Pyne Gould (NZSE:PGC) Total Inventories : NZ$67.10 Mil (As of Dec. 2017)

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What is Pyne Gould Total Inventories?

Pyne Gould's total inventories for the quarter that ended in Dec. 2017 was NZ$67.10 Mil. Pyne Gould's average total inventories from the quarter that ended in Jun. 2017 to the quarter that ended in Dec. 2017 was NZ$62.68 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pyne Gould's Net-Net Working Capital per share for the quarter that ended in Dec. 2017 was NZ$-0.50.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Pyne Gould's Inventory Turnover for the quarter that ended in Dec. 2017 was 0.00.

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.

Pyne Gould Total Inventories Historical Data

The historical data trend for Pyne Gould'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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Pyne Gould Total Inventories Chart

Pyne Gould Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Total Inventories

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56.91

55.35

58.27

88.89

Pyne Gould Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Total Inventories	Get a 7-Day Free Trial															55.35	49.88	58.27	67.10	88.89

Pyne Gould 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.

Pyne Gould (NZSE:PGC) 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.

Pyne Gould's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2017 is

	Net-Net Working Capital Per Share (Q: Dec. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(35.54	+	0.75 * 3.834	+	0.5 * 67.095	-	111.669
-	0	-	64.769)	/	207.463
=	-0.50

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

Pyne Gould's Days Inventory for the six months ended in Dec. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2017 )	/	Cost of Goods Sold (Q: Dec. 2017 )	*	Days in Period
	=	62.681	/	0	*	365 / 2
	=

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

Pyne Gould's Inventory Turnover for the quarter that ended in Dec. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2017 )	/	Average Total Inventories (Q: Dec. 2017 )
	=	0	/	62.681
	=	0.00

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.

Pyne Gould's Inventory to Revenue for the quarter that ended in Dec. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2017 )	/	Revenue (Q: Dec. 2017 )
	=	62.681	/	0
	=

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.

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Pyne Gould (NZSE:PGC) Business Description

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http://www.pgc.co.nz

Pyne Gould Corp Ltd is a wealth management company. The company operates in various business segments that include Torchlight Segment; which provides investment management services and a proprietary investor, Property Group segment; which manages group's property assets, and Parent Company segment; which hold investments in subsidiaries. The Torchlight business segment generates maximum revenue for the company. Geographically the company exports its products to Australia and Cayman Islands regions. The Australian region generates maximum revenue for the company.