventories for the quarter that ended in Jun. 2015 was €2,029 Mil. Ryland Group's average total inventories from the quarter that ended in Mar. 2015 to the quarter that ended in Jun. 2015 was €1,998 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ryland Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was €-7.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ryland Group's Days Inventory for the three months ended in Jun. 2015 was 397.42.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ryland Group's Inventory Turnover for the quarter that ended in Jun. 2015 was 0.23.

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. Ryland Group's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 3.43.


Ryland Group Total Inventories Historical Data

The historical data trend for Ryland 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.

* Premium members only.

Ryland Group Total Inventories Chart

Ryland Group Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 604.35 604.55 820.99 1,204.34 1,659.16

Ryland 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 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 1,410.79 1,583.35 1,659.16 1,967.79 2,028.64

Ryland 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.


Ryland Group  (FRA:RYG) 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.

Ryland 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)
=(265.314+0.75 * 0+0.5 * 2028.644-1640.066
-0-12.143)/46.8493
=-7.95

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

Ryland 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
=1998.215/458.804*365 / 4
=397.42

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

Ryland 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 )
=458.804 / 1998.215
=0.23

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.

Ryland 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 )
=1998.215 / 582.389
=3.43

* 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.


Ryland Group Total Inventories Related Terms

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Ryland Group (FRA:RYG) Business Description

Traded in Other Exchanges
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Address
Ryland Group Inc is a Maryland corporation, which was founded in 1967. It is a homebuilder and a mortgage-finance company. The Company consists of six operating business segments namely four geographically determined homebuilding regions; financial services; and corporate. The Company's homebuilding operations consist of four regional reporting segments namely North, Southeast, Texas and West. The homebuilding segments specialize in the sale and construction of single-family attached and detached housing. Its operations in each of its homebuilding markets might differ due to a number of market-specific factors. These factors include regional economic conditions and job growth; land availability and local land development; consumer preferences; competition from other homebuilders; and home resale activity. The Company's financial services segment includes RMC, RH Insurance Company, Inc. or RHIC, LPS Holdings Corporation and its subsidiaries and Columbia National Risk Retention Group, Inc. or CNRRG. Corporate is a non-operating business segment whose purpose is to support operations. Corporate is responsible for establishing operational policies and internal control standards; implementing strategic initiatives; and monitoring compliance with policies and controls throughout the Company's operations. Corporate acts as an internal source of capital and provides financial, human resource, information technology, insurance, legal, marketing, national purchasing and tax compliance services. In addition, it performs administrative functions associated with a publicly traded entity. Ryland Insurance Services or RIS, a wholly-owned subsidiary of RMC, provides insurance services to the Company's homebuyers. As single-family on-site homebuilders in the United States, it operates in 17 states. The Company's homebuilding segments are subject to a number of local, state and federal laws, statutes, ordinances, rules and regulations concerning zoning, building design, construction, stormwater permitting and discharge and similar matters, as well as open space, wetlands and environmentally protected areas.

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