China Marine Food Group (China Marine Food Group) Total Inventories : $68.5 Mil (As of Sep. 2013)

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What is China Marine Food Group Total Inventories?

China Marine Food Group's total inventories for the quarter that ended in Sep. 2013 was $68.5 Mil. China Marine Food Group's average total inventories from the quarter that ended in Jun. 2013 to the quarter that ended in Sep. 2013 was $67.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Marine Food Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2013 was $0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Marine Food Group's Days Inventory for the three months ended in Sep. 2013 was 343.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Marine Food Group's Inventory Turnover for the quarter that ended in Sep. 2013 was 0.27.

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 Marine Food Group's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 2.62.

China Marine Food Group Total Inventories Historical Data

The historical data trend for China Marine Food Group'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 Marine Food Group Total Inventories Chart

China Marine Food Group Annual Data

Trend

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Total Inventories

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6.68

3.88

9.99

8.89

36.42

China Marine Food Group Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Total Inventories	Get a 7-Day Free Trial															52.83	36.42	67.20	65.78	68.46

China Marine Food Group 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 Marine Food Group (OTCPK:CMFO) 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 Marine Food Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2013 is

	Net-Net Working Capital Per Share (Q: Sep. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.807	+	0.75 * 30.314	+	0.5 * 68.456	-	30.136
-	0	-	0.356)	/	29.723
=	0.92

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

China Marine Food Group's Days Inventory for the three months ended in Sep. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2013 )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
	=	67.1155	/	17.83	*	365 / 4
	=	343.48

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

China Marine Food Group's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2013 )	/	Average Total Inventories (Q: Sep. 2013 )
	=	17.83	/	67.1155
	=	0.27

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 Marine Food Group's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2013 )	/	Revenue (Q: Sep. 2013 )
	=	67.1155	/	25.659
	=	2.62

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 Marine Food Group Total Inventories Related Terms

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China Marine Food Group (China Marine Food Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Marine Food Group Ltd (OTCPK:CMFO) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Da Bao Industrial Zone, Shishi, Fujian, CHN, 362700

Website

http://www.china-marine.cn

China Marine Food Group Ltd is engaged in in the business of processing, distribution & sale of processed seafood-based snack foods, as well as the sale of fresh & frozen marine catch & ices. It also offers algae-based soft drinks.

Executives

Phil Frohlich	10 percent owner	1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529
Prescott Group Capital Management, L.l.c.	10 percent owner	1924 SOUTH UTICA, SUITE 1120, TULSA OK 74104-6429
Jayhawk Capital Management Llc	10 percent owner, other: 13(d) group owning >10%	13021 W 74TH ST, SHAWNEE KS 66216
Kent C Mccarthy	10 percent owner, other: Member 13(d) group owning >10%	930 TAHOE BLVD., 802-281, INCLINE VILLAGE NV 89451
Jayhawk Private Equity Fund L P	10 percent owner, other: 13(d) group owning >10%	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Jayhawk Private Equity Co Invest Fund Lp	other: Member of the group	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Jayhawk Private Equity Gp, L.p.	10 percent owner, other: 13(d) group owning >10%	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Hon Wai Ku	officer: Chief Financial Officer	SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000