Tamino Minerals (Tamino Minerals) Total Inventories : $0.97 Mil (As of Jun. 2006)

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What is Tamino Minerals Total Inventories?

Tamino Minerals's total inventories for the quarter that ended in Jun. 2006 was $0.97 Mil. Tamino Minerals's average total inventories from the quarter that ended in Mar. 2006 to the quarter that ended in Jun. 2006 was $0.97 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tamino Minerals's Net-Net Working Capital per share for the quarter that ended in Jun. 2006 was $1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tamino Minerals's Days Inventory for the three months ended in Jun. 2006 was 155.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tamino Minerals's Inventory Turnover for the quarter that ended in Jun. 2006 was 0.59.

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. Tamino Minerals's Inventory-to-Revenue for the quarter that ended in Jun. 2006 was 0.93.

Tamino Minerals Total Inventories Historical Data

The historical data trend for Tamino Minerals'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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Tamino Minerals Total Inventories Chart

Tamino Minerals Annual Data

Trend

Jun96

Jun97

Jun98

Jun99

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

Total Inventories

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3.57

0.47

0.50

0.81

0.89

Tamino Minerals Quarterly Data
	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06
Total Inventories	Get a 7-Day Free Trial															0.89	0.81	0.85	0.96	0.97

Tamino Minerals 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.

Tamino Minerals (OTCPK:TINO) 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.

Tamino Minerals's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2006 is

	Net-Net Working Capital Per Share (Q: Jun. 2006 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.527	+	0.75 * 0.521	+	0.5 * 0.974	-	0.958
-	0	-	0)	/	1.25214
=	1.16

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

Tamino Minerals's Days Inventory for the three months ended in Jun. 2006 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2006 )	/	Cost of Goods Sold (Q: Jun. 2006 )	*	Days in Period
	=	0.965	/	0.565	*	365 / 4
	=	155.85

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

Tamino Minerals's Inventory Turnover for the quarter that ended in Jun. 2006 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2006 )	/	Average Total Inventories (Q: Jun. 2006 )
	=	0.565	/	0.965
	=	0.59

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.

Tamino Minerals's Inventory to Revenue for the quarter that ended in Jun. 2006 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2006 )	/	Revenue (Q: Jun. 2006 )
	=	0.965	/	1.043
	=	0.93

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.

Tamino Minerals Total Inventories Related Terms

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Tamino Minerals (Tamino Minerals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tamino Minerals Inc (OTCPK:TINO) » Definitions » Total Inventories

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Address

367 Muskoka Road 3N, Toronto, ON, CAN, P1H 1H6

Website

https://www.taminominerals.ca

Tamino Minerals Inc is engaged in exploration in Mexico for precious metals including copper, lead and zinc. It has several properties in a highly prospective area for gold in Mexico known as the Las Amalias Mine and it continues to evaluate and develop economic opportunities.

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