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Evraz Highveld Steel and Vanadium (Evraz Highveld Steel and Vanadium) Total Inventories : $89.2 Mil (As of Sep. 2014)


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What is Evraz Highveld Steel and Vanadium Total Inventories?

Evraz Highveld Steel and Vanadium's total inventories for the quarter that ended in Sep. 2014 was $89.2 Mil. Evraz Highveld Steel and Vanadium's average total inventories from the quarter that ended in Jun. 2014 to the quarter that ended in Sep. 2014 was $84.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Evraz Highveld Steel and Vanadium's Net-Net Working Capital per share for the quarter that ended in Sep. 2014 was $-1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Evraz Highveld Steel and Vanadium's Days Inventory for the three months ended in Sep. 2014 was 63.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Evraz Highveld Steel and Vanadium's Inventory Turnover for the quarter that ended in Sep. 2014 was 1.44.

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. Evraz Highveld Steel and Vanadium's Inventory-to-Revenue for the quarter that ended in Sep. 2014 was 0.74.


Evraz Highveld Steel and Vanadium Total Inventories Historical Data

The historical data trend for Evraz Highveld Steel and Vanadium'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.

Evraz Highveld Steel and Vanadium Total Inventories Chart

Evraz Highveld Steel and Vanadium Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 164.07 158.86 101.42 99.63 102.14

Evraz Highveld Steel and Vanadium Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 93.36 102.14 88.05 78.77 89.17

Evraz Highveld Steel and Vanadium 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.


Evraz Highveld Steel and Vanadium  (OTCPK:HGVLY) 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.

Evraz Highveld Steel and Vanadium's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2014 is

Net-Net Working Capital Per Share (Q: Sep. 2014 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(33.392+0.75 * 66.692+0.5 * 89.165-253.667
-0-0)/99.2
=-1.27

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

Evraz Highveld Steel and Vanadium's Days Inventory for the three months ended in Sep. 2014 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2014 )/Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=83.9675/121.102*365 / 4
=63.27

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

Evraz Highveld Steel and Vanadium's Inventory Turnover for the quarter that ended in Sep. 2014 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2014 ) / Average Total Inventories (Q: Sep. 2014 )
=121.102 / 83.9675
=1.44

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.

Evraz Highveld Steel and Vanadium's Inventory to Revenue for the quarter that ended in Sep. 2014 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2014 ) / Revenue (Q: Sep. 2014 )
=83.9675 / 113.095
=0.74

* 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.


Evraz Highveld Steel and Vanadium Total Inventories Related Terms

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Evraz Highveld Steel and Vanadium (Evraz Highveld Steel and Vanadium) Business Description

Traded in Other Exchanges
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Address
Evraz Highveld Steel and Vanadium Ltd. is engaged in the production of integrated iron ore, steel and vanadium slag. It also produces rail, coiled plate, coiled strip, light and medium plate and cast billets. The Company operates in two business segments: Steel and Vanadium. The major products of the steel segment are magnetite iron ore, structural steel, plate and coil. The major products of the vanadium segment are vanadium slag and ferrovanadium. Vanadium slag is a by-product from the steelmaking process.

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