Spirit Pub Co (LSE:SPRT) Total Inventories : £8.7 Mil (As of Feb. 2015)

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What is Spirit Pub Co Total Inventories?

Spirit Pub Co's total inventories for the quarter that ended in Feb. 2015 was £8.7 Mil. Spirit Pub Co's average total inventories from the quarter that ended in Aug. 2014 to the quarter that ended in Feb. 2015 was £9.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Spirit Pub Co's Net-Net Working Capital per share for the quarter that ended in Feb. 2015 was £-1.62.

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. Spirit Pub Co's Inventory Turnover for the quarter that ended in Feb. 2015 was 0.00.

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. Spirit Pub Co's Inventory-to-Revenue for the quarter that ended in Feb. 2015 was 0.02.

Spirit Pub Co Total Inventories Historical Data

The historical data trend for Spirit Pub Co'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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Spirit Pub Co Total Inventories Chart

Spirit Pub Co Annual Data

Trend

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Total Inventories

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7.70

7.20

7.70

8.50

9.20

Spirit Pub Co Semi-Annual Data
	Aug08	Aug09	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15
Total Inventories	Get a 7-Day Free Trial							7.60	8.50	9.20	9.20	8.70

Spirit Pub Co 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.

Spirit Pub Co (LSE:SPRT) 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.

Spirit Pub Co's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2015 is

	Net-Net Working Capital Per Share (Q: Feb. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(144.1	+	0.75 * 0	+	0.5 * 8.7	-	1232
-	0	-	0)	/	667.25
=	-1.62

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

Spirit Pub Co's Days Inventory for the six months ended in Feb. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2015 )	/	Cost of Goods Sold (Q: Feb. 2015 )	*	Days in Period
	=	8.95	/	0	*	365 / 2
	=

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

Spirit Pub Co's Inventory Turnover for the quarter that ended in Feb. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2015 )	/	Average Total Inventories (Q: Feb. 2015 )
	=	0	/	8.95
	=	0.00

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.

Spirit Pub Co's Inventory to Revenue for the quarter that ended in Feb. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2015 )	/	Revenue (Q: Feb. 2015 )
	=	8.95	/	421
	=	0.02

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.

Spirit Pub Co Total Inventories Related Terms

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Spirit Pub Co (LSE:SPRT) Business Description

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http://www.spiritpubcompany.com

Spirit Pub Co PLC was incorporated in England. The Company's trading activities are divided into two divisions; namely a Managed division and a Leased division. The Managed division involves pubs that are directly managed by the Group, and a Leased division which involves the granting of leases to licensees who run the pub as their own business, paying rent to the Group, purchasing beer and other drinks from the Group and entering into profit sharing arrangements for income from leisure machines. The Company holds 794 Managed pubs and 433 Leased pubs. The group operates solely in the United Kingdom.