Albemarle & Bond Holdings (LSE:ABM) Total Inventories : £20.5 Mil (As of Jun. 2013)

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What is Albemarle & Bond Holdings Total Inventories?

Albemarle & Bond Holdings's total inventories for the quarter that ended in Jun. 2013 was £20.5 Mil. Albemarle & Bond Holdings's average total inventories from the quarter that ended in Jun. 2012 to the quarter that ended in Jun. 2013 was £19.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Albemarle & Bond Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2013 was £-0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Albemarle & Bond Holdings's Days Inventory for the six months ended in Jun. 2013 was 74.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Albemarle & Bond Holdings's Inventory Turnover for the quarter that ended in Jun. 2013 was 2.45.

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. Albemarle & Bond Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2013 was 0.18.

Albemarle & Bond Holdings Total Inventories Historical Data

The historical data trend for Albemarle & Bond 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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Albemarle & Bond Holdings Total Inventories Chart

Albemarle & Bond Holdings Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Total Inventories

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14.44

11.57

12.12

18.38

20.45

Albemarle & Bond Holdings Semi-Annual Data
	Jun92	Jun93	Jun94	Jun95	Jun96	Jun97	Jun98	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Total Inventories	Get a 7-Day Free Trial															14.44	11.57	12.12	18.38	20.45

Albemarle & Bond 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.

Albemarle & Bond Holdings (LSE:ABM) 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.

Albemarle & Bond Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2013 is

	Net-Net Working Capital Per Share (Q: Jun. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(10.115	+	0.75 * 45.008	+	0.5 * 20.454	-	63.671
-	0	-	0)	/	55.663
=	-0.17

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

Albemarle & Bond Holdings's Days Inventory for the six months ended in Jun. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2013 )	/	Cost of Goods Sold (Q: Jun. 2013 )	*	Days in Period
	=	19.4185	/	47.542	*	365 / 2
	=	74.54

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

Albemarle & Bond Holdings's Inventory Turnover for the quarter that ended in Jun. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2013 )	/	Average Total Inventories (Q: Jun. 2013 )
	=	47.542	/	19.4185
	=	2.45

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.

Albemarle & Bond Holdings's Inventory to Revenue for the quarter that ended in Jun. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2013 )	/	Revenue (Q: Jun. 2013 )
	=	19.4185	/	107.069
	=	0.18

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.

Albemarle & Bond Holdings Total Inventories Related Terms

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Albemarle & Bond Holdings (LSE:ABM) Business Description

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Address

Website

http://www.albemarlebondplc.com

Albemarle & Bond Holdings PLC was incorporated on January 17, 1986. The Company is a holding company engaged in pawnbroking, retail jewellery sales, gold purchasing, unsecured lending, including cheque cashing and other financial services. It has approximately 230 stores and 1,000 employees. Operating under the two brands, Albemarle Bond and Herbert Brown, it provides its customers with a range of services including jewellery retailing, pawnbroking loans, gold purchasing and a range of unsecured loan products. The pawn loan is secured against jewellery for a maximum of six months. The customer can redeem their jewellery by repaying the loan and interest owing at any time without incurring penalties for early redemption. The Company provides short-term loans through three products, PayDay Advances, Speedloans, and Cheque Cashing. PayDay Advances offer customers short-term unsecured loans to meet their cash flow requirements until wages are received. Speedloans provide customers with immediately available installment loans over a longer term of between six and 18 months and Cheque Cashing provides access to their cash for customers who have received cheques. The Company offers a range of new and second hand jewellery. Herbert Brown offers a range of new, second hand and antique jewellery.