CMNR (Commerce Energy Group) Total Inventories : $0.0 Mil (As of Apr. 2009)

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What is Commerce Energy Group Total Inventories?

Commerce Energy Group's total inventories for the quarter that ended in Apr. 2009 was $0.0 Mil. Commerce Energy Group's average total inventories from the quarter that ended in Jan. 2009 to the quarter that ended in Apr. 2009 was $0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Commerce Energy Group's Net-Net Working Capital per share for the quarter that ended in Apr. 2009 was $N/A.

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.

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.

Commerce Energy Group Total Inventories Historical Data

The historical data trend for Commerce Energy 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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Commerce Energy Group Total Inventories Chart

Commerce Energy Group Annual Data

Trend

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul06

Jul07

Jul08

Total Inventories

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4.56

4.58

5.91

7.72

Commerce Energy Group Quarterly Data
	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09
Total Inventories	Get a 7-Day Free Trial															2.56	7.72	-	-	-

Commerce Energy 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.

Commerce Energy Group (OTCPK:CMNR) 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.

Commerce Energy Group's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2009 is

	Net-Net Working Capital Per Share (Q: Apr. 2009 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0.75 * 0	+	0.5 * 0	-	N/A
-	0	-	0)	/	30.7621
=	N/A

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

Commerce Energy Group's Days Inventory for the three months ended in Apr. 2009 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2009 )	/	Cost of Goods Sold (Q: Apr. 2009 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

Commerce Energy Group's Inventory Turnover for the quarter that ended in Apr. 2009 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Apr. 2009 )	/	Average Total Inventories (Q: Apr. 2009 )
	=	0	/	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.

Commerce Energy Group's Inventory to Revenue for the quarter that ended in Apr. 2009 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2009 )	/	Revenue (Q: Apr. 2009 )
	=	0	/	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.

Commerce Energy Group Total Inventories Related Terms

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Commerce Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Commerce Energy Group Inc (OTCPK:CMNR) » Definitions » Total Inventories

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Traded in Other Exchanges

N/A

Address

600 Anton Boulevard, Suite 2000, Costa Mesa, CA, USA, 92626

Website

http://www.commerceenergy.com

Commerce Energy Group Inc provides electricity and natural gas supply to residential and commercial customers across North America.

Executives

C Douglas Mitchell	officer: Chief Financial Officer	600 WILSHIRE BOULEVARD, SUITE 1500, LOS ANGELES CA 90017
Spectrum Galaxy Fund Ltd.	10 percent owner	50 CALIFORNIA STREET, SUITE 1500, SAN FRANCISCO CA 94111
Daniel Zeff	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Zeff Capital Partners I, L.p.	10 percent owner	C/O ZEFF HOLDING COMPANY, LLC, 50 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Zeff Holding Company, Llc	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020

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