Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) Total Inventories : R$0 Mil (As of Dec. 2011)

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What is Fundo de Recuperacao Economica do Estado do Espiritonto Total Inventories?

Fundo de Recuperacao Economica do Estado do Espiritonto's total inventories for the quarter that ended in Dec. 2011 was R$0 Mil. Fundo de Recuperacao Economica do Estado do Espiritonto's average total inventories from the quarter that ended in Dec. 2010 to the quarter that ended in Dec. 2011 was R$0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fundo de Recuperacao Economica do Estado do Espiritonto's Net-Net Working Capital per share for the quarter that ended in Dec. 2011 was R$N/A.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fundo de Recuperacao Economica do Estado do Espiritonto's Days Inventory for the six months ended in Dec. 2011 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. Fundo de Recuperacao Economica do Estado do Espiritonto's Inventory-to-Revenue for the quarter that ended in Dec. 2011 was 0.00.

Fundo de Recuperacao Economica do Estado do Espiritonto Total Inventories Historical Data

The historical data trend for Fundo de Recuperacao Economica do Estado do Espiritonto'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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Fundo de Recuperacao Economica do Estado do Espiritonto Total Inventories Chart

Fundo de Recuperacao Economica do Estado do Espiritonto Annual Data

Trend

Dec09

Dec10

Dec11

Total Inventories

Fundo de Recuperacao Economica do Estado do Espiritonto Semi-Annual Data
	Dec09	Dec10	Dec11
Total Inventories	-	-	-

Fundo de Recuperacao Economica do Estado do Espiritonto 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.

Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) 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.

Fundo de Recuperacao Economica do Estado do Espiritonto's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2011 is

	Net-Net Working Capital Per Share (Q: Dec. 2011 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(126.675	+	0.75 * 0	+	0.5 * 0	-	0.259
-	0	-	0)	/	0
=	N/A

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

Fundo de Recuperacao Economica do Estado do Espiritonto's Days Inventory for the six months ended in Dec. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2011 )	/	Cost of Goods Sold (Q: Dec. 2011 )	*	Days in Period
	=	0	/	8.1030000000001	*	365 / 2
	=	0.00

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

Fundo de Recuperacao Economica do Estado do Espiritonto's Inventory Turnover for the quarter that ended in Dec. 2011 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2011 )	/	Average Total Inventories (Q: Dec. 2011 )
	=	8.1030000000001	/	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.

Fundo de Recuperacao Economica do Estado do Espiritonto's Inventory to Revenue for the quarter that ended in Dec. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2011 )	/	Revenue (Q: Dec. 2011 )
	=	0	/	4129.189
	=	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.

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Fundo de Recuperacao Economica do Estado do Espiritonto Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fundo de Recuperacao Economica do Estado do Espirito Santo (BSP:FRES11) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

R. Alberto Oliveira Santos, 42 - Sala 1.506, Vitoria, ES, BRA, 29010901

Website

http://www.geres.gov.br

Fundo de Recuperacao Economica do Estado do Espirito Santo is an open-end pension fund that collect GST and income tax based on taxable income.

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