Isle of Capri Casinos (Isle of Capri Casinos) Total Inventories : $6 Mil (As of Jan. 2017)

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What is Isle of Capri Casinos Total Inventories?

Isle of Capri Casinos's total inventories for the quarter that ended in Jan. 2017 was $6 Mil. Isle of Capri Casinos's average total inventories from the quarter that ended in Oct. 2016 to the quarter that ended in Jan. 2017 was $6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Isle of Capri Casinos's Net-Net Working Capital per share for the quarter that ended in Jan. 2017 was $-24.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Isle of Capri Casinos's Days Inventory for the three months ended in Jan. 2017 was 5.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Isle of Capri Casinos's Inventory Turnover for the quarter that ended in Jan. 2017 was 18.09.

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. Isle of Capri Casinos's Inventory-to-Revenue for the quarter that ended in Jan. 2017 was 0.03.

Isle of Capri Casinos Total Inventories Historical Data

The historical data trend for Isle of Capri Casinos'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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Isle of Capri Casinos Total Inventories Chart

Isle of Capri Casinos Annual Data

Trend

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

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Apr15

Apr16

Total Inventories

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6.27

6.51

6.31

Isle of Capri Casinos Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Total Inventories	Get a 7-Day Free Trial															6.46	6.31	6.40	5.63	5.64

Isle of Capri Casinos 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.

Isle of Capri Casinos (NAS:ISLE) 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.

Isle of Capri Casinos's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2017 is

	Net-Net Working Capital Per Share (Q: Jan. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(71.519	+	0.75 * 9.937	+	0.5 * 5.641	-	1084.379
-	0	-	0)	/	41.3594
=	-24.24

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

Isle of Capri Casinos's Days Inventory for the three months ended in Jan. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2017 )	/	Cost of Goods Sold (Q: Jan. 2017 )	*	Days in Period
	=	5.636	/	101.981	*	365 / 4
	=	5.04

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

Isle of Capri Casinos's Inventory Turnover for the quarter that ended in Jan. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2017 )	/	Average Total Inventories (Q: Jan. 2017 )
	=	101.981	/	5.636
	=	18.09

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.

Isle of Capri Casinos's Inventory to Revenue for the quarter that ended in Jan. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2017 )	/	Revenue (Q: Jan. 2017 )
	=	5.636	/	193.817
	=	0.03

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.

Isle of Capri Casinos Total Inventories Related Terms

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Isle of Capri Casinos (Isle of Capri Casinos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Isle of Capri Casinos Inc (NAS:ISLE) » Definitions » Total Inventories

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Address

Website

http://www.isleofcapricasinos.com

Isle of Capri operates 13 casinos in the United States, in cities ranging from Lula, Miss., to Kansas City, Mo., three casinos in the United Kingdom, and one in the Bahamas. The firm's casinos are regionally or locally focused, aiming to offer a fun entertainment alternative. Founded in 1990 and based in St. Louis, the company employs about 8,500 people.

Executives

Quatmann Edmund L Jr	officer: Chief Legal Officer	600 EMERSON ROAD, SUITE 300, ST. LOUIS MO 63141
Gregory J. Kozicz	director	8800 PAGE AVENUE, ST.LOUIS MO 63114
Bonnie Biumi	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Lee S Wielansky	director	PAUL HASTINGS, 75 EAST 55TH STREET, NEW YORK NY 10022
Eric L Hausler	officer: Chief Executive Officer	C/O TRUMP ENTERTAINMENT RESORTS, 1000 BOARDWALK, ATLANTIC CITY NJ 08401
Scott E Schubert	director	C/O SONUS NETWORKS, INC., 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
James Perry	officer: Executive Chairman