Exceed Co (Exceed Co) Total Inventories : $2.6 Mil (As of Jun. 2014)

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What is Exceed Co Total Inventories?

Exceed Co's total inventories for the quarter that ended in Jun. 2014 was $2.6 Mil. Exceed Co's average total inventories from the quarter that ended in Dec. 2013 to the quarter that ended in Jun. 2014 was $2.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Exceed Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was $5.95.

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. Exceed Co's Inventory Turnover for the quarter that ended in Jun. 2014 was 0.00.

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.

Exceed Co Total Inventories Historical Data

The historical data trend for Exceed Co'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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Exceed Co Total Inventories Chart

Exceed Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Inventories

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8.20

6.73

4.98

1.87

3.13

Exceed Co Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Jun14
Total Inventories	Get a 7-Day Free Trial															1.54	2.33	2.16	3.13	2.56

Exceed Co 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.

Exceed Co (OTCPK:EDSFF) 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.

Exceed Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 is

	Net-Net Working Capital Per Share (Q: Jun. 2014 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(123.579	+	0.75 * 144.156	+	0.5 * 2.555	-	35.852
-	0	-	0)	/	33.141
=	5.95

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

Exceed Co's Days Inventory for the three months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
	=	2.8415	/	0	*	365 / 4
	=

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

Exceed Co's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2014 )	/	Average Total Inventories (Q: Jun. 2014 )
	=	0	/	2.8415
	=	0.00

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.

Exceed Co's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2014 )	/	Revenue (Q: Jun. 2014 )
	=	2.8415	/	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.

Exceed Co Total Inventories Related Terms

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Exceed Co (Exceed Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Exceed Co Ltd (OTCPK:EDSFF) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

79 Chatham Road South, Level 12, China Minmetals Tower, Tsim Sha Tsui, Kowloon, HKG

Website

http://www.ir.xdlong.cn

Exceed Co Ltd is engaged in the apparel industry. Its activities comprise of design, development, and wholesale of sporting goods, including footwear, apparel, and accessories, under its own brand. Its products include footwear, which comprises running, leisure, basketball, skateboarding, canvas, tennis, and outdoor footwear; apparel, which comprises sports tops, pants, jackets, tracksuits and coats, and accessories, which comprise bags, socks, hats, and caps.

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