ACS Motion Control (ACS Motion Control) Total Inventories : $2.53 Mil (As of Dec. 2007)

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What is ACS Motion Control Total Inventories?

ACS Motion Control's total inventories for the quarter that ended in Dec. 2007 was $2.53 Mil. ACS Motion Control's average total inventories from the quarter that ended in Sep. 2007 to the quarter that ended in Dec. 2007 was $3.11 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ACS Motion Control's Net-Net Working Capital per share for the quarter that ended in Dec. 2007 was $2.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ACS Motion Control's Days Inventory for the three months ended in Dec. 2007 was 218.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. ACS Motion Control's Inventory Turnover for the quarter that ended in Dec. 2007 was 0.42.

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. ACS Motion Control's Inventory-to-Revenue for the quarter that ended in Dec. 2007 was 1.39.

ACS Motion Control Total Inventories Historical Data

The historical data trend for ACS Motion Control'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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ACS Motion Control Total Inventories Chart

ACS Motion Control Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Total Inventories

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1.98

2.78

2.83

3.66

2.53

ACS Motion Control Quarterly Data
	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
Total Inventories	Get a 7-Day Free Trial															3.66	3.58	3.53	3.68	2.53

ACS Motion Control 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.

ACS Motion Control (OTCPK:ACSEF) 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.

ACS Motion Control's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2007 is

	Net-Net Working Capital Per Share (Q: Dec. 2007 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(7.239	+	0.75 * 1.966	+	0.5 * 2.534	-	2.871
-	0	-	0)	/	3.28075
=	2.17

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

ACS Motion Control's Days Inventory for the three months ended in Dec. 2007 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2007 )	/	Cost of Goods Sold (Q: Dec. 2007 )	*	Days in Period
	=	3.109	/	1.298	*	365 / 4
	=	218.56

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

ACS Motion Control's Inventory Turnover for the quarter that ended in Dec. 2007 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2007 )	/	Average Total Inventories (Q: Dec. 2007 )
	=	1.298	/	3.109
	=	0.42

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.

ACS Motion Control's Inventory to Revenue for the quarter that ended in Dec. 2007 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2007 )	/	Revenue (Q: Dec. 2007 )
	=	3.109	/	2.236
	=	1.39

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.

ACS Motion Control Total Inventories Related Terms

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ACS Motion Control (ACS Motion Control) Business Description

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Address

1 Ha-Taasiya Street, Ramat Gabriel Industrial Park, PO Box 5668, Migdal Ha-Emek, ISR, 2307037

Website

http://www.acsmotioncontrol.com

ACS Motion Control Ltd develops and manufactures advanced motion control products. Its products are utilized in advanced industrial applications, such as semiconductor manufacturing equipment, electronic testing and inspection stations among others. Geographically, it holds presence in USA, Germany, China and South Korea.

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