SOEN (Solar Enertech) Total Inventories : $0.90 Mil (As of Dec. 2011)

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What is Solar Enertech Total Inventories?

Solar Enertech's total inventories for the quarter that ended in Dec. 2011 was $0.90 Mil. Solar Enertech's average total inventories from the quarter that ended in Sep. 2011 to the quarter that ended in Dec. 2011 was $1.55 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Solar Enertech's Net-Net Working Capital per share for the quarter that ended in Dec. 2011 was $-0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solar Enertech's Days Inventory for the three months ended in Dec. 2011 was 45.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solar Enertech's Inventory Turnover for the quarter that ended in Dec. 2011 was 2.00.

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. Solar Enertech's Inventory-to-Revenue for the quarter that ended in Dec. 2011 was 0.73.

Solar Enertech Total Inventories Historical Data

The historical data trend for Solar Enertech'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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Solar Enertech Total Inventories Chart

Solar Enertech Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Total Inventories

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5.71

4.89

4.00

4.08

2.19

Solar Enertech Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Total Inventories	Get a 7-Day Free Trial															5.39	5.04	3.17	2.19	0.90

Solar Enertech 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.

Solar Enertech (OTCPK:SOEN) 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.

Solar Enertech's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2011 is

	Net-Net Working Capital Per Share (Q: Dec. 2011 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.095	+	0.75 * 5.296	+	0.5 * 0.901	-	9.351
-	0	-	0)	/	181.48
=	-0.02

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

Solar Enertech's Days Inventory for the three months ended in Dec. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2011 )	/	Cost of Goods Sold (Q: Dec. 2011 )	*	Days in Period
	=	1.545	/	3.091	*	365 / 4
	=	45.61

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

Solar Enertech's Inventory Turnover for the quarter that ended in Dec. 2011 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2011 )	/	Average Total Inventories (Q: Dec. 2011 )
	=	3.091	/	1.545
	=	2.00

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.

Solar Enertech's Inventory to Revenue for the quarter that ended in Dec. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2011 )	/	Revenue (Q: Dec. 2011 )
	=	1.545	/	2.107
	=	0.73

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.

Solar Enertech Total Inventories Related Terms

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Solar Enertech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solar Enertech Corp (OTCPK:SOEN) » Definitions » Total Inventories

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Address

655 West Evelyn Avenue, Suite 2, Mountain View, CA, USA, 94041

Website

http://www.solarenertech.com

Solar Enertech Corp currently operates as a photovoltaic solar energy cell manufacturer.

Executives

David Anthony	director	200 LUDLOW DRIVE, EWING NJ 08638
David Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Monica Chavez Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Quercus Trust	10 percent owner	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Lcg Select Llc	10 percent owner	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Lcg Select Offshore Ltd	10 percent owner	PO BOX 309GT UGLAND HOUSE SOUTH CHURCH S, GEORGE TOWN, GRAND CAYAMAN CAYMAN E9 00000

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