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Kian Ann Engineering Limited (SGX:K04) Total Inventories : S$101.9 Mil (As of Sep. 2012)


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What is Kian Ann Engineering Limited Total Inventories?

Kian Ann Engineering Limited's total inventories for the quarter that ended in Sep. 2012 was S$101.9 Mil. Kian Ann Engineering Limited's average total inventories from the quarter that ended in Jun. 2012 to the quarter that ended in Sep. 2012 was S$100.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kian Ann Engineering Limited's Net-Net Working Capital per share for the quarter that ended in Sep. 2012 was S$0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kian Ann Engineering Limited's Days Inventory for the three months ended in Sep. 2012 was 306.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kian Ann Engineering Limited's Inventory Turnover for the quarter that ended in Sep. 2012 was 0.30.

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. Kian Ann Engineering Limited's Inventory-to-Revenue for the quarter that ended in Sep. 2012 was 2.50.


Kian Ann Engineering Limited Total Inventories Historical Data

The historical data trend for Kian Ann Engineering Limited'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.

Kian Ann Engineering Limited Total Inventories Chart

Kian Ann Engineering Limited Annual Data
Trend Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.14 74.52 69.80 83.38 99.60

Kian Ann Engineering Limited Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.78 106.75 102.52 99.60 101.89

Kian Ann Engineering Limited 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.


Kian Ann Engineering Limited  (SGX:K04) 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.

Kian Ann Engineering Limited's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2012 is

Net-Net Working Capital Per Share (Q: Sep. 2012 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(27.533+0.75 * 0+0.5 * 101.885-62.807
-0-0)/437.829
=0.04

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

Kian Ann Engineering Limited's Days Inventory for the three months ended in Sep. 2012 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2012 )/Cost of Goods Sold (Q: Sep. 2012 )*Days in Period
=100.7435/29.959*365 / 4
=306.85

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

Kian Ann Engineering Limited's Inventory Turnover for the quarter that ended in Sep. 2012 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2012 ) / Average Total Inventories (Q: Sep. 2012 )
=29.959 / 100.7435
=0.30

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.

Kian Ann Engineering Limited's Inventory to Revenue for the quarter that ended in Sep. 2012 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2012 ) / Revenue (Q: Sep. 2012 )
=100.7435 / 40.339
=2.50

* 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.


Kian Ann Engineering Limited Total Inventories Related Terms

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Kian Ann Engineering Limited (SGX:K04) Business Description

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