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S & B Industrial Minerals (ATH:ARBA) Total Inventories : €101.6 Mil (As of Sep. 2012)


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What is S & B Industrial Minerals Total Inventories?

S & B Industrial Minerals's total inventories for the quarter that ended in Sep. 2012 was €101.6 Mil. S & B Industrial Minerals's average total inventories from the quarter that ended in Jun. 2012 to the quarter that ended in Sep. 2012 was €87.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. S & B Industrial Minerals's Net-Net Working Capital per share for the quarter that ended in Sep. 2012 was €-5.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. S & B Industrial Minerals's Days Inventory for the three months ended in Sep. 2012 was 86.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. S & B Industrial Minerals's Inventory Turnover for the quarter that ended in Sep. 2012 was 1.05.

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. S & B Industrial Minerals's Inventory-to-Revenue for the quarter that ended in Sep. 2012 was 0.75.


S & B Industrial Minerals Total Inventories Historical Data

The historical data trend for S & B Industrial Minerals'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.

* Premium members only.

S & B Industrial Minerals Total Inventories Chart

S & B Industrial Minerals Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 84.25 92.16 65.09 77.06 73.47

S & B Industrial Minerals Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 87.80 73.47 73.02 72.57 101.62

S & B Industrial Minerals 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.


S & B Industrial Minerals  (ATH:ARBA) 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.

S & B Industrial Minerals's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2012 is

Net-Net Working Capital Per Share (Q: Sep. 2012 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(45.05+0.75 * 0+0.5 * 101.619-378.429
-0-0)/51.952
=-5.44

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

S & B Industrial Minerals's Days Inventory for the three months ended in Sep. 2012 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2012 )/Cost of Goods Sold (Q: Sep. 2012 )*Days in Period
=87.095/91.455*365 / 4
=86.90

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

S & B Industrial Minerals's Inventory Turnover for the quarter that ended in Sep. 2012 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2012 ) / Average Total Inventories (Q: Sep. 2012 )
=91.455 / 87.095
=1.05

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.

S & B Industrial Minerals's Inventory to Revenue for the quarter that ended in Sep. 2012 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2012 ) / Revenue (Q: Sep. 2012 )
=87.095 / 115.909
=0.75

* 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.


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.


S & B Industrial Minerals Total Inventories Related Terms

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S & B Industrial Minerals (ATH:ARBA) Business Description

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