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Taubman Centers's total inventories for the quarter that ended in Sep. 2020 was $0.0 Mil. Taubman Centers's average total inventories from the quarter that ended in Jun. 2020 to the quarter that ended in Sep. 2020 was $0.0 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Taubman Centers's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-69.51.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taubman Centers's Days Inventory for the three months ended in Sep. 2020 was 0.00.
Inventory Turnover measures how fast the company turns over its inventory within a year.
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. Taubman Centers's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.00.
The historical data trend for Taubman Centers'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.
Taubman Centers Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Taubman Centers Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Taubman Centers (NYSE:TCO) 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.
Taubman Centers's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 is
Net-Net Working Capital Per Share (Q: Sep. 2020 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (256.512 | + | 0.75 * 172.525 | + | 0.5 * 0 | - | 4877.541 |
- | 0.026 | - | -201.205) | / | 61.7231 | ||
= | -69.51 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Taubman Centers's Days Inventory for the three months ended in Sep. 2020 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2020 ) | / | Cost of Goods Sold (Q: Sep. 2020 ) | * | Days in Period |
= | 0 | / | 0.435 | * | 365 / 4 | |
= | 0.00 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Taubman Centers's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2020 ) | / | Average Total Inventories (Q: Sep. 2020 ) |
= | 0.435 | / | 0 | |
= | N/A |
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.
Taubman Centers's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2020 ) | / | Revenue (Q: Sep. 2020 ) |
= | 0 | / | 130.998 | |
= | 0.00 |
* 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.
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.
Thank you for viewing the detailed overview of Taubman Centers's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Marakovits Cornelia Connelly | director | C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE RD., STE 300, BLOOMFIELD HILLS MI 48304 |
Ullman Myron E Iii | director | 100 SPEAR ST. SUITE 935, SAN FRANCISCO CA 94105 |
Michelle J Goldberg | director | 601 UNION STREET, SUITE 3100, SEATTLE WA 98101 |
Janice L Fields | director | 800 NORTH LINDBERGH BLVD., ST. LOUIS MO 63167 |
Nancy Killefer | director | 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Mayree C Clark | director | C/O ALLY FINANCIAL INC., 200 RENAISSANCE CENTER, DETROIT MI 48265 |
Michael J Embler | director | C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608 |
Simon Leopold | officer: EVP, CFO and Treasurer | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304 |
Paul Aubrey Wright | officer: President, Taubman Asia Mngmt | C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304 |
Jonathan Litt | director | LAND AND BUILDINGS, 1 LANDMARK SQUARE, 7TH FLOOR, STAMFORD CT 06901 |
Robert S Taubman | director, officer: President, CEO, AND Chair BOD | 200 EAST LONG LAKE RD, SUITE 300 P O BOX 200, BLOOMFIELD HILLS MI 48303-0200 |
William S Taubman | officer: Chief Operating Officer | 200 E LONG LAKE RD, TAUBMAN ASSET GROUP, BLOOMFIELD HILLS MI 48303 |
Peter John Sharp | officer: President, Taubman Asia Mngmt | C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304 |
Craig M Hatkoff | director | ONE WEST 72ND STREET, NEWYORK NY 10023 |
Jerome A Chazen | director | C/O CHAZEN CAPITAL PARTNERS LLC, 150 EAST 58TH STREET, 27TH FLOOR, NEW YORK NY 10155 |
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