Tuscany International Drilling, (FRA:TS1) Total Inventories : €11.3 Mil (As of Mar. 2014)

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What is Tuscany International Drilling, Total Inventories?

Tuscany International Drilling,'s total inventories for the quarter that ended in Mar. 2014 was €11.3 Mil. Tuscany International Drilling,'s average total inventories from the quarter that ended in Dec. 2013 to the quarter that ended in Mar. 2014 was €11.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tuscany International Drilling,'s Net-Net Working Capital per share for the quarter that ended in Mar. 2014 was €-0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tuscany International Drilling,'s Days Inventory for the three months ended in Mar. 2014 was 56.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tuscany International Drilling,'s Inventory Turnover for the quarter that ended in Mar. 2014 was 1.63.

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. Tuscany International Drilling,'s Inventory-to-Revenue for the quarter that ended in Mar. 2014 was 0.45.

Tuscany International Drilling, Total Inventories Historical Data

The historical data trend for Tuscany International Drilling,'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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Tuscany International Drilling, Total Inventories Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Total Inventories

0.65

11.63

14.22

11.10

Tuscany International Drilling, Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Total Inventories	Get a 7-Day Free Trial															15.67	17.25	11.05	11.10	11.28

Tuscany International Drilling, 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.

Tuscany International Drilling, (FRA:TS1) 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.

Tuscany International Drilling,'s Net-Net Working Capital Per Share for the quarter that ended in Mar. 2014 is

	Net-Net Working Capital Per Share (Q: Mar. 2014 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(7.772	+	0.75 * 36.403	+	0.5 * 11.275	-	198.803
-	0	-	0)	/	375.244
=	-0.42

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

Tuscany International Drilling,'s Days Inventory for the three months ended in Mar. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2014 )	/	Cost of Goods Sold (Q: Mar. 2014 )	*	Days in Period
	=	11.1895	/	18.231	*	365 / 4
	=	56.01

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

Tuscany International Drilling,'s Inventory Turnover for the quarter that ended in Mar. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2014 )	/	Average Total Inventories (Q: Mar. 2014 )
	=	18.231	/	11.1895
	=	1.63

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.

Tuscany International Drilling,'s Inventory to Revenue for the quarter that ended in Mar. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2014 )	/	Revenue (Q: Mar. 2014 )
	=	11.1895	/	24.778
	=	0.45

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.

Tuscany International Drilling, Total Inventories Related Terms

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Tuscany International Drilling, (FRA:TS1) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany International Drilling, Inc. (FRA:TS1) » Definitions » Total Inventories

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Address

Website

http://www.tuscanydrilling.com

Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

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