SeaDragon (NZSE:SEA) Total Inventories : NZ$1.67 Mil (As of Sep. 2019)

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What is SeaDragon Total Inventories?

SeaDragon's total inventories for the quarter that ended in Sep. 2019 was NZ$1.67 Mil. SeaDragon's average total inventories from the quarter that ended in Mar. 2019 to the quarter that ended in Sep. 2019 was NZ$1.67 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SeaDragon's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was NZ$-0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SeaDragon's Days Inventory for the six months ended in Sep. 2019 was 44.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. SeaDragon's Inventory Turnover for the quarter that ended in Sep. 2019 was 4.15.

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. SeaDragon's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.34.

SeaDragon Total Inventories Historical Data

The historical data trend for SeaDragon'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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SeaDragon Total Inventories Chart

SeaDragon Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Total Inventories

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2.97

1.94

1.60

1.67

2.27

SeaDragon Semi-Annual Data
	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20
Total Inventories	Get a 7-Day Free Trial															1.60	1.74	1.67	1.67	2.27

SeaDragon 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.

SeaDragon (NZSE:SEA) 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.

SeaDragon's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 is

	Net-Net Working Capital Per Share (Q: Sep. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.214	+	0.75 * 0.456	+	0.5 * 1.671	-	2.728
-	0	-	0)	/	48.433
=	-0.01

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

SeaDragon's Days Inventory for the six months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	1.671	/	6.928	*	365 / 2
	=	44.02

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

SeaDragon's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2019 )	/	Average Total Inventories (Q: Sep. 2019 )
	=	6.928	/	1.671
	=	4.15

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.

SeaDragon's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	1.671	/	4.887
	=	0.34

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.

SeaDragon Total Inventories Related Terms

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SeaDragon (NZSE:SEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SeaDragon Ltd (NZSE:SEA) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

12 Nayland Road, Stoke, Nelson, NZL, 7011

Website

http://www.seadragon.co.nz

SeaDragon Ltd is engaged in the manufacture of refined fish oils. The Company's products include Omega-2 and Omega-3. Its Omega-2 product is sourced from either animal or vegetable sources and is used in the cosmetics, nutraceutical, pharmaceutical industries, lubrication and in fiber coatings. The Omega-3 products involve tuna and marine-farmed salmon which help in the processing of initial unrefined oils. The company exports its products to various countries, which include Australia, South East and North Asia, Japan, the European Union, China, the United States and Canada.

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