Signature Leisure (Signature Leisure) Total Inventories : $0.01 Mil (As of Sep. 2008)

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What is Signature Leisure Total Inventories?

Signature Leisure's total inventories for the quarter that ended in Sep. 2008 was $0.01 Mil. Signature Leisure's average total inventories from the quarter that ended in Jun. 2008 to the quarter that ended in Sep. 2008 was $0.01 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Signature Leisure's Net-Net Working Capital per share for the quarter that ended in Sep. 2008 was $-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Signature Leisure's Days Inventory for the three months ended in Sep. 2008 was 91.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Signature Leisure's Inventory Turnover for the quarter that ended in Sep. 2008 was 1.00.

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. Signature Leisure's Inventory-to-Revenue for the quarter that ended in Sep. 2008 was 8.00.

Signature Leisure Total Inventories Historical Data

The historical data trend for Signature Leisure'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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Signature Leisure Total Inventories Chart

Signature Leisure Annual Data

Trend

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Total Inventories

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0.03

0.01

Signature Leisure Quarterly Data
	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Total Inventories	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Signature Leisure 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.

Signature Leisure (GREY:SGLS) 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.

Signature Leisure's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2008 is

	Net-Net Working Capital Per Share (Q: Sep. 2008 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.029	+	0.75 * 0	+	0.5 * 0.008	-	0.987
-	0	-	0)	/	395.478
=	-0.00

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

Signature Leisure's Days Inventory for the three months ended in Sep. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2008 )	/	Cost of Goods Sold (Q: Sep. 2008 )	*	Days in Period
	=	0.008	/	0.008	*	365 / 4
	=	91.25

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

Signature Leisure's Inventory Turnover for the quarter that ended in Sep. 2008 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2008 )	/	Average Total Inventories (Q: Sep. 2008 )
	=	0.008	/	0.008
	=	1.00

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.

Signature Leisure's Inventory to Revenue for the quarter that ended in Sep. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2008 )	/	Revenue (Q: Sep. 2008 )
	=	0.008	/	0.001
	=	8.00

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.

Signature Leisure Total Inventories Related Terms

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Signature Leisure (Signature Leisure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Signature Leisure Inc (GREY:SGLS) » Definitions » Total Inventories

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Address

100 Candace Drive, Suite 100, Maitland, FL, USA, 32751

Website

Signature Leisure Inc's current business includes operations of Parker Productions, a modeling and event staffing business, E Cubed Technologies, an information technology services company and Signature Auto, an independent dealer in motor vehicles.

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