Velocity Energy (Velocity Energy) Total Inventories : $0.00 Mil (As of Jun. 2009)

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What is Velocity Energy Total Inventories?

Velocity Energy's total inventories for the quarter that ended in Jun. 2009 was $0.00 Mil. Velocity Energy's average total inventories from the quarter that ended in Mar. 2009 to the quarter that ended in Jun. 2009 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Velocity Energy's Net-Net Working Capital per share for the quarter that ended in Jun. 2009 was $-0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Velocity Energy's Days Inventory for the three months ended in Jun. 2009 was 0.00.

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.

Velocity Energy Total Inventories Historical Data

The historical data trend for Velocity Energy'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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Velocity Energy Total Inventories Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Total Inventories

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Total Inventories	Get a 7-Day Free Trial										-	-	-	-	-

Velocity Energy 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.

Velocity Energy (OTCPK:VCYE) 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.

Velocity Energy's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2009 is

	Net-Net Working Capital Per Share (Q: Jun. 2009 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.043	+	0.75 * 0.031	+	0.5 * 0	-	14.148
-	0	-	0)	/	26.3474
=	-0.53

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

Velocity Energy's Days Inventory for the three months ended in Jun. 2009 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2009 )	/	Cost of Goods Sold (Q: Jun. 2009 )	*	Days in Period
	=	0	/	0.052	*	365 / 4
	=	0.00

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

Velocity Energy's Inventory Turnover for the quarter that ended in Jun. 2009 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2009 )	/	Average Total Inventories (Q: Jun. 2009 )
	=	0.052	/	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.

Velocity Energy's Inventory to Revenue for the quarter that ended in Jun. 2009 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2009 )	/	Revenue (Q: Jun. 2009 )
	=	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.

Velocity Energy Total Inventories Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

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