Great American Financial (Great American Financial) Total Inventories : $0.00 Mil (As of Sep. 2002)

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What is Great American Financial Total Inventories?

Great American Financial's total inventories for the quarter that ended in Sep. 2002 was $0.00 Mil. Great American Financial's average total inventories from the quarter that ended in Jun. 2002 to the quarter that ended in Sep. 2002 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Great American Financial's Net-Net Working Capital per share for the quarter that ended in Sep. 2002 was $-0.33.

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

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

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.

Great American Financial Total Inventories Historical Data

The historical data trend for Great American Financial'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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Great American Financial Total Inventories Chart

Great American Financial Annual Data

Trend

Dec01

Total Inventories

Great American Financial Quarterly Data
	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02
Total Inventories	Get a 7-Day Free Trial			-	-	-	-	-

Great American Financial 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.

Great American Financial (OTCPK:GAFL) 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.

Great American Financial's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2002 is

	Net-Net Working Capital Per Share (Q: Sep. 2002 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0.75 * 0	+	0.5 * 0	-	2.382
-	0	-	0)	/	7.22629
=	-0.33

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

Great American Financial's Days Inventory for the three months ended in Sep. 2002 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2002 )	/	Cost of Goods Sold (Q: Sep. 2002 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

Great American Financial's Inventory Turnover for the quarter that ended in Sep. 2002 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2002 )	/	Average Total Inventories (Q: Sep. 2002 )
	=	0	/	0
	=	N/A

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.

Great American Financial's Inventory to Revenue for the quarter that ended in Sep. 2002 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2002 )	/	Revenue (Q: Sep. 2002 )
	=	0	/	0
	=

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.

Great American Financial Total Inventories Related Terms

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Great American Financial (Great American Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Great American Financial Corp (OTCPK:GAFL) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

528 DeKalb Street, P.O. Box 309, Norristown, PA, USA, 19404

Website

Great American Financial Corp s engaged in providing commercial financing for both Real Estate ventures and business in the casino entertainment industry.

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