EFLT (eFleets) Total Inventories : $0.12 Mil (As of Jun. 2014)

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What is eFleets Total Inventories?

eFleets's total inventories for the quarter that ended in Jun. 2014 was $0.12 Mil. eFleets's average total inventories from the quarter that ended in Mar. 2014 to the quarter that ended in Jun. 2014 was $0.12 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. eFleets's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was $-0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. eFleets's Days Inventory for the three months ended in Jun. 2014 was 26.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. eFleets's Inventory Turnover for the quarter that ended in Jun. 2014 was 3.40.

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. eFleets's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.46.

eFleets Total Inventories Historical Data

The historical data trend for eFleets'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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eFleets Total Inventories Chart

eFleets Annual Data

Trend

May09

May10

May11

May12

Dec13

Total Inventories

0.09

eFleets Quarterly Data
	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	Jun13	Sep13	Dec13	Mar14	Jun14
Total Inventories	Get a 7-Day Free Trial															0.27	0.11	0.09	0.12	0.12

eFleets 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.

eFleets (GREY:EFLT) 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.

eFleets'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)
=	(0.001	+	0.75 * 0.168	+	0.5 * 0.118	-	7.478
-	0	-	0)	/	8.87974
=	-0.82

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

eFleets'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
	=	0.119	/	0.405	*	365 / 4
	=	26.81

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

eFleets'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 )
	=	0.405	/	0.119
	=	3.40

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.

eFleets'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 )
	=	0.119	/	0.26
	=	0.46

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.

eFleets Total Inventories Related Terms

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eFleets Business Description

Industry

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Traded in Other Exchanges

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Address

7660 Pebble Drive, Fort Worth, TX, USA, 76118

Website

eFleets Corp is focused on the design, development and manufacturing of an all-electric fleet vehicle for the essential services market. The company's all-electric vehicles are designed for use in traffic control/parking enforcement, security, small package delivery, military, maintenance, airport services, warehouses, and other comparable utility application. Its electric vehicles offer a zero-emission, high performance, low-maintenance and affordable alternative to specifically meet the needs of fleet vehicles in the essential services market. The company is focused on developing technology for its battery management and integrated drive system, which maximizes energy efficiency to satisfy the needs of its customers.

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