Tallgrass Energy (FRA:TGV) Total Inventories : €0.00 Mil (As of Dec. 2012)

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What is Tallgrass Energy Total Inventories?

Tallgrass Energy's total inventories for the quarter that ended in Dec. 2012 was €0.00 Mil. Tallgrass Energy's average total inventories from the quarter that ended in Dec. 2011 to the quarter that ended in Dec. 2012 was €0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tallgrass Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was €-0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tallgrass Energy's Days Inventory for the six months ended in Dec. 2012 was 0.00.

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

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. Tallgrass Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2012 was 0.00.

Tallgrass Energy Total Inventories Historical Data

The historical data trend for Tallgrass Energy'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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Tallgrass Energy Total Inventories Chart

Tallgrass Energy Annual Data

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Total Inventories

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Tallgrass Energy Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Total Inventories	Get a 7-Day Free Trial				-	-	-	-	-

Tallgrass Energy 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.

Tallgrass Energy (FRA:TGV) 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.

Tallgrass Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2012 is

	Net-Net Working Capital Per Share (Q: Dec. 2012 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.295	+	0.75 * 0.633	+	0.5 * 0	-	20.909
-	0	-	0)	/	23.7369
=	-0.85

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

Tallgrass Energy's Days Inventory for the six months ended in Dec. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2012 )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
	=	0	/	0.836	*	365 / 2
	=	0.00

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

Tallgrass Energy's Inventory Turnover for the quarter that ended in Dec. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2012 )	/	Average Total Inventories (Q: Dec. 2012 )
	=	0.836	/	0
	=	N/A

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.

Tallgrass Energy's Inventory to Revenue for the quarter that ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2012 )	/	Revenue (Q: Dec. 2012 )
	=	0	/	4.848
	=	0.00

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.

Tallgrass Energy Total Inventories Related Terms

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Tallgrass Energy (FRA:TGV) Business Description

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http://www.tallgrassenergy.ca

Tallgrass Energy Corp was incorporated pursuant to the provisions of the Alberta Business Corporations Act on March 10, 2010. On December 31, 2012, the Company amalgamated with Anglo Canadian Oil Corp. The Company is engaged in the exploration, development and production of petroleum and natural gas in the Western Canadian Basin. The Company receives its revenue from the sale of oil, natural gas and natural gas liquids. Other revenue is derived from emulsion processing, treating, saltwater disposal fees charged to third parties as well as well operating fees and road use fees.

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