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ITT Educational Services's total inventories for the quarter that ended in Jun. 2016 was $0.0 Mil. ITT Educational Services's average total inventories from the quarter that ended in Mar. 2016 to the quarter that ended in Jun. 2016 was $0.0 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ITT Educational Services's Net-Net Working Capital per share for the quarter that ended in Jun. 2016 was $-12.71.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ITT Educational Services's Days Inventory for the three months ended in Jun. 2016 was 0.00.
Inventory Turnover measures how fast the company turns over its inventory within a year.
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. ITT Educational Services's Inventory-to-Revenue for the quarter that ended in Jun. 2016 was 0.00.
The historical data trend for ITT Educational Services'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.
ITT Educational Services Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
ITT Educational Services Quarterly Data | ||||||||||||||||||||
Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
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.
ITT Educational Services (OTCPK:ESINQ) 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.
ITT Educational Services's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2016 is
Net-Net Working Capital Per Share (Q: Jun. 2016 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (77.999 | + | 0.75 * 49.242 | + | 0.5 * 0 | - | 419.831 |
- | 0 | - | 0) | / | 23.9884 | ||
= | -12.71 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
ITT Educational Services's Days Inventory for the three months ended in Jun. 2016 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2016 ) | / | Cost of Goods Sold (Q: Jun. 2016 ) | * | Days in Period |
= | 0 | / | 88.592 | * | 365 / 4 | |
= | 0.00 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
ITT Educational Services's Inventory Turnover for the quarter that ended in Jun. 2016 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jun. 2016 ) | / | Average Total Inventories (Q: Jun. 2016 ) |
= | 88.592 | / | 0 | |
= | N/A |
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.
ITT Educational Services's Inventory to Revenue for the quarter that ended in Jun. 2016 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2016 ) | / | Revenue (Q: Jun. 2016 ) |
= | 0 | / | 176.324 | |
= | 0.00 |
* 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.
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.
Thank you for viewing the detailed overview of ITT Educational Services's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Tarasi Rocco F Iii | officer: EVP, Chief Financial Officer | C/O ITT EDUCATIONAL SERVICES INC, 13000 NORTH MERIDIAN STREET, CARMEL IN 46032 |
June M Mccormack | officer: EVP & President Online Div | 13000 NORTH MERIDIAN STREET, CARMEL IN 46032 |
Brown C David Ii | director | 3000 GALLERIA TOWER, STE 1000, BIRMINGHAM AL 35244 |
Thomas I Morgan | director | 30541 CARNEY CREEK ROAD, BIGFORK MT 59911 |
Joanna T Lau | director | 30 MONUMENT SQUARE, SUITE 220, CONCORD MA 01742 |
Ryan L Roney | officer: EVP,Chief Admin&Legal Officer | 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
Richard C Blum & Associates Inc | 10 percent owner | 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
Blum Capital Partners Lp | 10 percent owner | 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
Blum Strategic Gp Iii, L.l.c. | 10 percent owner | 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
Blum Strategic Gp Iv, L.l.c. | 10 percent owner | 909 MONTOGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
Saddlepoint Partners Gp, L.l.c. | 10 percent owner | 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
Jeffrey R Cooper | officer: SVP, Chief Compliance Officer | 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173 |
Blum Strategic Gp Ii Llc | 10 percent owner | 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
Rand V Araskog | director | -, 125 WORTH AVENUE, SUITE 300, PALM BEACH FL 33480 |
Richard C Blum | 10 percent owner | BLUM CAPITAL PARTNERS, LP, 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
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