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Doverddlery (FRA:D1R) Total Inventories : €29.90 Mil (As of Mar. 2015)


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What is Doverddlery Total Inventories?

Doverddlery's total inventories for the quarter that ended in Mar. 2015 was €29.90 Mil. Doverddlery's average total inventories from the quarter that ended in Dec. 2014 to the quarter that ended in Mar. 2015 was €26.41 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Doverddlery's Net-Net Working Capital per share for the quarter that ended in Mar. 2015 was €-2.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Doverddlery's Days Inventory for the three months ended in Mar. 2015 was 180.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Doverddlery's Inventory Turnover for the quarter that ended in Mar. 2015 was 0.50.

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. Doverddlery's Inventory-to-Revenue for the quarter that ended in Mar. 2015 was 1.25.


Doverddlery Total Inventories Historical Data

The historical data trend for Doverddlery'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.

Doverddlery Total Inventories Chart

Doverddlery Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.00 14.73 15.18 17.25 22.92

Doverddlery Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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 19.27 20.09 22.77 22.92 29.90

Doverddlery 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.


Doverddlery  (FRA:D1R) 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.

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

Net-Net Working Capital Per Share (Q: Mar. 2015 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.418+0.75 * 1.214+0.5 * 29.898-29.126
-0-0)/5.40949
=-2.38

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

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

Days Inventory=Average Total Inventories (Q: Mar. 2015 )/Cost of Goods Sold (Q: Mar. 2015 )*Days in Period
=26.4085/13.323*365 / 4
=180.87

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

Doverddlery's Inventory Turnover for the quarter that ended in Mar. 2015 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2015 ) / Average Total Inventories (Q: Mar. 2015 )
=13.323 / 26.4085
=0.50

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2015 ) / Revenue (Q: Mar. 2015 )
=26.4085 / 21.118
=1.25

* 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.


Doverddlery Total Inventories Related Terms

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Doverddlery (FRA:D1R) Business Description

Traded in Other Exchanges
N/A
Address
Dover Saddlery, Inc. is a Delaware Corporation. The Company was founded in 1975. It is a specialty retailer and the largest multi-channel marketer of premium, equestrian products in the U.S. The Company sells its products through a multi-channel strategy, including direct and retail. The Company offers a comprehensive selection of products required to own, ride, train and compete with a horse. The Company's equestrian product line includes a broad variety of separate items such as saddles, tack, specialized apparel, footwear, horse clothing, horse health and stable products. The Company has established itself as the largest multi-channel marketer of equestrian tack, specialized apparel, horse care and stable products in the U.S. and plans to continue its multi-channel retail strategy to capitalize on strong brand equity and utilize its customer database. This multi-channel strategy enables it to capture customer data, achieve operational synergies, provide a seamless and convenient shopping experience for its customers, cross market its products and reinforce its brand across channels. As of December 31, 2012, it operated seventeen stores under the Dover Saddlery brand and one store under the Smith Brothers brand. The Company is subject to numerous regulations governing the Internet and e-commerce, retailers generally, the importation, promotion and sale of merchandise, and the operation of retail stores and warehouse facilities.

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