Wowjoint Holdings (Wowjoint Holdings) Total Inventories : $3.91 Mil (As of Dec. 2013)

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What is Wowjoint Holdings Total Inventories?

Wowjoint Holdings's total inventories for the quarter that ended in Dec. 2013 was $3.91 Mil. Wowjoint Holdings's average total inventories from the quarter that ended in Jun. 2013 to the quarter that ended in Dec. 2013 was $5.25 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Wowjoint Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was $-1.97.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Wowjoint Holdings's Inventory Turnover for the quarter that ended in Dec. 2013 was 0.00.

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.

Wowjoint Holdings Total Inventories Historical Data

The historical data trend for Wowjoint Holdings'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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Wowjoint Holdings Total Inventories Chart

Wowjoint Holdings Annual Data

Trend

Dec08

Dec10

Dec11

Dec12

Dec13

Total Inventories

5.22

6.10

5.28

3.91

Wowjoint Holdings Quarterly Data
	May08	Dec08	Jun09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Dec12	Jun13	Dec13
Total Inventories	Get a 7-Day Free Trial											3.70	4.01	5.28	6.59	3.91

Wowjoint Holdings 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.

Wowjoint Holdings (OTCPK:BWOWF) 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.

Wowjoint Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 is

	Net-Net Working Capital Per Share (Q: Dec. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.566	+	0.75 * 16.401	+	0.5 * 3.907	-	32.384
-	0	-	0)	/	8.42897
=	-1.97

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

Wowjoint Holdings's Days Inventory for the three months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	5.2475	/	0	*	365 / 4
	=

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

Wowjoint Holdings's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2013 )	/	Average Total Inventories (Q: Dec. 2013 )
	=	0	/	5.2475
	=	0.00

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.

Wowjoint Holdings's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	5.2475	/	0
	=

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.

Wowjoint Holdings Total Inventories Related Terms

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Wowjoint Holdings (Wowjoint Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wowjoint Holdings Ltd (OTCPK:BWOWF) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

No. 2 Xinfeng Road, Deshemengwai Street, 1108 A Block Tiancheng Mansion, Xicheng District, Beijing, CHN, 100088

Website

http://www.wowjoint.com

Wowjoint Holdings Ltd provides infrastructure solutions for customized heavy duty lifting and carrying machinery used in large-scale projects. The company operates under the manufacture and marketing of non-standard heavy lifting and carrying equipment in China. The equipment and machinery are used in various engineering fields, such as bridge, road and railway construction, as well as in areas of heavy capacity lifting and transporting of concrete beams, boats, and shipping containers. Geographically all the operations are functioned through the region of China.

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