MJWL (Majic Wheels) Total Inventories: $0.00 Mil (As of Sep. 2012)


What is Majic Wheels Total Inventories?

Majic Wheels MJWL -99.00% Total Inventories is $0.00 Mil as of Sep. 2012.

Majic Wheels's total inventories for the quarter that ended in Sep. 2012 was $0.00 Mil. Majic Wheels's average total inventories from the quarter that ended in Jun. 2012 to the quarter that ended in Sep. 2012 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Majic Wheels's Net-Net Working Capital per share for the quarter that ended in Sep. 2012 was $-0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Majic Wheels's Days Inventory for the three months ended in Sep. 2012 was 0.00.

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

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. Majic Wheels's Inventory-to-Revenue for the quarter that ended in Sep. 2012 was 0.00.

Majic Wheels  (OTCPK:MJWL) 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.

Majic Wheels's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2012 is

Net-Net Working Capital Per Share (Q: Sep. 2012 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.008+0.75 * 0.053+0.5 * 0-4.686
-0-0)/516.063
=-0.01

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

Majic Wheels's Days Inventory for the three months ended in Sep. 2012 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2012 )/Cost of Goods Sold (Q: Sep. 2012 )*Days in Period
=0/0.128*365 / 4
=0.00

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

Majic Wheels's Inventory Turnover for the quarter that ended in Sep. 2012 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2012 ) / Average Total Inventories (Q: Sep. 2012 )
=0.128 / 0
=N/A

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.

Majic Wheels's Inventory to Revenue for the quarter that ended in Sep. 2012 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2012 ) / Revenue (Q: Sep. 2012 )
=0 / 0.217
=0.00

* 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.

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.

Majic Wheels Total Inventories Related Terms

Majic Wheels Total Inventories Historical Data

* Premium members only.

The historical data trend for Majic Wheels'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.

Majic Wheels Total Inventories Chart

Majic Wheels Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
Total Inventories
0.00 0.00 0.00 0.00 0.00

Majic Wheels Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Jun12 Sep12
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Majic Wheels 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $0.00 Mil mean?
Majic Wheels (MJWL) has a Total Inventories of $0.00 Mil as of Sep. 2012. The total amount of inventory as recorded on a company's balance sheet. View historical data for Majic Wheels and its competitors.
Is Majic Wheels' Total Inventories too high?
Majic Wheels' current Total Inventories is $0.00 Mil.
How does Majic Wheels' Total Inventories compare to HGGGQ and EFTB?
Majic Wheels' Total Inventories of $0.00 Mil can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Waste Management company?
A good Total Inventories depends on the Waste Management industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Majic Wheels and its competitors. Majic Wheels's current Total Inventories is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Majic Wheels stock overvalued right now?
Majic Wheels (MJWL) has a current Total Inventories of $0.00 Mil. The current Total Inventories is $0.00 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Majic Wheels (MJWL), the current Total Inventories is $0.00 Mil as of Sep. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Majic Wheels Business Description

Address 2401 Fountain View Drive, Suite 312, Houston, TX, USA, 77057
Majic Wheels Corp is engaged in waste management business engaged in junk removal, trash hauling, recycling, commercial and residential construction clean-up and demolition business.