Umami Sustainable Seafood (Umami Sustainable Seafood) Total Inventories : $67.18 Mil (As of Dec. 2012)

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What is Umami Sustainable Seafood Total Inventories?

Umami Sustainable Seafood's total inventories for the quarter that ended in Dec. 2012 was $67.18 Mil. Umami Sustainable Seafood's average total inventories from the quarter that ended in Sep. 2012 to the quarter that ended in Dec. 2012 was $64.80 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Umami Sustainable Seafood's Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was $-1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Umami Sustainable Seafood's Days Inventory for the three months ended in Dec. 2012 was 529.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Umami Sustainable Seafood's Inventory Turnover for the quarter that ended in Dec. 2012 was 0.17.

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. Umami Sustainable Seafood's Inventory-to-Revenue for the quarter that ended in Dec. 2012 was 3.11.

Umami Sustainable Seafood Total Inventories Historical Data

The historical data trend for Umami Sustainable Seafood'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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Umami Sustainable Seafood Total Inventories Chart

Umami Sustainable Seafood Annual Data

Trend

Feb07

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Jun11

Jun12

Total Inventories

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55.03

44.75

Umami Sustainable Seafood Quarterly Data
	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Total Inventories	Get a 7-Day Free Trial															39.35	33.83	44.75	62.41	67.18

Umami Sustainable Seafood 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.

Umami Sustainable Seafood (GREY:UMAM) 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.

Umami Sustainable Seafood's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2012 is

	Net-Net Working Capital Per Share (Q: Dec. 2012 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.319	+	0.75 * 1.475	+	0.5 * 67.181	-	99.945
-	0	-	-4.157)	/	50.555
=	-1.12

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

Umami Sustainable Seafood's Days Inventory for the three months ended in Dec. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2012 )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
	=	64.7965	/	11.157	*	365 / 4
	=	529.95

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

Umami Sustainable Seafood's Inventory Turnover for the quarter that ended in Dec. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2012 )	/	Average Total Inventories (Q: Dec. 2012 )
	=	11.157	/	64.7965
	=	0.17

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.

Umami Sustainable Seafood's Inventory to Revenue for the quarter that ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2012 )	/	Revenue (Q: Dec. 2012 )
	=	64.7965	/	20.836
	=	3.11

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.

Umami Sustainable Seafood Total Inventories Related Terms

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Umami Sustainable Seafood (Umami Sustainable Seafood) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Umami Sustainable Seafood Inc (GREY:UMAM) » Definitions » Total Inventories

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Address

1230 Columbia Street, Suite 440, San Diego, CA, USA, 92101

Website

http://www.umamiseafood.com

Umami Sustainable Seafood Inc owns and operates aquaculture facilities. Its facilities are in the Croatian territorial waters of the Adriatic Sea where it farms Northern Bluefin Tuna ("NBT") for sale primarily into the Japanese sushi and sashimi market.

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