Asia Power (SGX:A03) Total Inventories : S$1.41 Mil (As of Sep. 2013)

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What is Asia Power Total Inventories?

Asia Power's total inventories for the quarter that ended in Sep. 2013 was S$1.41 Mil. Asia Power's average total inventories from the quarter that ended in Jun. 2013 to the quarter that ended in Sep. 2013 was S$1.32 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Asia Power's Net-Net Working Capital per share for the quarter that ended in Sep. 2013 was S$-0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia Power's Days Inventory for the three months ended in Sep. 2013 was 36.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asia Power's Inventory Turnover for the quarter that ended in Sep. 2013 was 2.51.

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. Asia Power's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 0.16.

Asia Power Total Inventories Historical Data

The historical data trend for Asia Power'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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Asia Power Total Inventories Chart

Asia Power Annual Data

Trend

Jun03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Total Inventories

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4.52

4.27

1.91

2.12

1.44

Asia Power Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Total Inventories	Get a 7-Day Free Trial										1.58	1.44	1.11	1.24	1.41

Asia Power 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.

Asia Power (SGX:A03) 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.

Asia Power's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2013 is

	Net-Net Working Capital Per Share (Q: Sep. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(43.627	+	0.75 * 3.594	+	0.5 * 1.406	-	65.321
-	0	-	24.757)	/	465.922
=	-0.09

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

Asia Power's Days Inventory for the three months ended in Sep. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2013 )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
	=	1.3215	/	3.312	*	365 / 4
	=	36.41

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

Asia Power's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2013 )	/	Average Total Inventories (Q: Sep. 2013 )
	=	3.312	/	1.3215
	=	2.51

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.

Asia Power's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2013 )	/	Revenue (Q: Sep. 2013 )
	=	1.3215	/	8.273
	=	0.16

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.

Asia Power Total Inventories Related Terms

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Asia Power (SGX:A03) Business Description

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Website

http://www.asiapower.com.sg

Asia Power Corporation Limited is incorporated in Singapore. The Company is engaged in the business of ownership, management and operation of power plants in China. The Company operates under the following segments: Power plant operations which include owning, managing and operating power plants to generate and sell power, heat and steam; Power-related technology which includes design, manufacture and assembly of computerized automation systems which are used for the regulation of electricity flow and protection of power grids; Investment holding and others which include Holding of long-term investments and provision of power related business consultancy and management services.

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