Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Total Inventories : HK$111 Mil (As of Dec. 2010)

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What is Sanmenxia Tianyuan Aluminum Co Total Inventories?

Sanmenxia Tianyuan Aluminum Co's total inventories for the quarter that ended in Dec. 2010 was HK$111 Mil. Sanmenxia Tianyuan Aluminum Co's average total inventories from the quarter that ended in Dec. 2009 to the quarter that ended in Dec. 2010 was HK$108 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sanmenxia Tianyuan Aluminum Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2010 was HK$-0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sanmenxia Tianyuan Aluminum Co's Days Inventory for the six months ended in Dec. 2010 was 12.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sanmenxia Tianyuan Aluminum Co's Inventory Turnover for the quarter that ended in Dec. 2010 was 14.95.

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. Sanmenxia Tianyuan Aluminum Co's Inventory-to-Revenue for the quarter that ended in Dec. 2010 was 0.07.

Sanmenxia Tianyuan Aluminum Co Total Inventories Historical Data

The historical data trend for Sanmenxia Tianyuan Aluminum Co'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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Sanmenxia Tianyuan Aluminum Co Total Inventories Chart

Sanmenxia Tianyuan Aluminum Co Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Total Inventories

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77.47

127.75

81.60

104.11

111.23

Sanmenxia Tianyuan Aluminum Co Semi-Annual Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10
Total Inventories	Get a 7-Day Free Trial			77.47	127.75	81.60	104.11	111.23

Sanmenxia Tianyuan Aluminum Co 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.

Sanmenxia Tianyuan Aluminum Co (HKSE:08253) 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.

Sanmenxia Tianyuan Aluminum Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2010 is

	Net-Net Working Capital Per Share (Q: Dec. 2010 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(29.013	+	0.75 * 26.011	+	0.5 * 111.229	-	2798.903
-	0	-	0)	/	3908.34
=	-0.69

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

Sanmenxia Tianyuan Aluminum Co's Days Inventory for the six months ended in Dec. 2010 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2010 )	/	Cost of Goods Sold (Q: Dec. 2010 )	*	Days in Period
	=	107.67	/	1609.179	*	365 / 2
	=	12.21

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

Sanmenxia Tianyuan Aluminum Co's Inventory Turnover for the quarter that ended in Dec. 2010 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2010 )	/	Average Total Inventories (Q: Dec. 2010 )
	=	1609.179	/	107.67
	=	14.95

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.

Sanmenxia Tianyuan Aluminum Co's Inventory to Revenue for the quarter that ended in Dec. 2010 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2010 )	/	Revenue (Q: Dec. 2010 )
	=	107.67	/	1528.66
	=	0.07

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.

Sanmenxia Tianyuan Aluminum Co Total Inventories Related Terms

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Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Business Description

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Website

http://www.styal.com.cn/

Sanmenxia Tianyuan Aluminum Co. is mainly engaged in aluminum and aluminum alloy ingots production and sales, as well as import business concerning reasearch required materials and equipments.

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