NCTW (Nascent Wine Co) Total Inventories : $2.19 Mil (As of Sep. 2008)

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What is Nascent Wine Co Total Inventories?

Nascent Wine Co's total inventories for the quarter that ended in Sep. 2008 was $2.19 Mil. Nascent Wine Co's average total inventories from the quarter that ended in Jun. 2008 to the quarter that ended in Sep. 2008 was $2.13 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nascent Wine Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2008 was $-0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nascent Wine Co's Days Inventory for the three months ended in Sep. 2008 was 60.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nascent Wine Co's Inventory Turnover for the quarter that ended in Sep. 2008 was 1.50.

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. Nascent Wine Co's Inventory-to-Revenue for the quarter that ended in Sep. 2008 was 0.52.

Nascent Wine Co Total Inventories Historical Data

The historical data trend for Nascent Wine 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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Nascent Wine Co Total Inventories Chart

Nascent Wine Co Annual Data

Trend

Dec05

Dec06

Dec07

Total Inventories

1.14

5.50

Nascent Wine Co Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Total Inventories	Get a 7-Day Free Trial									5.12	5.50	7.41	2.07	2.19

Nascent Wine 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.

Nascent Wine Co (OTCPK:NCTW) 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.

Nascent Wine Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2008 is

	Net-Net Working Capital Per Share (Q: Sep. 2008 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.715	+	0.75 * 2.609	+	0.5 * 2.194	-	8.911
-	0.002	-	0)	/	87.5522
=	-0.06

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

Nascent Wine Co's Days Inventory for the three months ended in Sep. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2008 )	/	Cost of Goods Sold (Q: Sep. 2008 )	*	Days in Period
	=	2.1295	/	3.189	*	365 / 4
	=	60.93

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

Nascent Wine Co's Inventory Turnover for the quarter that ended in Sep. 2008 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2008 )	/	Average Total Inventories (Q: Sep. 2008 )
	=	3.189	/	2.1295
	=	1.50

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.

Nascent Wine Co's Inventory to Revenue for the quarter that ended in Sep. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2008 )	/	Revenue (Q: Sep. 2008 )
	=	2.1295	/	4.095
	=	0.52

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.

Nascent Wine Co Total Inventories Related Terms

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Nascent Wine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nascent Wine Co Inc (OTCPK:NCTW) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

12055 East Broadway Boulevard, Tucson, AZ, USA, 85748

Website

http://www.pianconegroup.com

Nascent Wine Co Inc engages in the distribution of food and non-food products. It distributes a full line of frozen foods, such as meats, fully prepared entrees & desserts, and a full line of canned and dry goods, fresh meats and imported specialties.

Executives

Jgd Management Corp /ny	director, 10 percent owner	767 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10153
James E Buckman	director	YORK CAPITAL MANAGEMENT, 767 5TH AVENUE - 17TH FLOOR, NEW YORK NY 10153

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