IMRIS (IMRSQ) Total Inventories : $9.13 Mil (As of Dec. 2014)

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What is IMRIS Total Inventories?

IMRIS's total inventories for the quarter that ended in Dec. 2014 was $9.13 Mil. IMRIS's average total inventories from the quarter that ended in Sep. 2014 to the quarter that ended in Dec. 2014 was $9.31 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. IMRIS's Net-Net Working Capital per share for the quarter that ended in Dec. 2014 was $-0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IMRIS's Days Inventory for the three months ended in Dec. 2014 was 145.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. IMRIS's Inventory Turnover for the quarter that ended in Dec. 2014 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. IMRIS's Inventory-to-Revenue for the quarter that ended in Dec. 2014 was 0.97.

IMRIS Total Inventories Historical Data

The historical data trend for IMRIS'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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IMRIS Total Inventories Chart

IMRIS Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Total Inventories

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6.02

10.01

9.13

IMRIS Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Total Inventories	Get a 7-Day Free Trial															10.01	8.29	9.01	9.50	9.13

IMRIS 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.

IMRIS (GREY:IMRSQ) 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.

IMRIS's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2014 is

	Net-Net Working Capital Per Share (Q: Dec. 2014 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.002	+	0.75 * 8.539	+	0.5 * 9.13	-	53.694
-	0	-	0)	/	62.5943
=	-0.60

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

IMRIS's Days Inventory for the three months ended in Dec. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2014 )	/	Cost of Goods Sold (Q: Dec. 2014 )	*	Days in Period
	=	9.3125	/	5.854	*	365 / 4
	=	145.16

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

IMRIS's Inventory Turnover for the quarter that ended in Dec. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2014 )	/	Average Total Inventories (Q: Dec. 2014 )
	=	5.854	/	9.3125
	=	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.

IMRIS's Inventory to Revenue for the quarter that ended in Dec. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2014 )	/	Revenue (Q: Dec. 2014 )
	=	9.3125	/	9.558
	=	0.97

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.

IMRIS Total Inventories Related Terms

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IMRIS (IMRSQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » IMRIS Inc (GREY:IMRSQ) » Definitions » Total Inventories

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Address

100-1370 Sony Place, Winnipeg, MB, CAN, R3T 1N5

Website

http://www.imris.com

IMRIS Inc designs, manufactures and markets Image-guided therapy systems that improves the effectiveness of therapy delivery. Its main product is the Visius surgical theater. The company provides its products to hospitals that deliver clinical services to patients in the neurosurgical, spinal, cerebrovascular and cardiovascular markets. The firm is focused on bringing enhanced visualization to the point of therapy delivery and is spread across Canada, United States, Europe and the Middle East and Asia-Pacific.

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