Noble Investments (UK) (LSE:NBL) Total Inventories : £10.24 Mil (As of Feb. 2013)

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What is Noble Investments (UK) Total Inventories?

Noble Investments (UK)'s total inventories for the quarter that ended in Feb. 2013 was £10.24 Mil. Noble Investments (UK)'s average total inventories from the quarter that ended in Aug. 2012 to the quarter that ended in Feb. 2013 was £9.94 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Noble Investments (UK)'s Net-Net Working Capital per share for the quarter that ended in Feb. 2013 was £-0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Noble Investments (UK)'s Days Inventory for the six months ended in Feb. 2013 was 420.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noble Investments (UK)'s Inventory Turnover for the quarter that ended in Feb. 2013 was 0.43.

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. Noble Investments (UK)'s Inventory-to-Revenue for the quarter that ended in Feb. 2013 was 1.23.

Noble Investments (UK) Total Inventories Historical Data

The historical data trend for Noble Investments (UK)'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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Noble Investments (UK) Total Inventories Chart

Noble Investments (UK) Annual Data

Trend

Aug03

Aug04

Aug05

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Total Inventories

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8.19

8.61

7.23

8.07

9.65

Noble Investments (UK) Semi-Annual Data
	Aug03	Feb04	Aug04	Feb05	Aug05	Feb06	Aug06	Feb07	Aug07	Feb08	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13
Total Inventories	Get a 7-Day Free Trial															-	8.07	-	9.65	10.24

Noble Investments (UK) 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.

Noble Investments (UK) (LSE:NBL) 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.

Noble Investments (UK)'s Net-Net Working Capital Per Share for the quarter that ended in Feb. 2013 is

	Net-Net Working Capital Per Share (Q: Feb. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.171	+	0.75 * 0	+	0.5 * 10.243	-	13.227
-	0	-	0)	/	16.4398
=	-0.24

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

Noble Investments (UK)'s Days Inventory for the six months ended in Feb. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2013 )	/	Cost of Goods Sold (Q: Feb. 2013 )	*	Days in Period
	=	9.944	/	4.318	*	365 / 2
	=	420.28

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

Noble Investments (UK)'s Inventory Turnover for the quarter that ended in Feb. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2013 )	/	Average Total Inventories (Q: Feb. 2013 )
	=	4.318	/	9.944
	=	0.43

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.

Noble Investments (UK)'s Inventory to Revenue for the quarter that ended in Feb. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2013 )	/	Revenue (Q: Feb. 2013 )
	=	9.944	/	8.081
	=	1.23

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.

Noble Investments (UK) Total Inventories Related Terms

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Noble Investments (UK) (LSE:NBL) Business Description

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http://www.nobleinvestmentsplc.com

Noble Investments (UK) PLC is engaged in collectibles retail trading and auctions, including rare coins, stamps, tokens, medals and banknotes. Its two segments are Retail trading and related; and Auctions, commissions and fees. Its provides personalized consultancy services to collectors and dealers in English, Ancient and Foreign coins, Commemorative medals and World tokens, Numismatic and Philatelic Books, Banknotes and Paper Ephemera, Military orders and decorations, and World stamps. It operates under Baldwins's and Apex brands. The group has operations in United Kingdom, North America, Europe, and in other part of the world.