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Avitar (Avitar) Total Inventories : $0.23 Mil (As of Dec. 2007)


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What is Avitar Total Inventories?

Avitar's total inventories for the quarter that ended in Dec. 2007 was $0.23 Mil. Avitar's average total inventories from the quarter that ended in Sep. 2007 to the quarter that ended in Dec. 2007 was $0.23 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Avitar's Net-Net Working Capital per share for the quarter that ended in Dec. 2007 was $-0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avitar's Days Inventory for the three months ended in Dec. 2007 was 46.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avitar's Inventory Turnover for the quarter that ended in Dec. 2007 was 1.95.

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. Avitar's Inventory-to-Revenue for the quarter that ended in Dec. 2007 was 0.45.


Avitar Total Inventories Historical Data

The historical data trend for Avitar'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.

Avitar Total Inventories Chart

Avitar Annual Data
Trend Sep98 Sep99 Sep00 Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.35 0.38 0.27 0.23

Avitar Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.32 0.23 0.23 0.23

Avitar 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.


Avitar  (OTCPK:AVTI) 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.

Avitar's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2007 is

Net-Net Working Capital Per Share (Q: Dec. 2007 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.003+0.75 * 0.173+0.5 * 0.225-12.551
-0-0)/102.789
=-0.12

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

Avitar's Days Inventory for the three months ended in Dec. 2007 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2007 )/Cost of Goods Sold (Q: Dec. 2007 )*Days in Period
=0.225/0.438*365 / 4
=46.88

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

Avitar's Inventory Turnover for the quarter that ended in Dec. 2007 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2007 ) / Average Total Inventories (Q: Dec. 2007 )
=0.438 / 0.225
=1.95

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.

Avitar's Inventory to Revenue for the quarter that ended in Dec. 2007 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2007 ) / Revenue (Q: Dec. 2007 )
=0.225 / 0.505
=0.45

* 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.


Avitar Total Inventories Related Terms

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Avitar (Avitar) Business Description

Traded in Other Exchanges
N/A
Address
5005 Elbow Drive SW, Suite 207, Calgary, AB, CAN, T2S 1T9
Website
Avitar Inc, through its subsidiary Avitar Technologies, develops, manufactures, and markets products for oral fluid diagnostics, disease and clinical testing, and wound treating.

Avitar (Avitar) Headlines