GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Providence & Worcester Railroad Co (NAS:PWX) » Definitions » Total Inventories

Providence & Worcester Railroad Co (Providence & Worcester Railroad Co) Total Inventories : $1.21 Mil (As of Jun. 2016)


View and export this data going back to 1989. Start your Free Trial

What is Providence & Worcester Railroad Co Total Inventories?

Providence & Worcester Railroad Co's total inventories for the quarter that ended in Jun. 2016 was $1.21 Mil. Providence & Worcester Railroad Co's average total inventories from the quarter that ended in Mar. 2016 to the quarter that ended in Jun. 2016 was $1.08 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Providence & Worcester Railroad Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2016 was $-5.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Providence & Worcester Railroad Co's Days Inventory for the three months ended in Jun. 2016 was 20.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. Providence & Worcester Railroad Co's Inventory Turnover for the quarter that ended in Jun. 2016 was 4.52.

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. Providence & Worcester Railroad Co's Inventory-to-Revenue for the quarter that ended in Jun. 2016 was 0.13.


Providence & Worcester Railroad Co Total Inventories Historical Data

The historical data trend for Providence & Worcester Railroad 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.

* Premium members only.

Providence & Worcester Railroad Co Total Inventories Chart

Providence & Worcester Railroad Co Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.98 1.31 1.07 0.91

Providence & Worcester Railroad Co Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 1.16 1.39 0.91 0.94 1.21

Providence & Worcester Railroad 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.


Providence & Worcester Railroad Co  (NAS:PWX) 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.

Providence & Worcester Railroad Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2016 is

Net-Net Working Capital Per Share (Q: Jun. 2016 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(8.607+0.75 * 5.466+0.5 * 1.208-39.68
-0.032-0)/4.86659
=-5.43

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

Providence & Worcester Railroad Co's Days Inventory for the three months ended in Jun. 2016 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2016 )/Cost of Goods Sold (Q: Jun. 2016 )*Days in Period
=1.075/4.863*365 / 4
=20.17

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

Providence & Worcester Railroad Co's Inventory Turnover for the quarter that ended in Jun. 2016 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2016 ) / Average Total Inventories (Q: Jun. 2016 )
=4.863 / 1.075
=4.52

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.

Providence & Worcester Railroad Co's Inventory to Revenue for the quarter that ended in Jun. 2016 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2016 ) / Revenue (Q: Jun. 2016 )
=1.075 / 8.6
=0.13

* 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.


Providence & Worcester Railroad Co Total Inventories Related Terms

Thank you for viewing the detailed overview of Providence & Worcester Railroad Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Providence & Worcester Railroad Co (Providence & Worcester Railroad Co) Business Description

Traded in Other Exchanges
N/A
Address
Providence & Worcester Railroad Co commenced its operations in 1973. The Company is a short-line freight railroad as defined by the American Association of Railroads operating in Massachusetts, Rhode Island, Connecticut and New York. The Company is the only interstate freight carrier serving the State of Rhode Island. The Company services the international double-stack intermodal terminal facility in New England in Worcester, Massachusetts, a strategic location for regional transportation and distribution enterprises. The Company transports commodities for its customers, including automobiles, construction aggregates, iron and steel products, chemicals and plastics, lumber, scrap metals, plastic resins, cement, coal, construction and demolition debris, and processed foods and edible foodstuffs, such as corn syrup and vegetable oils. Its customers include Exxon Mobil Corporation, Ford Motor Company, Frito-Lay, Inc., Global LLP, GDF SUEZ Energy North America, International Paper Company, Lehigh Cement, Cargill, Inc., Northeast Utilities, Nucor Steel, Rawson Materials, Renewable Products Marketing Group, Subaru of New England, Tilcon Connecticut, Inc. and Toray Plastics, Inc. The Company competes with other carriers in the siting of new rail-oriented businesses in the region. The Company also competes with other modes of transportation, particularly long-haul trucking companies, for the transportation of commodities, and ocean-going vessels for the transportation of containers. The Company is subject to governmental regulation by the STB, the FRA, the Transportation Security Administration and other federal, state and local regulatory authorities with respect to certain rates and railroad operations, as well as a variety of health, safety, labor, environmental and other matters.
Executives
Daniel T Noreck officer: Treasurer and CFO 75 HAMMOND STREET, WORCESTER MA 01610
P Scott Conti director, officer: President and COO 75 HAMMOND STREET, WORCESTER MA 01610
Robert H Eder director, 10 percent owner, officer: Chief Executive Officer 5 STEEPLE STREET, #303, PROVIDENCE RI 02903
Linda Eder 10 percent owner 100 DEXTER ROAD, EAST PROVIDENCE RI 02914
Craig M Scott director 75 HAMMOND STREET, WORCESTER MA 01610
Stephen J Carlotti 10 percent owner 1500 FLEET CENTER, PROVIDENCE RI 02903
Merrill W Sherman director 131 CLARENDON STREET, BOSTON MA 02116

Providence & Worcester Railroad Co (Providence & Worcester Railroad Co) Headlines