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


What is China Specialty Glass AG Total Inventories?

China Specialty Glass AG FRA:8GS Total Inventories is €2.2 Mil as of Jun. 2014.

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  (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)/17.700
=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

* 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.

China Specialty Glass AG Total Inventories Related Terms

China Specialty Glass AG Total Inventories Historical Data

* Premium members only.

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.

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of €2.2 Mil mean?
China Specialty Glass AG (FRA:8GS) has a Total Inventories of €2.2 Mil as of Jun. 2014. The total amount of inventory as recorded on a company's balance sheet. View historical data for China Specialty Glass AG and its competitors.
Is China Specialty Glass AG's Total Inventories too high?
China Specialty Glass AG's current Total Inventories is €2.2 Mil.
How does China Specialty Glass AG's Total Inventories compare to DTII and VCON?
China Specialty Glass AG's Total Inventories of €2.2 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Business Services company?
A good Total Inventories depends on the Business Services industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for China Specialty Glass AG and its competitors. China Specialty Glass AG's current Total Inventories is €2.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Specialty Glass AG stock overvalued right now?
China Specialty Glass AG (FRA:8GS) has a current Total Inventories of €2.2 Mil. The current Total Inventories is €2.2 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For China Specialty Glass AG (FRA:8GS), the current Total Inventories is €2.2 Mil as of Jun. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Specialty Glass AG Business Description

Address An den Romerhuegeln 1, Grunwald, DEU, 82031
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.