Jupiter Marine International Holdings (Jupiter Marine International Holdings) Total Inventories : $1.98 Mil (As of Oct. 2007)

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What is Jupiter Marine International Holdings Total Inventories?

Jupiter Marine International Holdings's total inventories for the quarter that ended in Oct. 2007 was $1.98 Mil. Jupiter Marine International Holdings's average total inventories from the quarter that ended in Jul. 2007 to the quarter that ended in Oct. 2007 was $1.88 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Jupiter Marine International Holdings's Net-Net Working Capital per share for the quarter that ended in Oct. 2007 was $-0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jupiter Marine International Holdings's Days Inventory for the three months ended in Oct. 2007 was 57.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jupiter Marine International Holdings's Inventory Turnover for the quarter that ended in Oct. 2007 was 1.59.

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. Jupiter Marine International Holdings's Inventory-to-Revenue for the quarter that ended in Oct. 2007 was 0.49.

Jupiter Marine International Holdings Total Inventories Historical Data

The historical data trend for Jupiter Marine International 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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Jupiter Marine International Holdings Total Inventories Chart

Jupiter Marine International Holdings Annual Data

Trend

Jul01

Jul03

Jul04

Jul05

Jul06

Jul07

Total Inventories

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0.89

1.13

1.44

2.78

1.78

Jupiter Marine International Holdings Quarterly Data
	Oct01	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07
Total Inventories	Get a 7-Day Free Trial													3.13	2.92	2.86	1.78	1.98

Jupiter Marine International 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.

Jupiter Marine International Holdings (OTCPK:JMIH) 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.

Jupiter Marine International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2007 is

	Net-Net Working Capital Per Share (Q: Oct. 2007 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.341	+	0.75 * 0.051	+	0.5 * 1.982	-	3.307
-	0	-	0)	/	18.8639
=	-0.10

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

Jupiter Marine International Holdings's Days Inventory for the three months ended in Oct. 2007 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2007 )	/	Cost of Goods Sold (Q: Oct. 2007 )	*	Days in Period
	=	1.8785	/	2.991	*	365 / 4
	=	57.31

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

Jupiter Marine International Holdings's Inventory Turnover for the quarter that ended in Oct. 2007 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2007 )	/	Average Total Inventories (Q: Oct. 2007 )
	=	2.991	/	1.8785
	=	1.59

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.

Jupiter Marine International Holdings's Inventory to Revenue for the quarter that ended in Oct. 2007 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2007 )	/	Revenue (Q: Oct. 2007 )
	=	1.8785	/	3.858
	=	0.49

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.

Jupiter Marine International Holdings Total Inventories Related Terms

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Jupiter Marine International Holdings (Jupiter Marine International Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jupiter Marine International Holdings Inc (OTCPK:JMIH) » Definitions » Total Inventories

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Address

1103 12th Avenue East, Palmetto, FL, USA, 34221

Website

http://www.jupitermarine.com

Jupiter Marine International Holdings Inc designs, manufactures and markets sport fishing boats like 29 Forward Seating Center Console, 31 Open Center Console, 31 Cuddy Cabin and 31 Forward Seating Center Console. Geographically the business activities are carried out through Palmetto, Florida.

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