Essex Rental's total inventories for the quarter that ended in Sep. 2015 was $18.05 Mil. Essex Rental's average total inventories from the quarter that ended in Jun. 2015 to the quarter that ended in Sep. 2015 was $17.47 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Essex Rental's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was $-9.58.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Essex Rental's Days Inventory for the
three
months ended in Sep. 2015 was 92.84.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Essex Rental's Inventory Turnover for the quarter that ended in Sep. 2015 was 0.98.
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.
Essex Rental's Inventory-to-Revenue for the quarter that ended in Sep. 2015 was 0.73.
Essex Rental Total Inventories Historical Data
The historical data trend for Essex Rental'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.
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.
Essex Rental (OTCPK:ESSX) 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.
Essex Rental's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 is
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.
Essex Rental's Inventory to Revenue for the quarter that ended in Sep. 2015 is calculated as
* 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.
Essex Rental Total Inventories Related Terms
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Essex Rental Corp was incorporated in Delaware on August 21, 2006 as a blank check company whose objective was to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business. On October 31, 2008, the Company consummated the acquisition of Holdings and its wholly-owned subsidiary, Essex Crane. Through its operating subsidiaries, Essex Crane and Coast Crane, it is one of North America's providers of lifting equipment including lattice-boom crawler cranes, truck cranes and rough terrain cranes, tower cranes, and other lifting equipment used in construction projects. Its products and services as grouped within the Company's three defined operating segments; equipment rentals; equipment distribution; and parts and service. It offers for rent, crawler cranes and attachments, rough terrain cranes, boom trucks, tower cranes, and other construction related rental equipment. Most attachments are rented separately and increase either the lifting capacity or the reach capabilities of the base crawler cranes and tower cranes. It also offers transportation, rigging and repair and maintenance services while equipment is on rent. It also provides repairs and maintenance services for customers that own their own equipment and request its services at one of its service center locations. Its target customers for these ancillary services are its current rental customers, customers that own their own equipment and those who purchase new and used equipment from the Company. Its parts and services operations are conducted through its Coast Crane subsidiary. Its operations are also subject to federal, state and local laws and regulations pertaining to occupational safety and health, most notably standards promulgated by OSHA. It is subject to various OSHA regulations that primarily deal with maintaining a safe work-place environment.
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