News Communications (News Communications) Total Inventories : $0.00 Mil (As of Dec. 2004)

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What is News Communications Total Inventories?

News Communications's total inventories for the quarter that ended in Dec. 2004 was $0.00 Mil. News Communications's average total inventories from the quarter that ended in Dec. 2003 to the quarter that ended in Dec. 2004 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. News Communications's Net-Net Working Capital per share for the quarter that ended in Dec. 2004 was $-21.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. News Communications's Days Inventory for the six months ended in Dec. 2004 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. News Communications's Inventory-to-Revenue for the quarter that ended in Dec. 2004 was 0.00.

News Communications Total Inventories Historical Data

The historical data trend for News Communications'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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News Communications Total Inventories Chart

News Communications Annual Data

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Total Inventories

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News Communications Semi-Annual Data
	Nov96	Nov97	Nov98	Nov99	Dec00	Dec01	Dec02	Dec03	Dec04
Total Inventories	Get a 7-Day Free Trial				-	-	-	-	-

News Communications 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.

News Communications (OTCPK:NWCM) 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.

News Communications's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2004 is

	Net-Net Working Capital Per Share (Q: Dec. 2004 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.421	+	0.75 * 1.015	+	0.5 * 0	-	3.445
-	0.178	-	0)	/	0.116
=	-21.04

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

News Communications's Days Inventory for the six months ended in Dec. 2004 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2004 )	/	Cost of Goods Sold (Q: Dec. 2004 )	*	Days in Period
	=	0	/	5.69	*	365 / 2
	=	0.00

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

News Communications's Inventory Turnover for the quarter that ended in Dec. 2004 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2004 )	/	Average Total Inventories (Q: Dec. 2004 )
	=	5.69	/	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.

News Communications's Inventory to Revenue for the quarter that ended in Dec. 2004 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2004 )	/	Revenue (Q: Dec. 2004 )
	=	0	/	12.168
	=	0.00

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.

News Communications Total Inventories Related Terms

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News Communications (News Communications) Business Description

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Address

Website

News Communications, Inc. is engaged in publishing & distribution of advertiser-supported newspapers & magazines. It publishes three newspapers, two magazines including Dans Hampton Style & Dans Hampton Sports; & a guide, Dans Hampton Style Insider Guide.

Executives

Ross Wilbur L Jr

director

328 EL VEDADO ROAD, PALM BEACH FL 33480

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