SOLON AG fuer Solartechnik (LTS:0G3C) Total Inventories : €96.0 Mil (As of Sep. 2011)

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What is SOLON AG fuer Solartechnik Total Inventories?

SOLON AG fuer Solartechnik's total inventories for the quarter that ended in Sep. 2011 was €96.0 Mil. SOLON AG fuer Solartechnik's average total inventories from the quarter that ended in Jun. 2011 to the quarter that ended in Sep. 2011 was €119.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SOLON AG fuer Solartechnik's Net-Net Working Capital per share for the quarter that ended in Sep. 2011 was €-24.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SOLON AG fuer Solartechnik's Days Inventory for the three months ended in Sep. 2011 was 88.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. SOLON AG fuer Solartechnik's Inventory Turnover for the quarter that ended in Sep. 2011 was 1.03.

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. SOLON AG fuer Solartechnik's Inventory-to-Revenue for the quarter that ended in Sep. 2011 was 1.10.

SOLON AG fuer Solartechnik Total Inventories Historical Data

The historical data trend for SOLON AG fuer Solartechnik'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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SOLON AG fuer Solartechnik Total Inventories Chart

SOLON AG fuer Solartechnik Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Total Inventories

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102.52

151.40

178.79

90.63

108.44

SOLON AG fuer Solartechnik Quarterly Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Total Inventories	Get a 7-Day Free Trial												129.96	108.44	160.25	142.03	95.98

SOLON AG fuer Solartechnik 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.

SOLON AG fuer Solartechnik (LTS:0G3C) 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.

SOLON AG fuer Solartechnik's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2011 is

	Net-Net Working Capital Per Share (Q: Sep. 2011 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12.305	+	0.75 * 110.253	+	0.5 * 95.984	-	569.395
-	0	-	0)	/	17.225
=	-24.76

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

SOLON AG fuer Solartechnik's Days Inventory for the three months ended in Sep. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2011 )	/	Cost of Goods Sold (Q: Sep. 2011 )	*	Days in Period
	=	119.007	/	122.804	*	365 / 4
	=	88.43

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

SOLON AG fuer Solartechnik's Inventory Turnover for the quarter that ended in Sep. 2011 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2011 )	/	Average Total Inventories (Q: Sep. 2011 )
	=	122.804	/	119.007
	=	1.03

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.

SOLON AG fuer Solartechnik's Inventory to Revenue for the quarter that ended in Sep. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2011 )	/	Revenue (Q: Sep. 2011 )
	=	119.007	/	108.304
	=	1.10

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.

SOLON AG fuer Solartechnik Total Inventories Related Terms

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SOLON AG fuer Solartechnik (LTS:0G3C) Business Description

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Address

3840 South Palo Verde, Suite 205, Tucson, AZ, USA, 85714

Website

http://www.solon.com

SOLON SE is a Germany-based manufacturer of solar modules and supplier of solar system technology. It produces and distributes solar modules, as well monocrystalline and polycrystalline solar cells to wholesalers and installers. It focuses on the construction of turnkey solar power plants on rooftops and on open fields, as well as the distribution of systems to project developers and utility companies.

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