China Runji Cement (China Runji Cement) Total Inventories : $3.05 Mil (As of Feb. 2011)

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What is China Runji Cement Total Inventories?

China Runji Cement's total inventories for the quarter that ended in Feb. 2011 was $3.05 Mil. China Runji Cement's average total inventories from the quarter that ended in Nov. 2010 to the quarter that ended in Feb. 2011 was $2.74 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Runji Cement's Net-Net Working Capital per share for the quarter that ended in Feb. 2011 was $-0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Runji Cement's Days Inventory for the three months ended in Feb. 2011 was 21.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Runji Cement's Inventory Turnover for the quarter that ended in Feb. 2011 was 4.15.

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 Runji Cement's Inventory-to-Revenue for the quarter that ended in Feb. 2011 was 0.16.

China Runji Cement Total Inventories Historical Data

The historical data trend for China Runji Cement'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 Runji Cement Total Inventories Chart

China Runji Cement Annual Data

Trend

Jan06

Jan07

Aug08

Aug09

Aug10

Total Inventories

3.28

1.89

2.09

China Runji Cement Quarterly Data
	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11
Total Inventories	Get a 7-Day Free Trial															2.05	4.15	2.09	2.44	3.05

China Runji Cement 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 Runji Cement (GREY:CRJI) 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 Runji Cement's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2011 is

	Net-Net Working Capital Per Share (Q: Feb. 2011 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.453	+	0.75 * 7.824	+	0.5 * 3.051	-	49.656
-	0	-	0)	/	78.8321
=	-0.52

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

China Runji Cement's Days Inventory for the three months ended in Feb. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2011 )	/	Cost of Goods Sold (Q: Feb. 2011 )	*	Days in Period
	=	2.744	/	11.384	*	365 / 4
	=	21.99

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

China Runji Cement's Inventory Turnover for the quarter that ended in Feb. 2011 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2011 )	/	Average Total Inventories (Q: Feb. 2011 )
	=	11.384	/	2.744
	=	4.15

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 Runji Cement's Inventory to Revenue for the quarter that ended in Feb. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2011 )	/	Revenue (Q: Feb. 2011 )
	=	2.744	/	17.042
	=	0.16

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 Runji Cement Total Inventories Related Terms

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China Runji Cement (China Runji Cement) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Runji Cement Inc (GREY:CRJI) » Definitions » Total Inventories

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Address

Xianzong town, Hanshan county, Chaohu, Anhui, CHN

Website

China Runji Cement Inc through its subsidiary is engaged in the production and sale of cement in mainland China.

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