Sears Canada (Sears Canada) Total Inventories : $490 Mil (As of Apr. 2017)

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What is Sears Canada Total Inventories?

Sears Canada's total inventories for the quarter that ended in Apr. 2017 was $490 Mil. Sears Canada's average total inventories from the quarter that ended in Jan. 2017 to the quarter that ended in Apr. 2017 was $472 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sears Canada's Net-Net Working Capital per share for the quarter that ended in Apr. 2017 was $-4.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sears Canada's Days Inventory for the three months ended in Apr. 2017 was 147.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sears Canada's Inventory Turnover for the quarter that ended in Apr. 2017 was 0.62.

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. Sears Canada's Inventory-to-Revenue for the quarter that ended in Apr. 2017 was 1.25.

Sears Canada Total Inventories Historical Data

The historical data trend for Sears Canada'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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Sears Canada Total Inventories Chart

Sears Canada Annual Data

Trend

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Total Inventories

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858.18

708.04

529.12

467.91

453.99

Sears Canada Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
Total Inventories	Get a 7-Day Free Trial															542.83	476.02	529.47	453.99	489.92

Sears Canada 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.

Sears Canada (OTCPK:SRSCQ) 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.

Sears Canada's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2017 is

	Net-Net Working Capital Per Share (Q: Apr. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(100.022	+	0.75 * 45.769	+	0.5 * 489.916	-	824.44
-	0	-	0)	/	101.878
=	-4.37

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

Sears Canada's Days Inventory for the three months ended in Apr. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2017 )	/	Cost of Goods Sold (Q: Apr. 2017 )	*	Days in Period
	=	471.955	/	291.211	*	365 / 4
	=	147.89

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

Sears Canada's Inventory Turnover for the quarter that ended in Apr. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Apr. 2017 )	/	Average Total Inventories (Q: Apr. 2017 )
	=	291.211	/	471.955
	=	0.62

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.

Sears Canada's Inventory to Revenue for the quarter that ended in Apr. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2017 )	/	Revenue (Q: Apr. 2017 )
	=	471.955	/	376.2
	=	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.

Sears Canada Total Inventories Related Terms

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Sears Canada (Sears Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sears Canada Inc (OTCPK:SRSCQ) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

290 Yonge Street, Suite 700, Toronto, ON, CAN, M5B 2C3

Website

http://www.sears.ca

Sears Canada Inc is in the sale of goods and services through the Company's Retail channels. It comprised of one reportable segment, Merchandising. Which includes its full-line department, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. stores, and its Direct (catalog/internet) channel. It also includes service revenue related primarily to logistics services provided through the Company. Commission revenue includes travel, home improvement services, insurance, wireless and long-distance plans. Licensee fee revenue is comprised of payments received from licensees that operate within the Company stores.

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