Spectrum Group International (Spectrum Group International) Total Inventories : $183 Mil (As of Dec. 2013)

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What is Spectrum Group International Total Inventories?

Spectrum Group International's total inventories for the quarter that ended in Dec. 2013 was $183 Mil. Spectrum Group International's average total inventories from the quarter that ended in Sep. 2013 to the quarter that ended in Dec. 2013 was $189 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Spectrum Group International's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was $-41,761.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spectrum Group International's Days Inventory for the three months ended in Dec. 2013 was 11.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spectrum Group International's Inventory Turnover for the quarter that ended in Dec. 2013 was 7.92.

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. Spectrum Group International's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.13.

Spectrum Group International Total Inventories Historical Data

The historical data trend for Spectrum Group International'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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Spectrum Group International Total Inventories Chart

Spectrum Group International Annual Data

Trend

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Jun13

Total Inventories

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115.65

137.99

186.11

164.78

188.25

Spectrum Group International Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Total Inventories	Get a 7-Day Free Trial															145.96	133.15	188.25	195.73	182.63

Spectrum Group International 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.

Spectrum Group International (OTCPK:SPGZ) 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.

Spectrum Group International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 is

	Net-Net Working Capital Per Share (Q: Dec. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(16.918	+	0.75 * 48.579	+	0.5 * 182.63	-	272.872
-	0	-	0.421)	/	0.00308
=	-41,761.61

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

Spectrum Group International's Days Inventory for the three months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	189.1815	/	1498.108	*	365 / 4
	=	11.52

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

Spectrum Group International's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2013 )	/	Average Total Inventories (Q: Dec. 2013 )
	=	1498.108	/	189.1815
	=	7.92

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.

Spectrum Group International's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	189.1815	/	1509.516
	=	0.13

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.

Spectrum Group International Total Inventories Related Terms

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Spectrum Group International (Spectrum Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Spectrum Group International Inc (OTCPK:SPGZ) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

1063 McGaw, Suite 250, Irvine, CA, USA, 92614

Website

http://www.spectrumgi.com

Spectrum Group International Inc is an auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers. It operates in two segments: Trading and Collectibles.The Trading segment operates through A-Mar.

Executives

Gregory N Roberts	director, 10 percent owner, officer: President and CEO	2625 ST ANDREWS, TUSTIN CA 92660
Carol Meltzer	officer: General Counsel and EVP	775 PASSAIC AVE, WEST CALDWELL NJ 07006
Jeffrey D Benjamin	director	9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019
William A Richardson	10 percent owner	2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
William Montgomery	director	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Joel R Anderson	director	202 NORTH COURT STREET, FLORENCE AL 35630
Ellis Landau	director	CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148
Jess M Ravich	director	11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025
Silver Bow Ventures Llc	10 percent owner	C/O SPECTRUM GROUP INTERNATIONAL, 1063 MCGAW, IRVINE CA 92614
Moorhead John	director	5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Nolan Christopher William Sr	director	15 TILGHMAN DRIVE, WAYNE NJ 07470
Thor Gjerdrum	officer: Chief Financial Officer & EVP	5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Mark B Segall	director	251 WEST 89TH STREET APT 20, NEW YORK NY 10024
Matthew M Walsh	officer: CFO AND EXE. V.P.	ALLERGAN, 5 GIRALDA FARMS, MADISON NJ 07940

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