China Taifeng Beddings Holdings (China Taifeng Beddings Holdings) Total Inventories : $13.0 Mil (As of Jun. 2014)

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What is China Taifeng Beddings Holdings Total Inventories?

China Taifeng Beddings Holdings's total inventories for the quarter that ended in Jun. 2014 was $13.0 Mil. China Taifeng Beddings Holdings's average total inventories from the quarter that ended in Dec. 2013 to the quarter that ended in Jun. 2014 was $12.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Taifeng Beddings Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was $0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Taifeng Beddings Holdings's Days Inventory for the six months ended in Jun. 2014 was 23.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Taifeng Beddings Holdings's Inventory Turnover for the quarter that ended in Jun. 2014 was 7.74.

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. China Taifeng Beddings Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.12.

China Taifeng Beddings Holdings Total Inventories Historical Data

The historical data trend for China Taifeng Beddings 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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China Taifeng Beddings Holdings Total Inventories Chart

China Taifeng Beddings Holdings Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Inventories

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13.63

20.98

18.52

13.89

11.81

China Taifeng Beddings Holdings Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Total Inventories	Get a 7-Day Free Trial						13.68	13.89	20.31	11.81	12.98

China Taifeng Beddings 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.

China Taifeng Beddings Holdings (OTCPK:CBEDF) 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.

China Taifeng Beddings Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 is

	Net-Net Working Capital Per Share (Q: Jun. 2014 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(306.823	+	0.75 * 122.967	+	0.5 * 12.978	-	202.05
-	0	-	0)	/	1000
=	0.20

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

China Taifeng Beddings Holdings's Days Inventory for the six months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
	=	12.3955	/	95.959	*	365 / 2
	=	23.57

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

China Taifeng Beddings Holdings's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2014 )	/	Average Total Inventories (Q: Jun. 2014 )
	=	95.959	/	12.3955
	=	7.74

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.

China Taifeng Beddings Holdings's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2014 )	/	Revenue (Q: Jun. 2014 )
	=	12.3955	/	106.804
	=	0.12

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.

China Taifeng Beddings Holdings Total Inventories Related Terms

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China Taifeng Beddings Holdings (China Taifeng Beddings Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Taifeng Beddings Holdings Ltd (OTCPK:CBEDF) » Definitions » Total Inventories

Traded in Other Exchanges

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Address

Website

http://www.taifeng.cc

China Taifeng Beddings Holdings Ltd along with its subsidiaries is engaged in the manufacturing and distribution of cotton yarns and bedding products in China. The Manufacture and Distribution of Cotton Yarns segment are engaged in the manufacture of cotton yarns tailored to the requirements of customers, as well as the distribution of the cotton yarns to textile manufacturers in domestic and overseas markets. The Manufacture and Distribution of Bedding Products segment are engaged in the manufacture and distribution of bed covers, flat sheets, pillowcases, bed sheets, quilt covers and other bedding products. Its products are sold under TAIFENG brand in China market or sold to overseas original equipment manufacturer customers under their international brands.

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