Oman Flour Mills (MUS:OFMI) Total Inventories : ر.ع26.46 Mil (As of Jun. 2019)

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What is Oman Flour Mills Total Inventories?

Oman Flour Mills's total inventories for the quarter that ended in Jun. 2019 was ر.ع26.46 Mil. Oman Flour Mills's average total inventories from the quarter that ended in Mar. 2019 to the quarter that ended in Jun. 2019 was ر.ع23.37 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Oman Flour Mills's Net-Net Working Capital per share for the quarter that ended in Jun. 2019 was ر.ع0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oman Flour Mills's Days Inventory for the three months ended in Jun. 2019 was 108.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oman Flour Mills's Inventory Turnover for the quarter that ended in Jun. 2019 was 0.84.

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. Oman Flour Mills's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.99.

Oman Flour Mills Total Inventories Historical Data

The historical data trend for Oman Flour Mills'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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Oman Flour Mills Total Inventories Chart

Oman Flour Mills Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Total Inventories

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11.92

18.29

14.58

13.24

12.64

Oman Flour Mills Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Sep18	Mar19	Jun19
Total Inventories	Get a 7-Day Free Trial															14.90	13.31	18.04	20.29	26.46

Oman Flour Mills 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.

Oman Flour Mills (MUS:OFMI) 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.

Oman Flour Mills's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2019 is

	Net-Net Working Capital Per Share (Q: Jun. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(10.945	+	0.75 * 13.949	+	0.5 * 26.458	-	26.484
-	0	-	1.714)	/	157.5
=	0.04

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

Oman Flour Mills's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	23.373	/	19.644	*	365 / 4
	=	108.57

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

Oman Flour Mills's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2019 )	/	Average Total Inventories (Q: Jun. 2019 )
	=	19.644	/	23.373
	=	0.84

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.

Oman Flour Mills's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	23.373	/	23.719
	=	0.99

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.

Oman Flour Mills Total Inventories Related Terms

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Oman Flour Mills (MUS:OFMI) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oman Flour Mills (MUS:OFMI) » Definitions » Total Inventories

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Address

P.O. Box 566, Ruwi, OMN, 112

Website

http://www.omanflourmills.com

Oman Flour Mills is an Oman-based company engaged in the milling of wheat and other cereals and sale of flour, and the processing and sale of animal feed. In addition, the company through its subsidiaries is also involved in the production and sale of eggs, and selling and distribution of franchise frozen bakery products. The group generates the majority of the revenue from the processing and sale of a flour mill and feed mill. The company markets its flour mill products through Dahabi brand and feed mill products through Barakat brand.

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