Universal Potash (Universal Potash) Total Inventories : $0.00 Mil (As of Jun. 2008)

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What is Universal Potash Total Inventories?

Universal Potash's total inventories for the quarter that ended in Jun. 2008 was $0.00 Mil. Universal Potash's average total inventories from the quarter that ended in Mar. 2008 to the quarter that ended in Jun. 2008 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Universal Potash's Net-Net Working Capital per share for the quarter that ended in Jun. 2008 was $-0.02.

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.

Universal Potash Total Inventories Historical Data

The historical data trend for Universal Potash'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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Universal Potash Total Inventories Chart

Universal Potash Annual Data

Trend

Mar04

Mar05

Mar06

Mar07

Mar08

Total Inventories

Universal Potash Quarterly Data
	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
Total Inventories	Get a 7-Day Free Trial												-	-	-	-	-

Universal Potash 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.

Universal Potash (OTCPK:UPCO) 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.

Universal Potash's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2008 is

	Net-Net Working Capital Per Share (Q: Jun. 2008 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.054	+	0.75 * 0	+	0.5 * 0	-	0.692
-	0	-	0)	/	38.5792
=	-0.02

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

Universal Potash's Days Inventory for the three months ended in Jun. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2008 )	/	Cost of Goods Sold (Q: Jun. 2008 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

Universal Potash's Inventory Turnover for the quarter that ended in Jun. 2008 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2008 )	/	Average Total Inventories (Q: Jun. 2008 )
	=	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.

Universal Potash's Inventory to Revenue for the quarter that ended in Jun. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2008 )	/	Revenue (Q: Jun. 2008 )
	=	0	/	0
	=

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.

Universal Potash Total Inventories Related Terms

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Universal Potash (Universal Potash) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Universal Potash Corp (OTCPK:UPCO) » Definitions » Total Inventories

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Address

1300 East Street, Fairport Harbor, OH, USA, 44077

Website

http://www.universalpotash.com

Universal Potash Corp is an exploration stage company. It is engaged in the mining of natural resources in the United States.

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