California Style Palms (California Style Palms) Total Inventories : $0.38 Mil (As of Sep. 2006)

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What is California Style Palms Total Inventories?

California Style Palms's total inventories for the quarter that ended in Sep. 2006 was $0.38 Mil. California Style Palms's average total inventories from the quarter that ended in Jun. 2006 to the quarter that ended in Sep. 2006 was $0.61 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. California Style Palms's Net-Net Working Capital per share for the quarter that ended in Sep. 2006 was $-35.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. California Style Palms's Days Inventory for the three months ended in Sep. 2006 was 29.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. California Style Palms's Inventory Turnover for the quarter that ended in Sep. 2006 was 3.05.

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. California Style Palms's Inventory-to-Revenue for the quarter that ended in Sep. 2006 was 0.17.

California Style Palms Total Inventories Historical Data

The historical data trend for California Style Palms'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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California Style Palms Total Inventories Chart

California Style Palms Annual Data

Trend

Jan97

Jan98

Jan99

Jan00

Jan01

Jan02

Jan03

Mar05

Total Inventories

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1.79

1.52

1.37

1.20

1.54

California Style Palms Quarterly Data
	Jul00	Oct00	Jan01	Apr01	Jul01	Oct01	Jan02	Apr02	Jul02	Oct02	Jan03	Apr03	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Total Inventories	Get a 7-Day Free Trial															6.06	3.42	1.24	0.84	0.38

California Style Palms 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.

California Style Palms (OTCPK:CFPI) 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.

California Style Palms's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2006 is

	Net-Net Working Capital Per Share (Q: Sep. 2006 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.004	+	0.75 * 0.1	+	0.5 * 0.382	-	24.706
-	0	-	0)	/	0.6839
=	-35.73

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

California Style Palms's Days Inventory for the three months ended in Sep. 2006 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2006 )	/	Cost of Goods Sold (Q: Sep. 2006 )	*	Days in Period
	=	0.6095	/	1.856	*	365 / 4
	=	29.97

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

California Style Palms's Inventory Turnover for the quarter that ended in Sep. 2006 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2006 )	/	Average Total Inventories (Q: Sep. 2006 )
	=	1.856	/	0.6095
	=	3.05

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.

California Style Palms's Inventory to Revenue for the quarter that ended in Sep. 2006 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2006 )	/	Revenue (Q: Sep. 2006 )
	=	0.6095	/	3.573
	=	0.17

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.

California Style Palms Total Inventories Related Terms

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California Style Palms (California Style Palms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » California Style Palms Inc (OTCPK:CFPI) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

349 North Renee Street, Orange, CA, USA, 92869-3122

Website

http://www.californiastylepalmsinc.com

California Style Palms Inc is engaged in selling and installation of decorative palm trees. It owns and operates the assets, with the exception of the real estate, of Gregory Palm Farms, LLC, a fourth-generation farmers company who live to grow its own products. The company owns and operates two farms in California, and have set up central location in Orange, Orange County. It derives revenues primarily from the sale and installation of decorative palm trees.

Executives

Andrew C Schmidt

director

1700 CARNEGIE AVE, SUITE 100, SANTA ANA CA 92705

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