Blackrock Hedge Selector (LSE:BHUE) Total Inventories : £0.00 Mil (As of Jun. 2014)

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What is Blackrock Hedge Selector Total Inventories?

Blackrock Hedge Selector's total inventories for the quarter that ended in Jun. 2014 was £0.00 Mil. Blackrock Hedge Selector's average total inventories from the quarter that ended in Dec. 2013 to the quarter that ended in Jun. 2014 was £0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Blackrock Hedge Selector's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was £0.00.

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

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

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.

Blackrock Hedge Selector Total Inventories Historical Data

The historical data trend for Blackrock Hedge Selector'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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Blackrock Hedge Selector Total Inventories Chart

Blackrock Hedge Selector Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Total Inventories

Blackrock Hedge Selector Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Total Inventories	Get a 7-Day Free Trial			-	-	-	-	-

Blackrock Hedge Selector 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.

Blackrock Hedge Selector (LSE:BHUE) 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.

Blackrock Hedge Selector's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 is

	Net-Net Working Capital Per Share (Q: Jun. 2014 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.416	+	0.75 * 0	+	0.5 * 0	-	0.308
-	0	-	0)	/	25.9752
=	0.00

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

Blackrock Hedge Selector's Days Inventory for the six months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

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

Blackrock Hedge Selector's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2014 )	/	Average Total Inventories (Q: Jun. 2014 )
	=	0	/	0
	=	N/A

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.

Blackrock Hedge Selector's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2014 )	/	Revenue (Q: Jun. 2014 )
	=	0	/	0
	=

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.

Blackrock Hedge Selector Total Inventories Related Terms

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Blackrock Hedge Selector (LSE:BHUE) Business Description

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Website

http://www.blackrock.co.uk

BlackRock Hedge Selector Ltd is a closed-ended investment company incorporated in Jersey on 17 August 2009. This fund was launched on 28 September 2009, initially offering two share classes; the UK Emerging Companies Shares, which invest directly into the BlackRock UK Emerging Companies Hedge Fund and the Cash Fund Shares, which invest directly into the BlackRock Institutional Sterling Liquidity Fund. The investment objective of the Hedge Fund is to seek to maximise total returns by investing in mid and small cap UK equities, whilst limiting correlation with the UK equity market. The investment objective of the Liquidity Fund is to maximise current income consistent with preservation of principal and liquidity by the maintenance of a portfolio of high quality short-term "money market" instruments.

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