UMAX (Umax Group) Total Inventories : $0.00 Mil (As of Apr. 2018)

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What is Umax Group Total Inventories?

Umax Group's total inventories for the quarter that ended in Apr. 2018 was $0.00 Mil. Umax Group's average total inventories from the quarter that ended in Apr. 2017 to the quarter that ended in Apr. 2018 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Umax Group's Net-Net Working Capital per share for the quarter that ended in Apr. 2018 was $-0.06.

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.

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. Umax Group's Inventory-to-Revenue for the quarter that ended in Apr. 2018 was 0.00.

Umax Group Total Inventories Historical Data

The historical data trend for Umax Group'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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Umax Group Total Inventories Chart

Umax Group Annual Data

Trend

Apr12

Apr13

Apr17

Apr18

Total Inventories

Umax Group Semi-Annual Data
	Apr12	Apr13	Apr17	Apr18
Total Inventories	-	-	-	-

Umax Group 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.

Umax Group (OTCPK:UMAX) 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.

Umax Group's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2018 is

	Net-Net Working Capital Per Share (Q: Apr. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0.75 * 0	+	0.5 * 0	-	0.093
-	0.051	-	0)	/	2.35944
=	-0.06

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

Umax Group's Days Inventory for the six months ended in Apr. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2018 )	/	Cost of Goods Sold (Q: Apr. 2018 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

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

Umax Group's Inventory Turnover for the quarter that ended in Apr. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Apr. 2018 )	/	Average Total Inventories (Q: Apr. 2018 )
	=	0	/	0
	=	N/A

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.

Umax Group's Inventory to Revenue for the quarter that ended in Apr. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2018 )	/	Revenue (Q: Apr. 2018 )
	=	0	/	0.004
	=	0.00

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.

Umax Group Total Inventories Related Terms

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Umax Group Business Description

Industry

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Address

2020 Bay Street, Los Angeles, CA, USA, 90012

Website

https://www.umaxgrpcorp.com

Umax Group Corp is a media development company which is concentrated on producing its original content with the intent of selling that content to one of the many streaming companies such as Netflix, Hulu, Showtime, Disney plus etc. and having their own streaming platforms on website and YouTube channels.