SportsQuest (SportsQuest) Total Inventories : $10.00 Mil (As of Oct. 2007)

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What is SportsQuest Total Inventories?

SportsQuest's total inventories for the quarter that ended in Oct. 2007 was $10.00 Mil. SportsQuest's average total inventories from the quarter that ended in Oct. 2006 to the quarter that ended in Oct. 2007 was $5.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SportsQuest's Net-Net Working Capital per share for the quarter that ended in Oct. 2007 was $-1.31.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. SportsQuest's Inventory Turnover for the quarter that ended in Oct. 2007 was 0.00.

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. SportsQuest's Inventory-to-Revenue for the quarter that ended in Oct. 2007 was 178.57.

SportsQuest Total Inventories Historical Data

The historical data trend for SportsQuest'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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SportsQuest Total Inventories Chart

SportsQuest Annual Data

Trend

Oct98

Oct99

Oct00

Oct01

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Oct03

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Oct07

Total Inventories

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10.00

SportsQuest Semi-Annual Data
	Oct96	Oct97	Oct98	Oct99	Oct00	Oct01	Oct02	Oct03	Oct04	Oct05	Oct06	Oct07
Total Inventories	Get a 7-Day Free Trial							-	-	-	-	10.00

SportsQuest 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.

SportsQuest (OTCPK:SPQS) 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.

SportsQuest's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2007 is

	Net-Net Working Capital Per Share (Q: Oct. 2007 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.178	+	0.75 * 0.037	+	0.5 * 10	-	8.201
-	0	-	0)	/	2.27792
=	-1.31

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

SportsQuest's Days Inventory for the six months ended in Oct. 2007 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2007 )	/	Cost of Goods Sold (Q: Oct. 2007 )	*	Days in Period
	=	5	/	0	*	365 / 2
	=

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

SportsQuest's Inventory Turnover for the quarter that ended in Oct. 2007 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2007 )	/	Average Total Inventories (Q: Oct. 2007 )
	=	0	/	5
	=	0.00

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.

SportsQuest's Inventory to Revenue for the quarter that ended in Oct. 2007 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2007 )	/	Revenue (Q: Oct. 2007 )
	=	5	/	0.028
	=	178.57

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.

SportsQuest Total Inventories Related Terms

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SportsQuest (SportsQuest) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SportsQuest Inc (OTCPK:SPQS) » Definitions » Total Inventories

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Address

500 S Australian Avenue, Suite No. 600, West Palm Beach, Florida, FL, USA, 33401

Website

https://www.sports-quest.co

SportsQuest Inc is currently is in development stage company of a sports franchise. The company is primarily engaged in sports and hospitality related services.

Executives

Roy Thomas Kidd	director, officer: President, CEO	432 VALLEY STREAM DRIVE, GENEVA FL 32732
Air Brook Airport Express Inc	other: Related party	500 AUSTRALIAN AVENUE, SUITE 600, WEST PALM BEACH FL 33401

SportsQuest (SportsQuest) Headlines

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