GPTC (Golden Patriot) Total Inventories : $0.00 Mil (As of Jan. 2008)

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What is Golden Patriot Total Inventories?

Golden Patriot's total inventories for the quarter that ended in Jan. 2008 was $0.00 Mil. Golden Patriot's average total inventories from the quarter that ended in Oct. 2007 to the quarter that ended in Jan. 2008 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Golden Patriot's Net-Net Working Capital per share for the quarter that ended in Jan. 2008 was $-0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Patriot's Days Inventory for the three months ended in Jan. 2008 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.

Golden Patriot Total Inventories Historical Data

The historical data trend for Golden Patriot'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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Golden Patriot Total Inventories Chart

Golden Patriot Annual Data

Trend

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Total Inventories

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Golden Patriot Quarterly Data
	Apr03	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Golden Patriot 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.

Golden Patriot (OTCPK:GPTC) 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.

Golden Patriot's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2008 is

	Net-Net Working Capital Per Share (Q: Jan. 2008 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.012	+	0.75 * 0	+	0.5 * 0	-	1.209
-	0	-	0)	/	110.213
=	-0.01

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

Golden Patriot's Days Inventory for the three months ended in Jan. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2008 )	/	Cost of Goods Sold (Q: Jan. 2008 )	*	Days in Period
	=	0	/	0.045	*	365 / 4
	=	0.00

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

Golden Patriot's Inventory Turnover for the quarter that ended in Jan. 2008 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2008 )	/	Average Total Inventories (Q: Jan. 2008 )
	=	0.045	/	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.

Golden Patriot's Inventory to Revenue for the quarter that ended in Jan. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2008 )	/	Revenue (Q: Jan. 2008 )
	=	0	/	0
	=

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.

Golden Patriot Total Inventories Related Terms

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Golden Patriot Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golden Patriot Corp (OTCPK:GPTC) » Definitions » Total Inventories

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Address

8 Bond Street, Suite 124, Great Neck, NY, USA, 11021

Website

http://www.goldenpatriotcorp.com

Golden Patriot Corp is engaged in the exploration of its Lucky Boy uranium property in Arizona.

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