Millenniumpthorne Hotels (Millenniumpthorne Hotels) Total Inventories : $157 Mil (As of Jun. 2019)

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What is Millenniumpthorne Hotels Total Inventories?

Millenniumpthorne Hotels's total inventories for the quarter that ended in Jun. 2019 was $157 Mil. Millenniumpthorne Hotels's average total inventories from the quarter that ended in Mar. 2019 to the quarter that ended in Jun. 2019 was $157 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Millenniumpthorne Hotels's Net-Net Working Capital per share for the quarter that ended in Jun. 2019 was $-7.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Millenniumpthorne Hotels's Days Inventory for the three months ended in Jun. 2019 was 99.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Millenniumpthorne Hotels's Inventory Turnover for the quarter that ended in Jun. 2019 was 0.92.

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. Millenniumpthorne Hotels's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.48.

Millenniumpthorne Hotels Total Inventories Historical Data

The historical data trend for Millenniumpthorne Hotels'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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Millenniumpthorne Hotels Total Inventories Chart

Millenniumpthorne Hotels Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Total Inventories

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118.94

127.25

122.35

130.03

151.90

Millenniumpthorne Hotels Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Total Inventories	Get a 7-Day Free Trial															143.62	135.95	151.90	156.79	157.16

Millenniumpthorne Hotels 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.

Millenniumpthorne Hotels (OTCPK:MLCTF) 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.

Millenniumpthorne Hotels's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2019 is

	Net-Net Working Capital Per Share (Q: Jun. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(434.728	+	0.75 * 133.08	+	0.5 * 157.161	-	2148.289
-	0	-	741.445)	/	324.736
=	-7.01

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

Millenniumpthorne Hotels's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	156.973	/	144.487	*	365 / 4
	=	99.14

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

Millenniumpthorne Hotels's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2019 )	/	Average Total Inventories (Q: Jun. 2019 )
	=	144.487	/	156.973
	=	0.92

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.

Millenniumpthorne Hotels's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	156.973	/	325.729
	=	0.48

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.

Millenniumpthorne Hotels Total Inventories Related Terms

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Millenniumpthorne Hotels (Millenniumpthorne Hotels) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Millennium & Copthorne Hotels PLC (OTCPK:MLCTF) » Definitions » Total Inventories

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Address

Scarsdale Place, Kensington, London, GBR, W8 5SR

Website

http://www.millenniumhotels.com

Millennium & Copthorne Hotels PLC is a hotel owner and operator. The company principally operates hotels in properties that it either owns or leases. Millennium & Copthorne operate several hotel brands under three collections: Leng's Collection, which includes brands such as The Bailey's Hotel London, Grand Hotel Palace Rome, and M Hotels; Millennium Collection, which includes Millennium-branded hotels; and Copthorne Collection, which includes Copthorne and Kingsgate-branded hotels. With global operations, the company derives revenue from several countries, with the United States, United Kingdom, and Singapore the most significant.

Millenniumpthorne Hotels (Millenniumpthorne Hotels) Headlines

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