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Ann (FRA:AAK) Total Inventories : €266 Mil (As of Apr. 2015)


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What is Ann Total Inventories?

Ann's total inventories for the quarter that ended in Apr. 2015 was €266 Mil. Ann's average total inventories from the quarter that ended in Jan. 2015 to the quarter that ended in Apr. 2015 was €247 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ann's Net-Net Working Capital per share for the quarter that ended in Apr. 2015 was €-3.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ann's Days Inventory for the three months ended in Apr. 2015 was 85.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ann's Inventory Turnover for the quarter that ended in Apr. 2015 was 1.07.

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. Ann's Inventory-to-Revenue for the quarter that ended in Apr. 2015 was 0.45.


Ann Total Inventories Historical Data

The historical data trend for Ann'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.

* Premium members only.

Ann Total Inventories Chart

Ann Annual Data
Trend Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 144.83 165.42 163.07 175.92 228.18

Ann Quarterly Data
Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 204.83 188.64 261.44 228.18 265.83

Ann 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.


Ann  (FRA:AAK) 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.

Ann's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2015 is

Net-Net Working Capital Per Share (Q: Apr. 2015 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(162.939+0.75 * 36.042+0.5 * 265.826-500.002
-0-0)/45.9927
=-3.85

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

Ann's Days Inventory for the three months ended in Apr. 2015 is calculated as:

Days Inventory=Average Total Inventories (Q: Apr. 2015 )/Cost of Goods Sold (Q: Apr. 2015 )*Days in Period
=247.005/263.403*365 / 4
=85.57

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

Ann's Inventory Turnover for the quarter that ended in Apr. 2015 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Apr. 2015 ) / Average Total Inventories (Q: Apr. 2015 )
=263.403 / 247.005
=1.07

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.

Ann's Inventory to Revenue for the quarter that ended in Apr. 2015 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2015 ) / Revenue (Q: Apr. 2015 )
=247.005 / 552.299
=0.45

* 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.


Ann Total Inventories Related Terms

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Ann (FRA:AAK) Business Description

Traded in Other Exchanges
N/A
Address
Ann Inc was incorporated in the State of Delaware in 1988 and changed its name to ANN INC. in March 2011. The Company through its wholly-owned subsidiaries is a specialty retailer of women's apparel, shoes and accessories sold mainly under the Ann Taylor and LOFT brands. The Company has four operating segments including Ann Taylor, LOFT, Ann Taylor Factory and LOFT Outlet. Ann Taylor is a luxury brand that offers modern style while remaining true to its legacy as a destination for every generation of working women, with timeless wear-now and wear-to-work fashion of impeccable quality at compelling prices. LOFT provides fashion that delivers feminine appeal, special and unexpected details, and a flattering fit, making its client's style aspirations attainable. The Company's Ann Taylor and LOFT stores offer career and casual separates, dresses, tops, weekend wear, shoes and accessories, coordinated as part of a strategy to provide modern styles that are versatile across all occasions and needs. It also offer updated past season best sellers from the Ann Taylor and LOFT merchandise collections at its Ann Taylor Factory and LOFT Outlet stores, respectively. In addition to its stores, its clients can shop online at www.anntaylor.com and www.LOFT.com. The AnnTaylor, LOFT and AnnTaylor Loft trademarks are registered with the United States Patent and Trademark Office and with the trademark registries of many foreign countries. The Company's stores compete with certain departments in international, national and local department stores and with other specialty stores, catalog and internet businesses that offer similar categories of merchandise.

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