Avesco Group (Avesco Group) Total Inventories : $1.44 Mil (As of Mar. 2016)

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What is Avesco Group Total Inventories?

Avesco Group's total inventories for the quarter that ended in Mar. 2016 was $1.44 Mil. Avesco Group's average total inventories from the quarter that ended in Sep. 2015 to the quarter that ended in Mar. 2016 was $1.22 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Avesco Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2016 was $-1.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avesco Group's Days Inventory for the six months ended in Mar. 2016 was 3.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avesco Group's Inventory Turnover for the quarter that ended in Mar. 2016 was 53.98.

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. Avesco Group's Inventory-to-Revenue for the quarter that ended in Mar. 2016 was 0.01.

Avesco Group Total Inventories Historical Data

The historical data trend for Avesco Group'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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Avesco Group Total Inventories Chart

Avesco Group Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Total Inventories

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2.38

2.89

1.32

0.97

1.00

Avesco Group Semi-Annual Data
	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16
Total Inventories	Get a 7-Day Free Trial															2.30	0.97	1.13	1.00	1.44

Avesco Group 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.

Avesco Group (OTCPK:AVGPF) 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.

Avesco Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2016 is

	Net-Net Working Capital Per Share (Q: Mar. 2016 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(32.715	+	0.75 * 44.534	+	0.5 * 1.436	-	96.696
-	0	-	0.024)	/	19.08
=	-1.57

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

Avesco Group's Days Inventory for the six months ended in Mar. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2016 )	/	Cost of Goods Sold (Q: Mar. 2016 )	*	Days in Period
	=	1.2155	/	65.616	*	365 / 2
	=	3.38

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

Avesco Group's Inventory Turnover for the quarter that ended in Mar. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2016 )	/	Average Total Inventories (Q: Mar. 2016 )
	=	65.616	/	1.2155
	=	53.98

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.

Avesco Group's Inventory to Revenue for the quarter that ended in Mar. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2016 )	/	Revenue (Q: Mar. 2016 )
	=	1.2155	/	103.942
	=	0.01

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.

Avesco Group Total Inventories Related Terms

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Avesco Group (Avesco Group) Business Description

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http://www.avesco.com

Avesco Group PLC was incorporated on February 2, 1984. The Company provides services to the corporate presentation, entertainment and broadcast markets. Its operating business segments are Creative Technology, Full Service and Broadcast Services. The creative technology provides specialist AV services and equipment to the live events, broadcast and entertainment markets. The full service segment provides full technical support for conferences, sports, music, corporate and television programs. The broadcast services segment provides broadcast equipment, systems and services to the broadcast industry. The Company has operations in the United Kingdom, Mainland Europe, United States of America, and other part of the World.

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