US Residential Fund (ASX:USR) Total Inventories : A$0.00 Mil (As of Dec. 2018)

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What is US Residential Fund Total Inventories?

US Residential Fund's total inventories for the quarter that ended in Dec. 2018 was A$0.00 Mil. US Residential Fund's average total inventories from the quarter that ended in Jun. 2018 to the quarter that ended in Dec. 2018 was A$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. US Residential Fund's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was A$0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. US Residential Fund's Days Inventory for the six months ended in Dec. 2018 was 0.00.

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

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. US Residential Fund's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 0.00.

US Residential Fund Total Inventories Historical Data

The historical data trend for US Residential Fund'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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US Residential Fund Total Inventories Chart

US Residential Fund Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Total Inventories

US Residential Fund Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18
Total Inventories	Get a 7-Day Free Trial			-	-	-	-	-

US Residential Fund 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.

US Residential Fund (ASX:USR) 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.

US Residential Fund's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 is

	Net-Net Working Capital Per Share (Q: Dec. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(11.016	+	0.75 * 0.007	+	0.5 * 0	-	1.052
-	0	-	0)	/	31.9996
=	0.31

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

US Residential Fund's Days Inventory for the six months ended in Dec. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2018 )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
	=	0	/	0.185	*	365 / 2
	=	0.00

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

US Residential Fund's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2018 )	/	Average Total Inventories (Q: Dec. 2018 )
	=	0.185	/	0
	=	N/A

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.

US Residential Fund's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2018 )	/	Revenue (Q: Dec. 2018 )
	=	0	/	0.123
	=	0.00

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.

US Residential Fund Total Inventories Related Terms

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US Residential Fund (ASX:USR) Business Description

Industry

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Traded in Other Exchanges

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Address

201 Sussex Street, Level 20, Tower 2, Darling Park, Sydney, NSW, AUS, 2000

Website

http://www.usresi.com

US Residential Fund is a real estate investment trust. The group operates in the United States residential property market. The investment objectives of the fund are expanding and diversifying in the US residential market through direct and indirect property investments, utilizing both debt and equity instruments to facilitate the transactions.

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