Eurasian Natural Resources (LSE:ENRC) Total Inventories : £745 Mil (As of Dec. 2013)

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What is Eurasian Natural Resources Total Inventories?

Eurasian Natural Resources's total inventories for the quarter that ended in Dec. 2013 was £745 Mil. Eurasian Natural Resources's average total inventories from the quarter that ended in Dec. 2012 to the quarter that ended in Dec. 2013 was £773 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Eurasian Natural Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was £-3.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eurasian Natural Resources's Days Inventory for the six months ended in Dec. 2013 was 60.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eurasian Natural Resources's Inventory Turnover for the quarter that ended in Dec. 2013 was 3.04.

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. Eurasian Natural Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.20.

Eurasian Natural Resources Total Inventories Historical Data

The historical data trend for Eurasian Natural Resources'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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Eurasian Natural Resources Total Inventories Chart

Eurasian Natural Resources Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Inventories

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373.91

552.54

659.33

799.75

745.42

Eurasian Natural Resources Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Total Inventories	Get a 7-Day Free Trial					373.91	552.54	659.33	799.75	745.42

Eurasian Natural Resources 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.

Eurasian Natural Resources (LSE:ENRC) 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.

Eurasian Natural Resources's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 is

	Net-Net Working Capital Per Share (Q: Dec. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(309.27	+	0.75 * 0	+	0.5 * 745.42	-	5681.54
-	0	-	132.37)	/	1287.75
=	-3.99

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

Eurasian Natural Resources's Days Inventory for the six months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	772.584	/	2346.06	*	365 / 2
	=	60.10

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

Eurasian Natural Resources's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2013 )	/	Average Total Inventories (Q: Dec. 2013 )
	=	2346.06	/	772.584
	=	3.04

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.

Eurasian Natural Resources's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	772.584	/	3921.69
	=	0.20

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.

Eurasian Natural Resources Total Inventories Related Terms

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Eurasian Natural Resources (LSE:ENRC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eurasian Natural Resources Corporation PLC (LSE:ENRC) » Definitions » Total Inventories

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http://www.enrc.com

Eurasian Natural Resources Corp Ltd was incorporated on December 06, 2006. It is a diversified natural resources company. It performs integrated mining, processing, power generation, logistics and marketing operations. Its six operating segments are Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy, and Logistics. Ferroalloys comprises the extraction and sale of chrome ore as well as the production of ferroalloys from chromium and manganese ores. Iron Ore comprises exploration, extraction, processing and manufacturing of iron ore products. Alumina and Aluminium comprises extraction and processing of bauxite and limestone, and smelting of alumina and aluminium. Other Non-ferrous comprises the exploration and extraction, processing and manufacturing of copper and cobalt products, and the exploration of other minerals in Africa. Energy comprises coal mining and power generation. Logistics includes transportation and logistical services to the company's primary operating divisions and to third parties.

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