Rand Worldwide (Rand Worldwide) Total Inventories : $0.5 Mil (As of Dec. 2019)

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What is Rand Worldwide Total Inventories?

Rand Worldwide's total inventories for the quarter that ended in Dec. 2019 was $0.5 Mil. Rand Worldwide's average total inventories from the quarter that ended in Sep. 2019 to the quarter that ended in Dec. 2019 was $0.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Rand Worldwide's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was $-0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rand Worldwide's Days Inventory for the three months ended in Dec. 2019 was 0.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rand Worldwide's Inventory Turnover for the quarter that ended in Dec. 2019 was 256.73.

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. Rand Worldwide's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.00.

Rand Worldwide Total Inventories Historical Data

The historical data trend for Rand Worldwide'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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Rand Worldwide Total Inventories Chart

Rand Worldwide Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Total Inventories

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0.10

0.02

0.15

0.01

0.04

Rand Worldwide Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Total Inventories	Get a 7-Day Free Trial															0.04	0.02	0.04	0.02	0.47

Rand Worldwide 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.

Rand Worldwide (OTCPK:RWWI) 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.

Rand Worldwide's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2019 is

	Net-Net Working Capital Per Share (Q: Dec. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(13.772	+	0.75 * 36.38	+	0.5 * 0.467	-	61.323
-	0.002	-	0)	/	31.8834
=	-0.63

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

Rand Worldwide's Days Inventory for the three months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	0.2425	/	62.258	*	365 / 4
	=	0.36

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

Rand Worldwide's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2019 )	/	Average Total Inventories (Q: Dec. 2019 )
	=	62.258	/	0.2425
	=	256.73

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.

Rand Worldwide's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2019 )	/	Revenue (Q: Dec. 2019 )
	=	0.2425	/	87.859
	=	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.

Rand Worldwide Total Inventories Related Terms

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Rand Worldwide (Rand Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rand Worldwide Inc (OTCPK:RWWI) » Definitions » Total Inventories

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Traded in Other Exchanges

N/A

Address

11201 Dolfield Boulevard, Suite 112, Owings Mills, Baltimore, MD, USA, 21117

Website

https://www.rand.com

Rand Worldwide Inc provides design, engineering, and facilities management technology solutions and professional services to engineering and design companies internationally. It provides value-added services, such as training, technical support, and other consulting and professional services to businesses, government agencies, and educational institutions. The firm operates in five divisions: IMAGINiT Technologies, Rand 3D, Rand Simulation, Facilities Management, and ASCENT - Center for Technical Knowledge. The company's product sale revenue comes from the sale of perpetual as well as term-based software licenses, hardware, and training materials.

Executives

Lawrence Rychlak	director, officer: Chief Executive Officer	14 PEBBLE LANE TIMONIUM MD 21093
Philip B Livingston	director	1241 EAST MAIN ST, STAMFORD CT 06902
David Michael Schneider	director	36 ROSEWOOD DRIVE EASTON CT 06612
Dulude Marc J L	director, officer: Chief Executive Officer	55 WILLIAM ST STE 240 WELLESLEY MA 02481
2006 L P Ampersand	other: Former 10% owner	55 WILLIAM ST SUITE 240 WELLESLEY MA 02481
Amp-06 Mc Llc	other: Former 10% owner	C/O AMPERSAND VENTURES 55 WILLIAM STREET, SUITE 240 WELLESLEY MA 02481
Amp-06 Management Co Limited Partnership	other: Former 10% owner	C/O AMPERSAND VENTURES 55 WILLIAM STREET, SUITE 240 WELLESLEY MA 02481
Rwwi Holdings Llc	other: Former 10% owner	C/O AMPERSAND VENTURES 55 WILLIAM STREET, SUITE 240 WELLESLEY MA 02481
Manu Parpia	director	GODREJ BHAVAN, 4A HOME STREET FORT, BOMBAY K7 400 001
Peter H Kamin	director, 10 percent owner	2720 DONALD ROSS ROAD, #311, PALM BEACH GARDENS FL 33410
Robert Francis Heeg	officer: Executive Vice President	10022 JAMESTOWN DRIVE NORTH ROYAL OH 44133
George M Davis	director
Eugene J Fischer	director	245 LANING DRIVE WOODSIDE CA 94062
3k Limited Partnership	other: See Explanation of Responses	ONE AVERY STREET 17B BOSTON MA 02111
Peter H. Kamin Childrens Trust	other: See Explanation of Responses	ONE AVERY STREET 17B BOSTON MA 02111

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