Functional Technologies (TSXV:FEB.H) Total Inventories : C$0.00 Mil (As of Aug. 2012)

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What is Functional Technologies Total Inventories?

Functional Technologies's total inventories for the quarter that ended in Aug. 2012 was C$0.00 Mil. Functional Technologies's average total inventories from the quarter that ended in Aug. 2011 to the quarter that ended in Aug. 2012 was C$0.16 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Functional Technologies's Net-Net Working Capital per share for the quarter that ended in Aug. 2012 was C$N/A.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Functional Technologies's Days Inventory for the six months ended in Aug. 2012 was 115.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. Functional Technologies's Inventory Turnover for the quarter that ended in Aug. 2012 was 1.58.

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. Functional Technologies's Inventory-to-Revenue for the quarter that ended in Aug. 2012 was 0.91.

Functional Technologies Total Inventories Historical Data

The historical data trend for Functional Technologies'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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Functional Technologies Total Inventories Chart

Functional Technologies Annual Data

Trend

Aug03

Aug04

Aug05

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Total Inventories

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0.01

0.06

0.20

0.32

Functional Technologies Semi-Annual Data
	Aug01	Aug02	Aug03	Aug04	Aug05	Aug06	Aug07	Aug08	Aug09	Aug10	Aug11	Aug12
Total Inventories	Get a 7-Day Free Trial							0.01	0.06	0.20	0.32	-

Functional Technologies 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.

Functional Technologies (TSXV:FEB.H) 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.

Functional Technologies's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2012 is

	Net-Net Working Capital Per Share (Q: Aug. 2012 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.423	+	0.75 * 0.097	+	0.5 * 0	-	6.156
-	0	-	0)	/	0
=	N/A

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

Functional Technologies's Days Inventory for the six months ended in Aug. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2012 )	/	Cost of Goods Sold (Q: Aug. 2012 )	*	Days in Period
	=	0.161	/	0.255	*	365 / 2
	=	115.23

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

Functional Technologies's Inventory Turnover for the quarter that ended in Aug. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2012 )	/	Average Total Inventories (Q: Aug. 2012 )
	=	0.255	/	0.161
	=	1.58

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.

Functional Technologies's Inventory to Revenue for the quarter that ended in Aug. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2012 )	/	Revenue (Q: Aug. 2012 )
	=	0.161	/	0.176
	=	0.91

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.

Functional Technologies Total Inventories Related Terms

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Functional Technologies Business Description

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http://www.firstventuretech.com

Functional Technologies Corp is incorporated under the corporate laws of British Columbia, Canada on October 18, 1999. The Company is a functional foods and biological health products company that is developing and commercializing advanced yeast products and other novel biological products for the food and health care industry. The company develops and commercializes proprietary, advanced yeast-based solutions to significant challenges in the food, beverage and healthcare industries, for which viable solutions are lacking. The Company's platform technologies improve the performance of innate yeast functions to primarily prevent the formation of naturally occurring toxins and contaminants that either affect final product quality or are classified by various global agencies as dangerous substances (e.g. carcinogens, neurotoxicants or reproductive toxicants). The Company operates in three geographic regions: Canada, Europe and the United States.

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