Atlas African Industries (LSE:AAI) Total Inventories : £0.00 Mil (As of Jun. 2016)

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What is Atlas African Industries Total Inventories?

Atlas African Industries's total inventories for the quarter that ended in Jun. 2016 was £0.00 Mil. Atlas African Industries's average total inventories from the quarter that ended in Dec. 2014 to the quarter that ended in Jun. 2016 was £0.04 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Atlas African Industries's Net-Net Working Capital per share for the quarter that ended in Jun. 2016 was £0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atlas African Industries's Days Inventory for the six months ended in Jun. 2016 was 307.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Atlas African Industries's Inventory Turnover for the quarter that ended in Jun. 2016 was 0.59.

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. Atlas African Industries's Inventory-to-Revenue for the quarter that ended in Jun. 2016 was 0.92.

Atlas African Industries Total Inventories Historical Data

The historical data trend for Atlas African Industries'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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Atlas African Industries Total Inventories Chart

Atlas African Industries Annual Data

Trend

Dec11

Dec12

Jun13

Jun14

Total Inventories

0.01

Atlas African Industries Semi-Annual Data
	Dec11	Dec12	Dec13	Jun14	Dec14	Jun16
Total Inventories	Get a 7-Day Free Trial			-	0.18	-	0.08	-

Atlas African Industries 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.

Atlas African Industries (LSE:AAI) 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.

Atlas African Industries's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2016 is

	Net-Net Working Capital Per Share (Q: Jun. 2016 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.203	+	0.75 * 0	+	0.5 * 0	-	0.574
-	0	-	-0.025)	/	1497.37
=	0.00

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

Atlas African Industries's Days Inventory for the six months ended in Jun. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2016 )	/	Cost of Goods Sold (Q: Jun. 2016 )	*	Days in Period
	=	0.0405	/	0.024	*	365 / 2
	=	307.97

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

Atlas African Industries's Inventory Turnover for the quarter that ended in Jun. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2016 )	/	Average Total Inventories (Q: Jun. 2016 )
	=	0.024	/	0.0405
	=	0.59

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.

Atlas African Industries's Inventory to Revenue for the quarter that ended in Jun. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2016 )	/	Revenue (Q: Jun. 2016 )
	=	0.0405	/	0.044
	=	0.92

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.

Atlas African Industries Total Inventories Related Terms

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Atlas African Industries (LSE:AAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Atlas African Industries Ltd (LSE:AAI) » Definitions » Total Inventories

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Address

Website

http://www.atlassupport.com

Atlas African Industries Ltd, formerly known as Atlas Development & Support Services Ltd, was incorporated in Guernsey under the Law on December 5, 2012. The Company has a Joint Venture agreement with Ethiopian conglomerate Orchid Group to provide services in civil engineering and project management offering into industrial projects. The Company's operates in industrial division and support services division. Its 100% owned subsidiary, East Africa Packaging Holdings, is focused glass bottle manufacturing facility 45km north of Addis Ababa, Ethiopia known as the Chancho Project. The Chancho Project is in feasibility stage with a defined development strategy to construct and operate a glass bottle manufacturing facility. The JV provides services to clients in the natural resource development and infrastructure sectors, through civil engineering, project management, work-force accommodation solutions and on-going life support services.

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