Location Based Technologies (Location Based Technologies) Total Inventories : $0.69 Mil (As of May. 2015)

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What is Location Based Technologies Total Inventories?

Location Based Technologies's total inventories for the quarter that ended in May. 2015 was $0.69 Mil. Location Based Technologies's average total inventories from the quarter that ended in Feb. 2015 to the quarter that ended in May. 2015 was $0.72 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Location Based Technologies's Net-Net Working Capital per share for the quarter that ended in May. 2015 was $-0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Location Based Technologies's Days Inventory for the three months ended in May. 2015 was 174.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Location Based Technologies's Inventory Turnover for the quarter that ended in May. 2015 was 0.52.

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. Location Based Technologies's Inventory-to-Revenue for the quarter that ended in May. 2015 was 1.30.

Location Based Technologies Total Inventories Historical Data

The historical data trend for Location Based Technologies'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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Location Based Technologies Total Inventories Chart

Location Based Technologies Annual Data

Trend

Aug06

Aug07

Aug08

Aug09

Aug10

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Aug12

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Aug14

Total Inventories

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0.03

1.98

0.79

Location Based Technologies Quarterly Data
	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15
Total Inventories	Get a 7-Day Free Trial															0.63	0.79	0.79	0.75	0.69

Location Based Technologies 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.

Location Based Technologies (OTCPK:LBAS) 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.

Location Based Technologies's Net-Net Working Capital Per Share for the quarter that ended in May. 2015 is

	Net-Net Working Capital Per Share (Q: May. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.237	+	0.75 * 0.188	+	0.5 * 0.685	-	14.333
-	0	-	0)	/	277.531
=	-0.05

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

Location Based Technologies's Days Inventory for the three months ended in May. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2015 )	/	Cost of Goods Sold (Q: May. 2015 )	*	Days in Period
	=	0.7175	/	0.375	*	365 / 4
	=	174.59

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

Location Based Technologies's Inventory Turnover for the quarter that ended in May. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: May. 2015 )	/	Average Total Inventories (Q: May. 2015 )
	=	0.375	/	0.7175
	=	0.52

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.

Location Based Technologies's Inventory to Revenue for the quarter that ended in May. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2015 )	/	Revenue (Q: May. 2015 )
	=	0.7175	/	0.552
	=	1.30

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.

Location Based Technologies Total Inventories Related Terms

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Location Based Technologies (Location Based Technologies) Business Description

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Address

7545 Irvine Center Drive, Suite 200, Irvine, CA, USA, 92618

Website

https://www.locationbasedtech.com

Location Based Technologies Inc is engaged in supplying fleet trackers, a small, affordable, fully sealed vehicle tracking system (combined GPS, wireless, and WiFi technology) designed to track and display vehicles and other mobile assets on the go. It is designed to be quickly installed and features easy-to-use user interfaces, including browser and apps. Its product offering includes PocketFinder. The company generates revenue from Device Sales and Services.

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