CES Synergies (CES Synergies) Total Inventories : $0.09 Mil (As of Mar. 2017)

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What is CES Synergies Total Inventories?

CES Synergies's total inventories for the quarter that ended in Mar. 2017 was $0.09 Mil. CES Synergies's average total inventories from the quarter that ended in Dec. 2016 to the quarter that ended in Mar. 2017 was $0.09 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CES Synergies's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was $-0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CES Synergies's Days Inventory for the three months ended in Mar. 2017 was 3.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. CES Synergies's Inventory Turnover for the quarter that ended in Mar. 2017 was 27.47.

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. CES Synergies's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.03.

CES Synergies Total Inventories Historical Data

The historical data trend for CES Synergies'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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CES Synergies Total Inventories Chart

CES Synergies Annual Data

Trend

Mar12

Mar13

Dec14

Dec15

Dec16

Total Inventories

0.15

0.13

0.09

CES Synergies Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Total Inventories	Get a 7-Day Free Trial															0.15	0.14	0.21	0.09	0.09

CES Synergies 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.

CES Synergies (OTCPK:CESX) 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.

CES Synergies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 is

	Net-Net Working Capital Per Share (Q: Mar. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.006	+	0.75 * 3.808	+	0.5 * 0.085	-	8.875
-	0	-	0)	/	47.3005
=	-0.13

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

CES Synergies's Days Inventory for the three months ended in Mar. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2017 )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
	=	0.0855	/	2.349	*	365 / 4
	=	3.32

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

CES Synergies's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2017 )	/	Average Total Inventories (Q: Mar. 2017 )
	=	2.349	/	0.0855
	=	27.47

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.

CES Synergies's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2017 )	/	Revenue (Q: Mar. 2017 )
	=	0.0855	/	3.172
	=	0.03

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.

CES Synergies Total Inventories Related Terms

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CES Synergies (CES Synergies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » CES Synergies Inc (OTCPK:CESX) » Definitions » Total Inventories

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Address

39646 Fig Street, P.O. Box 1299, Crystal Springs, NV, USA, 33524

Website

http://www.cessynergies.com

CES Synergies Inc is a United States of America based company. It is engaged in providing services like asbestos and lead abatement, hazardous materials removal, mold remediation and prevention, indoor air quality and duct cleaning, interior selective demolition, underground storage tank removal, concrete crushing, and demolition and wrecking. The company operates in three business segments that are Remediation, Demolition, and Insulation. The Remediation and Demolition segment generates maximum revenue for the company.

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