SHP Celex a.d (XBLB:CELX-R-A) Total Inventories : BAM7.42 Mil (As of Dec. 2013)

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What is SHP Celex a.d Total Inventories?

SHP Celex a.d's total inventories for the quarter that ended in Dec. 2013 was BAM7.42 Mil. SHP Celex a.d's average total inventories from the quarter that ended in Dec. 2012 to the quarter that ended in Dec. 2013 was BAM8.24 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SHP Celex a.d's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was BAM-2.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SHP Celex a.d's Days Inventory for the six months ended in Dec. 2013 was 158.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. SHP Celex a.d's Inventory Turnover for the quarter that ended in Dec. 2013 was 1.16.

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. SHP Celex a.d's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.11.

SHP Celex a.d Total Inventories Historical Data

The historical data trend for SHP Celex a.d'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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SHP Celex a.d Total Inventories Chart

SHP Celex a.d Annual Data

Trend

Dec12

Dec13

Total Inventories

9.06

7.42

SHP Celex a.d Semi-Annual Data
	Dec12	Dec13
Total Inventories	9.06	7.42

SHP Celex a.d 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.

SHP Celex a.d (XBLB:CELX-R-A) 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.

SHP Celex a.d's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 is

	Net-Net Working Capital Per Share (Q: Dec. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.858	+	0.75 * 5.567	+	0.5 * 7.422	-	48.49
-	0	-	0)	/	13.2089
=	-2.86

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

SHP Celex a.d's Days Inventory for the six months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	8.2415	/	9.519	*	365 / 2
	=	158.01

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

SHP Celex a.d's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2013 )	/	Average Total Inventories (Q: Dec. 2013 )
	=	9.519	/	8.2415
	=	1.16

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.

SHP Celex a.d's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	8.2415	/	73.965
	=	0.11

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.

SHP Celex a.d Total Inventories Related Terms

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SHP Celex a.d (XBLB:CELX-R-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SHP Celex a.d (XBLB:CELX-R-A) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veljka Mladjenoviaea bb, Banja Luka, BIH, 78102

Website

http://www.shpgroup.eu

SHP Celex a.d. operates in the industry of household and personal products. The company is engaged in manufacturing of hygienic papers in Central and South Eastern Europe. The products of the company include toilet paper, kitchen towels, handkerchiefs, facial tissues, and napkins.

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