FII Group (LSE:FII) Total Inventories : £2.01 Mil (As of Nov. 2002)

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What is FII Group Total Inventories?

FII Group's total inventories for the quarter that ended in Nov. 2002 was £2.01 Mil. FII Group's average total inventories from the quarter that ended in May. 2002 to the quarter that ended in Nov. 2002 was £2.28 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FII Group's Net-Net Working Capital per share for the quarter that ended in Nov. 2002 was £-0.20.

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. FII Group's Inventory Turnover for the quarter that ended in Nov. 2002 was 0.00.

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.

FII Group Total Inventories Historical Data

The historical data trend for FII Group'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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FII Group Total Inventories Chart

FII Group Annual Data

Trend

May95

May96

May97

May98

May99

May00

May01

May02

May03

Total Inventories

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4.20

2.43

3.28

2.55

1.27

FII Group Quarterly Data
	Nov01	May02	Nov02	May03
Total Inventories	2.70	2.55	2.01	1.27

FII Group 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.

FII Group (LSE:FII) 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.

FII Group's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2002 is

	Net-Net Working Capital Per Share (Q: Nov. 2002 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.022	+	0.75 * 0	+	0.5 * 2.014	-	5.712
-	0	-	0)	/	23.192
=	-0.20

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

FII Group's Days Inventory for the three months ended in Nov. 2002 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2002 )	/	Cost of Goods Sold (Q: Nov. 2002 )	*	Days in Period
	=	2.2795	/	0	*	365 / 4
	=

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

FII Group's Inventory Turnover for the quarter that ended in Nov. 2002 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2002 )	/	Average Total Inventories (Q: Nov. 2002 )
	=	0	/	2.2795
	=	0.00

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.

FII Group's Inventory to Revenue for the quarter that ended in Nov. 2002 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2002 )	/	Revenue (Q: Nov. 2002 )
	=	2.2795	/	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.

FII Group Total Inventories Related Terms

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FII Group (LSE:FII) Business Description

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http://www.fiigroupplc.com

FII Group PLC is engaged in the design, sourcing and distribution of branded footwear. The Company is developing and focusing the brand management and distribution of its core footwear brands: Lotus, Frank Wright and PerTu. It has obtained firm orders for new business in Canada, the United States and Bermuda.

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