Jishanye (Jishanye) Total Inventories : $0.00 Mil (As of Mar. 2016)

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What is Jishanye Total Inventories?

Jishanye's total inventories for the quarter that ended in Mar. 2016 was $0.00 Mil. Jishanye's average total inventories from the quarter that ended in Dec. 2015 to the quarter that ended in Mar. 2016 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Jishanye's Net-Net Working Capital per share for the quarter that ended in Mar. 2016 was $0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jishanye's Days Inventory for the three months ended in Mar. 2016 was 2.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jishanye's Inventory Turnover for the quarter that ended in Mar. 2016 was 41.67.

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. Jishanye's Inventory-to-Revenue for the quarter that ended in Mar. 2016 was 0.02.

Jishanye Total Inventories Historical Data

The historical data trend for Jishanye'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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Jishanye Total Inventories Chart

Jishanye Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Total Inventories

0.04

0.01

Jishanye Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Total Inventories	Get a 7-Day Free Trial										-	-	-	0.01	-

Jishanye 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.

Jishanye (GREY:JSHY) 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.

Jishanye's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2016 is

	Net-Net Working Capital Per Share (Q: Mar. 2016 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.07	+	0.75 * 0	+	0.5 * 0.001	-	0.703
-	0	-	0)	/	20.1
=	0.02

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

Jishanye's Days Inventory for the three months ended in Mar. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2016 )	/	Cost of Goods Sold (Q: Mar. 2016 )	*	Days in Period
	=	0.003	/	0.125	*	365 / 4
	=	2.19

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

Jishanye's Inventory Turnover for the quarter that ended in Mar. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2016 )	/	Average Total Inventories (Q: Mar. 2016 )
	=	0.125	/	0.003
	=	41.67

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.

Jishanye's Inventory to Revenue for the quarter that ended in Mar. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2016 )	/	Revenue (Q: Mar. 2016 )
	=	0.003	/	0.176
	=	0.02

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.

Jishanye Total Inventories Related Terms

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Jishanye (Jishanye) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Jishanye Inc (GREY:JSHY) » Definitions » Total Inventories

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Traded in Other Exchanges

N/A

Address

No. 247, Minsheng 1st Road, 7th Floor, Xinxing District, Kaohsiung City, TWN, 800

Website

http://www.jishanye.com

Jishanye Inc through its subsidiary provides funeral management services. The company is engaged in one single operating segment consisting of funeral management services in Taiwan. The company's funeral management services include providing the necessary setting and personnel to meet the grieving family's religious and cultural preferences. The firm also offers death care management consultancy services to small and medium-sized enterprises. Its other services consist of providing the family with funeral merchandise, such as a coffin, funeral clothes, mourning dress, flowers, wreaths, candles, funerary offerings, cremation urns, cemetery plots and management of the cemetery.

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