China Specialty Glass AG (FRA:8GS) Total Inventories : €2.2 Mil (As of Jun. 2014)

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What is China Specialty Glass AG Total Inventories?

China Specialty Glass AG's total inventories for the quarter that ended in Jun. 2014 was €2.2 Mil. China Specialty Glass AG's average total inventories from the quarter that ended in Mar. 2014 to the quarter that ended in Jun. 2014 was €2.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Specialty Glass AG's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was €0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Specialty Glass AG's Days Inventory for the three months ended in Jun. 2014 was 13.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Specialty Glass AG's Inventory Turnover for the quarter that ended in Jun. 2014 was 6.69.

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. China Specialty Glass AG's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.08.

China Specialty Glass AG Total Inventories Historical Data

The historical data trend for China Specialty Glass AG'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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China Specialty Glass AG Total Inventories Chart

China Specialty Glass AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Total Inventories

1.59

2.43

2.40

2.13

China Specialty Glass AG Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Total Inventories	Get a 7-Day Free Trial									3.35	3.12	2.13	2.57	2.15

China Specialty Glass AG 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.

China Specialty Glass AG (FRA:8GS) 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.

China Specialty Glass AG'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)
=	(52.914	+	0.75 * 26.782	+	0.5 * 2.15	-	58.012
-	0	-	0)	/	17.7
=	0.91

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

China Specialty Glass AG'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
	=	2.361	/	15.798	*	365 / 4
	=	13.64

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

China Specialty Glass AG'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 )
	=	15.798	/	2.361
	=	6.69

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.

China Specialty Glass AG'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 )
	=	2.361	/	28.688
	=	0.08

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.

China Specialty Glass AG Total Inventories Related Terms

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China Specialty Glass AG (FRA:8GS) Business Description

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Address

An den Romerhuegeln 1, Grunwald, DEU, 82031

Website

http://www.csg-ag.com

China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.

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