Aquarius Platinum (Aquarius Platinum) Total Inventories : $0.0 Mil (As of Dec. 2015)

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What is Aquarius Platinum Total Inventories?

Aquarius Platinum's total inventories for the quarter that ended in Dec. 2015 was $0.0 Mil. Aquarius Platinum's average total inventories from the quarter that ended in Jun. 2015 to the quarter that ended in Dec. 2015 was $4.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Aquarius Platinum's Net-Net Working Capital per share for the quarter that ended in Dec. 2015 was $-0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aquarius Platinum's Days Inventory for the six months ended in Dec. 2015 was 8.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aquarius Platinum's Inventory Turnover for the quarter that ended in Dec. 2015 was 21.57.

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. Aquarius Platinum's Inventory-to-Revenue for the quarter that ended in Dec. 2015 was 0.05.

Aquarius Platinum Total Inventories Historical Data

The historical data trend for Aquarius Platinum'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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Aquarius Platinum Total Inventories Chart

Aquarius Platinum Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Total Inventories

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43.95

44.26

15.24

15.25

8.46

Aquarius Platinum Semi-Annual Data
	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
Total Inventories	Get a 7-Day Free Trial															-	15.25	-	8.46	-

Aquarius Platinum 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.

Aquarius Platinum (OTCPK:AQPTY) 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.

Aquarius Platinum's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2015 is

	Net-Net Working Capital Per Share (Q: Dec. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(42.169	+	0.75 * 0	+	0.5 * 0	-	88.749
-	0	-	3.611)	/	754.172
=	-0.07

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

Aquarius Platinum's Days Inventory for the six months ended in Dec. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2015 )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
	=	4.2315	/	91.255	*	365 / 2
	=	8.46

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

Aquarius Platinum's Inventory Turnover for the quarter that ended in Dec. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2015 )	/	Average Total Inventories (Q: Dec. 2015 )
	=	91.255	/	4.2315
	=	21.57

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.

Aquarius Platinum's Inventory to Revenue for the quarter that ended in Dec. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2015 )	/	Revenue (Q: Dec. 2015 )
	=	4.2315	/	78.328
	=	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.

Aquarius Platinum Total Inventories Related Terms

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Aquarius Platinum (Aquarius Platinum) Business Description

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Website

http://www.aquariusplatinum.com

Aquarius Platinum Ltd was incorporated in Bermuda as an exempted company and is subject to Bermudian law. The Company is a producer of the platinum group metals, which comprise platinum, palladium, rhodium, osmium, ruthenium and iridium. The Ruthenium and iridium are produced in smaller quantities as co-products, with the base metals nickel, copper and chrome produced as by-products. The Company's operations include Kroondal and Mimosa. The Kroondal is located up-dip of Amplat's Rustenburg Platinum Mine, exploits the UG2 reef in the Townlands and Kroondal ore bodies via five operating decline shafts to depths of up to 700m. The Mimosa is located on the Wedza sub-chamber of the southern portion of the Great Dyke in Zimbabwe.

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