API Group (LSE:APIA) Total Inventories : £13.59 Mil (As of Sep. 2014)

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What is API Group Total Inventories?

API Group's total inventories for the quarter that ended in Sep. 2014 was £13.59 Mil. API Group's average total inventories from the quarter that ended in Mar. 2014 to the quarter that ended in Sep. 2014 was £12.86 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. API Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2014 was £-0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. API Group's Days Inventory for the six months ended in Sep. 2014 was 53.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. API Group's Inventory Turnover for the quarter that ended in Sep. 2014 was 3.40.

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. API Group's Inventory-to-Revenue for the quarter that ended in Sep. 2014 was 0.23.

API Group Total Inventories Historical Data

The historical data trend for API Group'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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API Group Total Inventories Chart

API Group Annual Data

Trend

Sep04

Sep05

Sep06

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Total Inventories

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13.11

12.41

12.24

12.86

12.13

API Group Semi-Annual Data
	Sep04	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14
Total Inventories	Get a 7-Day Free Trial															12.93	12.86	12.93	12.13	13.59

API Group 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.

API Group (LSE:APIA) 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.

API Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2014 is

	Net-Net Working Capital Per Share (Q: Sep. 2014 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(7.305	+	0.75 * 0	+	0.5 * 13.594	-	48.437
-	0	-	0)	/	77.152
=	-0.45

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

API Group's Days Inventory for the six months ended in Sep. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2014 )	/	Cost of Goods Sold (Q: Sep. 2014 )	*	Days in Period
	=	12.86	/	43.711	*	365 / 2
	=	53.69

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

API Group's Inventory Turnover for the quarter that ended in Sep. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2014 )	/	Average Total Inventories (Q: Sep. 2014 )
	=	43.711	/	12.86
	=	3.40

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.

API Group's Inventory to Revenue for the quarter that ended in Sep. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2014 )	/	Revenue (Q: Sep. 2014 )
	=	12.86	/	56.374
	=	0.23

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.

API Group Total Inventories Related Terms

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API Group (LSE:APIA) Business Description

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http://www.apigroup.com

API Group PLC is a manufacturer and distributor of foils, laminates and holographic materials. The firm offers metalized film laminates, holographic laminates, aluminum foil laminates, metallic hot stamping foils, cold foils, and custom holograms. The company segmented its operating activities into following reportable segments: Laminates, Foils Europe, Foils Americas, and Holographic. Its primary geographic markets are the United Kingdom, Rest of Europe, Americas, Asia Pacific, and Africa. The company serves clients in various industries including food and confectionery; wines, beers, and spirits; tobacco; cosmetics and perfumes; home and household care, among others.

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