GT Advanced Technologies (GT Advanced Technologies) Total Inventories : $132.6 Mil (As of Jun. 2014)

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What is GT Advanced Technologies Total Inventories?

GT Advanced Technologies's total inventories for the quarter that ended in Jun. 2014 was $132.6 Mil. GT Advanced Technologies's average total inventories from the quarter that ended in Mar. 2014 to the quarter that ended in Jun. 2014 was $97.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GT Advanced Technologies's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was $-6.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GT Advanced Technologies's Days Inventory for the three months ended in Jun. 2014 was 94.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. GT Advanced Technologies's Inventory Turnover for the quarter that ended in Jun. 2014 was 0.97.

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. GT Advanced Technologies's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 1.68.

GT Advanced Technologies Total Inventories Historical Data

The historical data trend for GT Advanced Technologies'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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GT Advanced Technologies Total Inventories Chart

GT Advanced Technologies Annual Data

Trend

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Dec13

Total Inventories

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103.48

68.86

127.57

193.30

39.09

GT Advanced Technologies Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Total Inventories	Get a 7-Day Free Trial															119.64	123.19	39.09	61.91	132.65

GT Advanced Technologies 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.

GT Advanced Technologies (OTCPK:GTAT) 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.

GT Advanced Technologies's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 is

	Net-Net Working Capital Per Share (Q: Jun. 2014 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(333.147	+	0.75 * 14.021	+	0.5 * 132.647	-	1292.181
-	0	-	0)	/	137.346
=	-6.42

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

GT Advanced Technologies's Days Inventory for the three months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
	=	97.278	/	94.113	*	365 / 4
	=	94.32

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

GT Advanced Technologies's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2014 )	/	Average Total Inventories (Q: Jun. 2014 )
	=	94.113	/	97.278
	=	0.97

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.

GT Advanced Technologies's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2014 )	/	Revenue (Q: Jun. 2014 )
	=	97.278	/	58
	=	1.68

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.

GT Advanced Technologies Total Inventories Related Terms

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GT Advanced Technologies (GT Advanced Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GT Advanced Technologies Inc (OTCPK:GTAT) » Definitions » Total Inventories

Comparable Companies

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Address

243 Daniel Webster Highway, Merrimack, NH, USA, 03054

Website

http://www.gtat.com

GT Advanced Technologies Inc is a diversified technology company producing advanced materials and equipment for the global consumer electronics, power electronics, solar and LED industries. It operates the company as one business unit comprised of three business segments, sapphire business, polysilicon business and photovoltaic, or PV, business. the company's principal products include Polysilicon Technologies and Equipment, Silicon Crystal Growth Equipment, Sapphire Crystal Growth Equipment, Advanced Sapphire Material, Silicon Carbide Crystal Growth Equipment. The company generates the majority of its revenue from polysilicon business.

Executives

Ray John J. Iii	director	C/O GREYLOCK PARTNERS, LLC, 780 FIFTH AVENUE, NAPLES FL 34102
Richard E Newsted	director	C/O GT ADVANCED TECHNOLOGIES INC, 243 DANIEL WEBSTER HIGHWAY, MERRIMACK NH 03054
Thomas Gutierrez	director, officer: President and CEO	C/O XERIUM TECHNOLOGIES, INC., ONE TECHNOLOGY DRIVE, WESTBOROUGH MA 01581
Matthew E Massengill	director	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Noel G Watson	director	C/O JACOBS ENGINEERING GROUP INC, 1111 S ARROYO PKWY, PASADENA CA 91105
John Michal Conaway	director	QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175
Kathleen A Cote	director	12061 BLUEMONT WAY, RESTON VA 20190
Thomas Jr Wroe	director
Robert E Switz	director	13625 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344
Fmr Llc	other: Edward C. Johnson 3d	245 SUMMER STREET, BOSTON MA 02210
John Granara	officer: VP Finance, Controller, CAO	A123 SYSTEMS INC. ARSENAL ON THE CHARLES, 321 ARSENAL STREET, WATERTOWN MA 02472
Mary L Petrovich	director
David C Gray	officer: Chief Strategy/New Bus.Officer	C/O GT SOLAR INTERNATIONAL, INC., 243 DANIEL WEBSTER HIGHWAY, MERRIMACK NH 03054
Cheryl A Diuguid	officer: VP, GM, Sapphire Materials/Eq.	C/O XERIUM TECHNOLOGIES, INC., ONE TECHNOLOGY DRIVE, WESTBOROUGH MA 01581
Fusen Ernie Chen	director	1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034