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NODA SCREEN CO., (TSE:6790) Total Inventories : 円101 Mil (As of Oct. 2012)


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What is NODA SCREEN CO., Total Inventories?

NODA SCREEN CO.,'s total inventories for the quarter that ended in Oct. 2012 was 円101 Mil. NODA SCREEN CO.,'s average total inventories from the quarter that ended in Jul. 2012 to the quarter that ended in Oct. 2012 was 円76 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. NODA SCREEN CO.,'s Net-Net Working Capital per share for the quarter that ended in Oct. 2012 was 円26,589.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NODA SCREEN CO.,'s Days Inventory for the three months ended in Oct. 2012 was 12.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. NODA SCREEN CO.,'s Inventory Turnover for the quarter that ended in Oct. 2012 was 7.10.

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. NODA SCREEN CO.,'s Inventory-to-Revenue for the quarter that ended in Oct. 2012 was 0.09.


NODA SCREEN CO., Total Inventories Historical Data

The historical data trend for NODA SCREEN CO.,'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.

NODA SCREEN CO., Total Inventories Chart

NODA SCREEN CO., Annual Data
Trend Apr08 Apr09 Apr10 Apr11 Apr12
Total Inventories
71.09 76.10 57.44 59.87 55.37

NODA SCREEN CO., Quarterly Data
Apr10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12
Total Inventories Get a 7-Day Free Trial Premium Member Only 65.37 61.03 55.37 49.92 101.17

NODA SCREEN CO., 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.


NODA SCREEN CO.,  (TSE:6790) 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.

NODA SCREEN CO.,'s Net-Net Working Capital Per Share for the quarter that ended in Oct. 2012 is

Net-Net Working Capital Per Share (Q: Oct. 2012 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3281.83+0.75 * 0+0.5 * 101.168-567.118
-0-0)/0.104
=26,589.38

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

NODA SCREEN CO.,'s Days Inventory for the three months ended in Oct. 2012 is calculated as:

Days Inventory=Average Total Inventories (Q: Oct. 2012 )/Cost of Goods Sold (Q: Oct. 2012 )*Days in Period
=75.542/536.461*365 / 4
=12.85

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

NODA SCREEN CO.,'s Inventory Turnover for the quarter that ended in Oct. 2012 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Oct. 2012 ) / Average Total Inventories (Q: Oct. 2012 )
=536.461 / 75.542
=7.10

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.

NODA SCREEN CO.,'s Inventory to Revenue for the quarter that ended in Oct. 2012 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Oct. 2012 ) / Revenue (Q: Oct. 2012 )
=75.542 / 870.086
=0.09

* 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.


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NODA SCREEN CO., (TSE:6790) Business Description

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