Interpharm Holdings (Interpharm Holdings) Total Inventories : $12.26 Mil (As of Dec. 2007)

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What is Interpharm Holdings Total Inventories?

Interpharm Holdings's total inventories for the quarter that ended in Dec. 2007 was $12.26 Mil. Interpharm Holdings's average total inventories from the quarter that ended in Sep. 2007 to the quarter that ended in Dec. 2007 was $12.57 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Interpharm Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2007 was $-0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Interpharm Holdings's Days Inventory for the three months ended in Dec. 2007 was 82.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Interpharm Holdings's Inventory Turnover for the quarter that ended in Dec. 2007 was 1.11.

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. Interpharm Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2007 was 0.78.

Interpharm Holdings Total Inventories Historical Data

The historical data trend for Interpharm Holdings'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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Interpharm Holdings Total Inventories Chart

Interpharm Holdings Annual Data

Trend

Jun98

Jun99

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

Total Inventories

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4.58

5.53

8.94

8.71

17.30

Interpharm Holdings Quarterly Data
	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
Total Inventories	Get a 7-Day Free Trial															9.81	12.12	17.30	12.88	12.26

Interpharm Holdings 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.

Interpharm Holdings (GREY:IPAH) 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.

Interpharm Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2007 is

	Net-Net Working Capital Per Share (Q: Dec. 2007 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.041	+	0.75 * 13.718	+	0.5 * 12.256	-	69.628
-	0.051	-	0)	/	66.738
=	-0.80

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

Interpharm Holdings's Days Inventory for the three months ended in Dec. 2007 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2007 )	/	Cost of Goods Sold (Q: Dec. 2007 )	*	Days in Period
	=	12.57	/	13.945	*	365 / 4
	=	82.25

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

Interpharm Holdings's Inventory Turnover for the quarter that ended in Dec. 2007 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2007 )	/	Average Total Inventories (Q: Dec. 2007 )
	=	13.945	/	12.57
	=	1.11

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.

Interpharm Holdings's Inventory to Revenue for the quarter that ended in Dec. 2007 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2007 )	/	Revenue (Q: Dec. 2007 )
	=	12.57	/	16.214
	=	0.78

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.

Interpharm Holdings Total Inventories Related Terms

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Interpharm Holdings (Interpharm Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Interpharm Holdings Inc (GREY:IPAH) » Definitions » Total Inventories

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Address

75 Adams Avenue, Hauppague, NY, USA, 11788

Website

Interpharm Holdings Inc manufactures generic and over-the-counter medications. The company also pursues the development of other generic drugs in broad categories.

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