Cortelco Systems Puerto Rico (Cortelco Systems Puerto Rico) Total Inventories : $0.41 Mil (As of Apr. 2009)

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What is Cortelco Systems Puerto Rico Total Inventories?

Cortelco Systems Puerto Rico's total inventories for the quarter that ended in Apr. 2009 was $0.41 Mil. Cortelco Systems Puerto Rico's average total inventories from the quarter that ended in Jan. 2009 to the quarter that ended in Apr. 2009 was $0.38 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cortelco Systems Puerto Rico's Net-Net Working Capital per share for the quarter that ended in Apr. 2009 was $0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cortelco Systems Puerto Rico's Days Inventory for the three months ended in Apr. 2009 was 20.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cortelco Systems Puerto Rico's Inventory Turnover for the quarter that ended in Apr. 2009 was 4.45.

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. Cortelco Systems Puerto Rico's Inventory-to-Revenue for the quarter that ended in Apr. 2009 was 0.17.

Cortelco Systems Puerto Rico Total Inventories Historical Data

The historical data trend for Cortelco Systems Puerto Rico'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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Cortelco Systems Puerto Rico Total Inventories Chart

Cortelco Systems Puerto Rico Annual Data

Trend

Jul02

Jul03

Jul04

Jul05

Jul06

Jul07

Jul08

Total Inventories

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0.44

0.28

0.25

0.54

0.13

Cortelco Systems Puerto Rico 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															0.17	0.13	0.12	0.36	0.41

Cortelco Systems Puerto Rico 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.

Cortelco Systems Puerto Rico (OTCPK:CPROF) 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.

Cortelco Systems Puerto Rico'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)
=	(0.439	+	0.75 * 2.42	+	0.5 * 0.405	-	2.115
-	0	-	0)	/	1.58854
=	0.21

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

Cortelco Systems Puerto Rico'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
	=	0.3835	/	1.707	*	365 / 4
	=	20.50

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

Cortelco Systems Puerto Rico'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 )
	=	1.707	/	0.3835
	=	4.45

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.

Cortelco Systems Puerto Rico'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 )
	=	0.3835	/	2.259
	=	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.

Cortelco Systems Puerto Rico Total Inventories Related Terms

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Cortelco Systems Puerto Rico (Cortelco Systems Puerto Rico) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cortelco Systems Puerto Rico Inc (OTCPK:CPROF) » Definitions » Total Inventories

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Address

Parque Ind. Caguas Oeste Road, 156 km 58.2, Caguas, PRI, 00726-7076

Website

http://www.cortelcopr.net

Cortelco Systems Puerto Rico Inc is engaged in the business of telecommunication systems. It offers security services, such as network security; and endpoint security comprising PCs, laptops, smart phones, tablets, barcode readers, or POS terminals. Geographically the activities are carried out through Puerto Rico.

Cortelco Systems Puerto Rico (Cortelco Systems Puerto Rico) Headlines

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