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PLNTQ (Proliance International) Total Inventories : $72.4 Mil (As of Mar. 2009)


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What is Proliance International Total Inventories?

Proliance International's total inventories for the quarter that ended in Mar. 2009 was $72.4 Mil. Proliance International's average total inventories from the quarter that ended in Dec. 2008 to the quarter that ended in Mar. 2009 was $78.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Proliance International's Net-Net Working Capital per share for the quarter that ended in Mar. 2009 was $-3.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Proliance International's Days Inventory for the three months ended in Mar. 2009 was 130.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Proliance International's Inventory Turnover for the quarter that ended in Mar. 2009 was 0.70.

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. Proliance International's Inventory-to-Revenue for the quarter that ended in Mar. 2009 was 1.29.


Proliance International Total Inventories Historical Data

The historical data trend for Proliance International'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.

* Premium members only.

Proliance International Total Inventories Chart

Proliance International Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.21 121.05 118.91 106.76 84.59

Proliance International Quarterly Data
Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 87.76 91.30 96.02 84.59 72.38

Proliance International 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.


Proliance International  (OTCPK:PLNTQ) 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.

Proliance International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2009 is

Net-Net Working Capital Per Share (Q: Mar. 2009 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.233+0.75 * 45.924+0.5 * 72.375-133.491
-0-0)/15.7805
=-3.84

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

Proliance International's Days Inventory for the three months ended in Mar. 2009 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2009 )/Cost of Goods Sold (Q: Mar. 2009 )*Days in Period
=78.4805/54.678*365 / 4
=130.97

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

Proliance International's Inventory Turnover for the quarter that ended in Mar. 2009 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2009 ) / Average Total Inventories (Q: Mar. 2009 )
=54.678 / 78.4805
=0.70

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.

Proliance International's Inventory to Revenue for the quarter that ended in Mar. 2009 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2009 ) / Revenue (Q: Mar. 2009 )
=78.4805 / 60.978
=1.29

* 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.


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.


Proliance International Total Inventories Related Terms

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Proliance International Business Description

Traded in Other Exchanges
N/A
Address
100 Gando Drive, New Haven, CT, USA, 06513
Proliance International Inc designs, manufactures and markets heat exchange products and temperature control parts for the automotive and light truck aftermarket.
Executives
Arlen F Henock officer: Exec VP and CFO
Paul R Lederer director 233 S PATTERSON, SPRINGFIELD MO 65802
Abraham William J Jr director FOLEY & LARDNER, 777 EAST WISCONSIN AVENUE, MILWAUKEE WI 63202
Vincent L Martin director
James R Rulseh director 5001 N SECOND STREET, ROCKFORD IL 61111
Bradley C Richardson director
Sharon M Oster director C/O WELLTOWER INC., 4500 DORR STREET, TOLEDO OH 43615
Michael T Yonker director 5001 NORTH SECOND STREET, ROCKFORD IL 61111
Philip W Colburn director 11611 SAN VICENTE BLVD, SUITE 505, LOS ANGELES CA 90049

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