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Talon International's total inventories for the quarter that ended in Sep. 2017 was $0.47 Mil. Talon International's average total inventories from the quarter that ended in Jun. 2017 to the quarter that ended in Sep. 2017 was $0.47 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Talon International's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was $-0.04.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Talon International's Days Inventory for the three months ended in Sep. 2017 was 6.82.
Inventory Turnover measures how fast the company turns over its inventory within a year. Talon International's Inventory Turnover for the quarter that ended in Sep. 2017 was 13.38.
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. Talon International's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 0.05.
The historical data trend for Talon International'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.
Talon International Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 0.73 | 0.80 | 0.51 | 0.66 | 0.50 |
Talon International Quarterly Data | ||||||||||||||||||||
Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | |
Total Inventories | Get a 7-Day Free Trial | 0.60 | 0.50 | 0.63 | 0.47 | 0.47 |
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.
Talon International (OTCPK:TALN) 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.
Talon International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 is
Net-Net Working Capital Per Share (Q: Sep. 2017 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (4.978 | + | 0.75 * 4.076 | + | 0.5 * 0.471 | - | 12.373 |
- | 0 | - | 0) | / | 92.3383 | ||
= | -0.04 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Talon International's Days Inventory for the three months ended in Sep. 2017 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2017 ) | / | Cost of Goods Sold (Q: Sep. 2017 ) | * | Days in Period |
= | 0.4725 | / | 6.321 | * | 365 / 4 | |
= | 6.82 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Talon International's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2017 ) | / | Average Total Inventories (Q: Sep. 2017 ) |
= | 6.321 | / | 0.4725 | |
= | 13.38 |
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.
Talon International's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2017 ) | / | Revenue (Q: Sep. 2017 ) |
= | 0.4725 | / | 9.789 | |
= | 0.05 |
* 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.
Thank you for viewing the detailed overview of Talon International's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Morris D Weiss | director | 1221 YELLOWSTONE, PO BOX 2120, OSBORN ID 83849 |
Mark Dyne | director, 10 percent owner | C/O BRILLIANT DIGITAL ENTERTAINMENT INC, 6355 TOPANGA CANYON BLVD, SUITE 520, WOODLAND HILLS CA 91367 |
Michael Falk | other: See Remarks | 830 THIRD AVENUE, 4TH FLOOR, NEW YORK NY 10017 |
Robert L Priddy | other: See Remarks | 9955 AIRTRAN BLVD., *, ORLANDO FL 32827 |
Michael F Snyder | director | VONAGE HOLDINGS CORP 23 MAIN STREET HOLMDEL NJ 07733 |
William Sweedler | director | C/O ICONIX BRAND GROUP, INC. 1450 BROADWAY, 4TH FLOOR NEW YORK NY 10018 |
Raymond Musci | director | C/O BRILLIANT DIGITAL ENTERTAINMENT INC, 6355 TOPANGA CANYON BOULEVARD SUITE 520, WOODLAND HILLS CA 91367 |
Sanders Morris Harris Inc/fa | 10 percent owner | 600 TRAVIS, SUITE 5900, HOUSTON TX 77002 |
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