VALV (Shengkai Innovations) Total Inventories : $2.34 Mil (As of Mar. 2013)

View and export this data going back to 2006. Start your Free Trial

What is Shengkai Innovations Total Inventories?

Shengkai Innovations's total inventories for the quarter that ended in Mar. 2013 was $2.34 Mil. Shengkai Innovations's average total inventories from the quarter that ended in Dec. 2012 to the quarter that ended in Mar. 2013 was $2.42 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shengkai Innovations's Net-Net Working Capital per share for the quarter that ended in Mar. 2013 was $4.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shengkai Innovations's Days Inventory for the three months ended in Mar. 2013 was 102.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shengkai Innovations's Inventory Turnover for the quarter that ended in Mar. 2013 was 0.89.

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. Shengkai Innovations's Inventory-to-Revenue for the quarter that ended in Mar. 2013 was 0.82.

Shengkai Innovations Total Inventories Historical Data

The historical data trend for Shengkai Innovations'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.

Shengkai Innovations Total Inventories Chart

Shengkai Innovations Annual Data

Trend

Dec05

Dec06

Dec07

Jun08

Jun09

Jun10

Jun11

Jun12

Total Inventories

Get a 7-Day Free Trial

0.73

0.91

2.56

2.53

2.75

Shengkai Innovations Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Total Inventories	Get a 7-Day Free Trial															2.92	2.75	2.58	2.49	2.34

Shengkai Innovations 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.

Shengkai Innovations (OTCPK:VALV) 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.

Shengkai Innovations's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2013 is

	Net-Net Working Capital Per Share (Q: Mar. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(66.272	+	0.75 * 6.469	+	0.5 * 2.343	-	3.031
-	0.002	-	0)	/	17.1961
=	4.03

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

Shengkai Innovations's Days Inventory for the three months ended in Mar. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2013 )	/	Cost of Goods Sold (Q: Mar. 2013 )	*	Days in Period
	=	2.4165	/	2.158	*	365 / 4
	=	102.18

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

Shengkai Innovations's Inventory Turnover for the quarter that ended in Mar. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2013 )	/	Average Total Inventories (Q: Mar. 2013 )
	=	2.158	/	2.4165
	=	0.89

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.

Shengkai Innovations's Inventory to Revenue for the quarter that ended in Mar. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2013 )	/	Revenue (Q: Mar. 2013 )
	=	2.4165	/	2.962
	=	0.82

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.

Shengkai Innovations Total Inventories Related Terms

Thank you for viewing the detailed overview of Shengkai Innovations's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Shengkai Innovations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Shengkai Innovations Inc (OTCPK:VALV) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.106, Zhonghuan South Road, Airport Industrial Park, Tianjin, CHN, 300308

Website

http://www.shengkaiinnovations.com

Shengkai Innovations Inc is a ceramic valve manufacturer with operations in the People's Republic of China.

Executives

Ming He	officer: Chief Financial Officer	NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308
Martin A. Sumichrast	10 percent owner	11125 COLONIAL COUNTRY LANE, CHARLOTTE NC 28277

Shengkai Innovations Headlines

No Headlines