Thai Wah Starch (BKK:TWS) Total Inventories : ฿359 Mil (As of Jun. 2015)

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What is Thai Wah Starch Total Inventories?

Thai Wah Starch's total inventories for the quarter that ended in Jun. 2015 was ฿359 Mil. Thai Wah Starch's average total inventories from the quarter that ended in Mar. 2015 to the quarter that ended in Jun. 2015 was ฿451 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Thai Wah Starch's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was ฿6.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thai Wah Starch's Days Inventory for the three months ended in Jun. 2015 was 23.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thai Wah Starch's Inventory Turnover for the quarter that ended in Jun. 2015 was 3.91.

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. Thai Wah Starch's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 0.21.

Thai Wah Starch Total Inventories Historical Data

The historical data trend for Thai Wah Starch'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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Thai Wah Starch Total Inventories Chart

Thai Wah Starch Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Total Inventories

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291.47

318.72

299.31

419.55

391.45

Thai Wah Starch Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Total Inventories	Get a 7-Day Free Trial															403.38	344.50	391.45	541.90	359.17

Thai Wah Starch 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.

Thai Wah Starch (BKK:TWS) 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.

Thai Wah Starch's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2015 is

	Net-Net Working Capital Per Share (Q: Jun. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(842.344	+	0.75 * 0	+	0.5 * 359.169	-	381.73
-	0	-	149.82)	/	78.536
=	6.24

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

Thai Wah Starch's Days Inventory for the three months ended in Jun. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2015 )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
	=	450.533	/	1760.781	*	365 / 4
	=	23.35

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

Thai Wah Starch's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2015 )	/	Average Total Inventories (Q: Jun. 2015 )
	=	1760.781	/	450.533
	=	3.91

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.

Thai Wah Starch's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	450.533	/	2140.857
	=	0.21

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.

Thai Wah Starch Total Inventories Related Terms

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Thai Wah Starch (BKK:TWS) Business Description

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http://www.thaiwah.com

Thai Wah Starch PLC was incorporated and domiciled in Thailand on 26 February 2014. It is engaged in the manufacture and distribution of agricultural products such as tapioca starch and related products in Thailand and Vietnam. Its products include tapioca starch, alpha starch, rice and glutinous flour, glucose, candy, tapioca pearl, tapioca chips and pellets, and sorbitol, which are used for consumption and for the paper industry, weaving industry and food industry.

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