American Community Newspapers (American Community Newspapers) Total Inventories : $0.75 Mil (As of Jun. 2008)

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What is American Community Newspapers Total Inventories?

American Community Newspapers's total inventories for the quarter that ended in Jun. 2008 was $0.75 Mil. American Community Newspapers's average total inventories from the quarter that ended in Mar. 2008 to the quarter that ended in Jun. 2008 was $0.86 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. American Community Newspapers's Net-Net Working Capital per share for the quarter that ended in Jun. 2008 was $-10.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Community Newspapers's Days Inventory for the three months ended in Jun. 2008 was 10.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. American Community Newspapers's Inventory Turnover for the quarter that ended in Jun. 2008 was 9.01.

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. American Community Newspapers's Inventory-to-Revenue for the quarter that ended in Jun. 2008 was 0.05.

American Community Newspapers Total Inventories Historical Data

The historical data trend for American Community Newspapers'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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American Community Newspapers Total Inventories Chart

American Community Newspapers Annual Data

Trend

Dec05

Dec06

Dec07

Total Inventories

0.62

American Community Newspapers Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
Total Inventories	Get a 7-Day Free Trial								-	0.67	0.62	0.96	0.75

American Community Newspapers 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.

American Community Newspapers (OTCPK:ACNI) 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.

American Community Newspapers's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2008 is

	Net-Net Working Capital Per Share (Q: Jun. 2008 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.552	+	0.75 * 0	+	0.5 * 0.752	-	154.365
-	0	-	0)	/	14.6234
=	-10.36

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

American Community Newspapers's Days Inventory for the three months ended in Jun. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2008 )	/	Cost of Goods Sold (Q: Jun. 2008 )	*	Days in Period
	=	0.855	/	7.706	*	365 / 4
	=	10.12

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

American Community Newspapers's Inventory Turnover for the quarter that ended in Jun. 2008 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2008 )	/	Average Total Inventories (Q: Jun. 2008 )
	=	7.706	/	0.855
	=	9.01

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.

American Community Newspapers's Inventory to Revenue for the quarter that ended in Jun. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2008 )	/	Revenue (Q: Jun. 2008 )
	=	0.855	/	17.211
	=	0.05

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.

American Community Newspapers Total Inventories Related Terms

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American Community Newspapers (American Community Newspapers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » American Community Newspapers Inc (OTCPK:ACNI) » Definitions » Total Inventories

Comparable Companies

FRLF GLBD EDUC MNI AHC LEE VALU DJCO IDWM TRNC NEWM GCI TIME SCHL MDP NYT JW.B

Traded in Other Exchanges

N/A

Address

14875 Landmark Boulevard, Suite 110, Addison, TX, USA, 75254

Website

http://www.acnpapers.com

American Community Newspapers Inc is a community newspaper publisher in the United States, operating within four major U.S. markets.

Executives

Rachesky Mark H Md	10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Fund Management Llc	10 percent owner	1345 AVENUE OF THE AMERICAS,, 42ND FLOOR, NEW YORK NY 10105
Mhr Advisors Llc	10 percent owner
Marilyn Rubenstein	10 percent owner
Woodland Services Corp	10 percent owner
Israel A Englander	other: May be deemed as group member.	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millenco, L.l.c.	10 percent owner	C/O MILLENNIUM MANAGEMENT LLC, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103
Millennium Management Llc	other: May be deemed as group member.	399 PARK AVENUE, NEW YORK NY 10022
Barry Rubenstein	10 percent owner	68 WHEATLEY RD, BROOKVILLE NY 11545

American Community Newspapers (American Community Newspapers) Headlines

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