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VULC (Vulcan International) Total Inventories : $0.26 Mil (As of Jun. 2005)


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What is Vulcan International Total Inventories?

Vulcan International's total inventories for the quarter that ended in Jun. 2005 was $0.26 Mil. Vulcan International's average total inventories from the quarter that ended in Mar. 2005 to the quarter that ended in Jun. 2005 was $0.33 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Vulcan International's Net-Net Working Capital per share for the quarter that ended in Jun. 2005 was $-12.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vulcan International's Days Inventory for the three months ended in Jun. 2005 was 24.42.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vulcan International's Inventory Turnover for the quarter that ended in Jun. 2005 was 3.74.

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. Vulcan International's Inventory-to-Revenue for the quarter that ended in Jun. 2005 was 0.26.


Vulcan International Total Inventories Historical Data

The historical data trend for Vulcan International'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.

Vulcan International Total Inventories Chart

Vulcan International Annual Data
Trend Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.36 0.70 0.65 0.53

Vulcan International Quarterly Data
Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.67 0.53 0.41 0.26

Vulcan International 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.


Vulcan International  (OTCPK:VULC) 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.

Vulcan International's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2005 is

Net-Net Working Capital Per Share (Q: Jun. 2005 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(14.97+0.75 * 0.72+0.5 * 0.261-27.386
-0-0.013)/0.97771
=-12.03

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

Vulcan International's Days Inventory for the three months ended in Jun. 2005 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2005 )/Cost of Goods Sold (Q: Jun. 2005 )*Days in Period
=0.3335/1.246*365 / 4
=24.42

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

Vulcan International's Inventory Turnover for the quarter that ended in Jun. 2005 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2005 ) / Average Total Inventories (Q: Jun. 2005 )
=1.246 / 0.3335
=3.74

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.

Vulcan International's Inventory to Revenue for the quarter that ended in Jun. 2005 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2005 ) / Revenue (Q: Jun. 2005 )
=0.3335 / 1.263
=0.26

* 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.


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.


Vulcan International Total Inventories Related Terms

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Vulcan International Business Description

Traded in Other Exchanges
N/A
Address
1151 College Street, Suite 1704, Clarksville, TN, USA, 37040
Vulcan International Corp is a United States based company engaged in the manufacturing of rubber and foam products. Its products include custom mixed rubber, polyethylene foams, expanded rubber sheets, firm sheets, among other products.

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