EKCS (Electronic Control Security) Total Inventories : $1.86 Mil (As of Mar. 2014)

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What is Electronic Control Security Total Inventories?

Electronic Control Security's total inventories for the quarter that ended in Mar. 2014 was $1.86 Mil. Electronic Control Security's average total inventories from the quarter that ended in Dec. 2013 to the quarter that ended in Mar. 2014 was $1.87 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Electronic Control Security's Net-Net Working Capital per share for the quarter that ended in Mar. 2014 was $-0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electronic Control Security's Days Inventory for the three months ended in Mar. 2014 was 1,395.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Electronic Control Security's Inventory Turnover for the quarter that ended in Mar. 2014 was 0.07.

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. Electronic Control Security's Inventory-to-Revenue for the quarter that ended in Mar. 2014 was 24.55.

Electronic Control Security Total Inventories Historical Data

The historical data trend for Electronic Control Security'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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Electronic Control Security Total Inventories Chart

Electronic Control Security Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Total Inventories

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2.15

1.88

1.94

1.96

1.84

Electronic Control Security Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Total Inventories	Get a 7-Day Free Trial															2.04	1.84	1.84	1.88	1.86

Electronic Control Security 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.

Electronic Control Security (OTCPK:EKCS) 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.

Electronic Control Security's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2014 is

	Net-Net Working Capital Per Share (Q: Mar. 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 * 0.586	+	0.5 * 1.855	-	3.635
-	0.003	-	0)	/	15.8666
=	-0.14

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

Electronic Control Security's Days Inventory for the three months ended in Mar. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2014 )	/	Cost of Goods Sold (Q: Mar. 2014 )	*	Days in Period
	=	1.8655	/	0.122	*	365 / 4
	=	1,395.30

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

Electronic Control Security's Inventory Turnover for the quarter that ended in Mar. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2014 )	/	Average Total Inventories (Q: Mar. 2014 )
	=	0.122	/	1.8655
	=	0.07

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.

Electronic Control Security's Inventory to Revenue for the quarter that ended in Mar. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2014 )	/	Revenue (Q: Mar. 2014 )
	=	1.8655	/	0.076
	=	24.55

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.

Electronic Control Security Total Inventories Related Terms

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Electronic Control Security Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Electronic Control Security Inc (OTCPK:EKCS) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

790 Bloomfield Avenue, Building C-1, Clifton, NJ, USA, 07012

Website

https://www.ecsiinternationalgov.com

Electronic Control Security Inc is a single source security technology provider. It designs, manufactures, and supplies standalone and fully integrated state-of-the-art entry control and perimeter intrusion detection systems for the Department of Defense, Department of Energy, nuclear power stations, and various international customers. ECSI designs and interfaces commercial-off-the-shelf hardware, offering systems that are cost-effective and flexible to achieve a secure and normal environment for a facility. Its products are Advanced Radar Technologies; Water Infrastructure Sensing Equipment; Flight Line Security and Others.

Executives

Stephen Rossetti	director	5408 DUVALL DR, BETHESDA MD 20816-1872
Gordon E Fornell	director
Norman J Barta	director	C/O NEPHROS, INC., 3960 BROADWAY, NEW YORK NY 10032

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