Omega Protein (Omega Protein) Total Inventories : $114.4 Mil (As of Sep. 2017)

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What is Omega Protein Total Inventories?

Omega Protein's total inventories for the quarter that ended in Sep. 2017 was $114.4 Mil. Omega Protein's average total inventories from the quarter that ended in Jun. 2017 to the quarter that ended in Sep. 2017 was $112.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Omega Protein's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was $0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Omega Protein's Days Inventory for the three months ended in Sep. 2017 was 134.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Omega Protein's Inventory Turnover for the quarter that ended in Sep. 2017 was 0.68.

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. Omega Protein's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 1.25.

Omega Protein Total Inventories Historical Data

The historical data trend for Omega Protein'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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Omega Protein Total Inventories Chart

Omega Protein Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Total Inventories

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66.66

94.34

97.51

119.99

108.71

Omega Protein Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Total Inventories	Get a 7-Day Free Trial															111.87	108.71	109.41	110.71	114.38

Omega Protein 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.

Omega Protein (NYSE:OME) 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.

Omega Protein's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 is

	Net-Net Working Capital Per Share (Q: Sep. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(20.988	+	0.75 * 40.168	+	0.5 * 114.383	-	91.639
-	0	-	0)	/	22.464
=	0.74

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

Omega Protein's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2017 )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
	=	112.5455	/	76.491	*	365 / 4
	=	134.26

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

Omega Protein's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2017 )	/	Average Total Inventories (Q: Sep. 2017 )
	=	76.491	/	112.5455
	=	0.68

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.

Omega Protein's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2017 )	/	Revenue (Q: Sep. 2017 )
	=	112.5455	/	90.285
	=	1.25

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.

Omega Protein Total Inventories Related Terms

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Omega Protein (Omega Protein) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Omega Protein Corp (NYSE:OME) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

Website

http://www.omegaproteininc.com

Omega Protein Corp is a nutritional ingredient company. It develops, produces and delivers healthy products throughout the world to improve nutritional integrity of foods, dietary supplements and animal feeds.

Executives

Celeste A. Clark	director	C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242
David H Clarke	director	777 SOUTH FLAGLER DRIVE SUITE 1108, WEST PALM BEACH FL 33401
Michael Christodolou	director	2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Mark A Livingston	officer: VP & Chief Accounting Officer	2105 CITY WEST BLVD., SUITE 500, HOUSTON TX 77042
Andrew Johannesen	officer: Executive VP and CFO	2105 CITY WEST BLVD., SUITE 500, HOUSTON TX 77042
Nicodemus Harry O Iv	director	5051 WESTHEIMER, SUITE 725, HOUSTON TX 77056
Marxe Austin W & Greenhouse David M	10 percent owner	C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Harbinger Group Inc.	10 percent owner	3001 DEMING WAY, MIDDLETON WI 53562
Leonard Disalvo	director	100 MERIDIAN CENTRE, SUITE 350, ROCHESTER NY 14614

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