Penrice Soda Holdings (ASX:PSH) Total Inventories : A$18.5 Mil (As of Dec. 2013)

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What is Penrice Soda Holdings Total Inventories?

Penrice Soda Holdings's total inventories for the quarter that ended in Dec. 2013 was A$18.5 Mil. Penrice Soda Holdings's average total inventories from the quarter that ended in Jun. 2013 to the quarter that ended in Dec. 2013 was A$17.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Penrice Soda Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was A$-1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Penrice Soda Holdings's Days Inventory for the six months ended in Dec. 2013 was 106.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Penrice Soda Holdings's Inventory Turnover for the quarter that ended in Dec. 2013 was 1.72.

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. Penrice Soda Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.44.

Penrice Soda Holdings Total Inventories Historical Data

The historical data trend for Penrice Soda Holdings'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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Penrice Soda Holdings Total Inventories Chart

Penrice Soda Holdings Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Total Inventories

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55.98

63.07

51.05

25.94

16.46

Penrice Soda Holdings Semi-Annual Data
	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
Total Inventories	Get a 7-Day Free Trial												51.36	25.94	27.12	16.46	18.55

Penrice Soda Holdings 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.

Penrice Soda Holdings (ASX:PSH) 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.

Penrice Soda Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 is

	Net-Net Working Capital Per Share (Q: Dec. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.207	+	0.75 * 0	+	0.5 * 18.548	-	168.697
-	0	-	0)	/	91.362
=	-1.74

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

Penrice Soda Holdings's Days Inventory for the six months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	17.503	/	30.033	*	365 / 2
	=	106.36

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

Penrice Soda Holdings's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2013 )	/	Average Total Inventories (Q: Dec. 2013 )
	=	30.033	/	17.503
	=	1.72

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.

Penrice Soda Holdings's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	17.503	/	39.854
	=	0.44

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.

Penrice Soda Holdings Total Inventories Related Terms

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Penrice Soda Holdings (ASX:PSH) Business Description

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Address

Website

http://www.penrice.com.au

Penrice Soda Holdings Limited (PSH) is a manufacturer of soda ash and sodium bicarbonate in Australia. Penrice operates the soda ash and sodium bicarbonate plant located at Osborne, close to Adelaide and also operates the marble and limestone mine in SA at Angaston in the Barossa Valley.