Miba AG (LTS:0F98) Total Inventories : €103.7 Mil (As of Jul. 2015)

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What is Miba AG Total Inventories?

Miba AG's total inventories for the quarter that ended in Jul. 2015 was €103.7 Mil. Miba AG's average total inventories from the quarter that ended in Apr. 2015 to the quarter that ended in Jul. 2015 was €100.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Miba AG's Net-Net Working Capital per share for the quarter that ended in Jul. 2015 was €-34.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Miba AG's Days Inventory for the three months ended in Jul. 2015 was 122.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Miba AG's Inventory Turnover for the quarter that ended in Jul. 2015 was 0.75.

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. Miba AG's Inventory-to-Revenue for the quarter that ended in Jul. 2015 was 0.54.

Miba AG Total Inventories Historical Data

The historical data trend for Miba AG'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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Miba AG Total Inventories Chart

Miba AG Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Total Inventories

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66.87

84.86

81.21

78.24

93.08

Miba AG Quarterly Data
	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15
Total Inventories	Get a 7-Day Free Trial															87.83	92.52	93.08	97.53	103.67

Miba AG 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.

Miba AG (LTS:0F98) 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.

Miba AG's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2015 is

	Net-Net Working Capital Per Share (Q: Jul. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(183.056	+	0.75 * 107.202	+	0.5 * 103.667	-	340.485
-	0	-	12.717)	/	1.10404
=	-34.34

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

Miba AG's Days Inventory for the three months ended in Jul. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2015 )	/	Cost of Goods Sold (Q: Jul. 2015 )	*	Days in Period
	=	100.598	/	75.024	*	365 / 4
	=	122.36

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

Miba AG's Inventory Turnover for the quarter that ended in Jul. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jul. 2015 )	/	Average Total Inventories (Q: Jul. 2015 )
	=	75.024	/	100.598
	=	0.75

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.

Miba AG's Inventory to Revenue for the quarter that ended in Jul. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2015 )	/	Revenue (Q: Jul. 2015 )
	=	100.598	/	184.874
	=	0.54

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.

Miba AG Total Inventories Related Terms

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Miba AG (LTS:0F98) Business Description

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Address

Website

http://www.miba.com

Miba AG along with its subsidiaries manufactures & develops components for engines & automotive industries. It offers sintered components, engine bearings, friction materials, power electronics components and coatings.

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