China Gengsheng Minerals (FRA:CGS) Total Inventories : €9.52 Mil (As of Dec. 2013)

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What is China Gengsheng Minerals Total Inventories?

China Gengsheng Minerals's total inventories for the quarter that ended in Dec. 2013 was €9.52 Mil. China Gengsheng Minerals's average total inventories from the quarter that ended in Sep. 2013 to the quarter that ended in Dec. 2013 was €10.03 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Gengsheng Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was €-2.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Gengsheng Minerals's Days Inventory for the three months ended in Dec. 2013 was 64.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Gengsheng Minerals's Inventory Turnover for the quarter that ended in Dec. 2013 was 1.40.

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 Gengsheng Minerals's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.69.

China Gengsheng Minerals Total Inventories Historical Data

The historical data trend for China Gengsheng Minerals'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 Gengsheng Minerals Total Inventories Chart

China Gengsheng Minerals Annual Data

Trend

Sep06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Inventories

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6.81

11.85

12.89

9.88

9.52

China Gengsheng Minerals Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Total Inventories	Get a 7-Day Free Trial															9.88	9.62	10.15	10.54	9.52

China Gengsheng Minerals 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 Gengsheng Minerals (FRA:CGS) 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 Gengsheng Minerals's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 is

	Net-Net Working Capital Per Share (Q: Dec. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.853	+	0.75 * 33.062	+	0.5 * 9.523	-	86.857
-	0	-	0.074)	/	26.803
=	-2.11

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

China Gengsheng Minerals's Days Inventory for the three months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	10.032	/	14.09	*	365 / 4
	=	64.97

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

China Gengsheng Minerals's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2013 )	/	Average Total Inventories (Q: Dec. 2013 )
	=	14.09	/	10.032
	=	1.40

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 Gengsheng Minerals's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	10.032	/	14.507
	=	0.69

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 Gengsheng Minerals Total Inventories Related Terms

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China Gengsheng Minerals (FRA:CGS) Business Description

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Address

No. 88 Gengsheng Road, Dayugou Town, Gongyi, Henan, CHN, 451271

Website

http://www.gengsheng.com

China Gengsheng Minerals Inc is a holding company. It operates in the materials technology industry through its subsidiaries in China. It develops, manufactures and sells a broad range of mineral-based products. Its products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives and corundum materials. It sells its products to iron, steel, oil, glass, cement, aluminum, chemical and solar industries. The company has Refractories, Industrial ceramic, Fracture proppant, Fire precision abrasives segments. It derives the majority of its revenues from Refractories segment.

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