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Medical Device Works (XPAR:ALMDW) Total Inventories : €0.03 Mil (As of Dec. 2012)


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What is Medical Device Works Total Inventories?

Medical Device Works's total inventories for the quarter that ended in Dec. 2012 was €0.03 Mil. Medical Device Works's average total inventories from the quarter that ended in Dec. 2011 to the quarter that ended in Dec. 2012 was €0.03 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Medical Device Works's Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was €-1.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Medical Device Works's Days Inventory for the six months ended in Dec. 2012 was 5.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Medical Device Works's Inventory Turnover for the quarter that ended in Dec. 2012 was 33.79.

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. Medical Device Works's Inventory-to-Revenue for the quarter that ended in Dec. 2012 was 0.03.


Medical Device Works Total Inventories Historical Data

The historical data trend for Medical Device Works'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.

Medical Device Works Total Inventories Chart

Medical Device Works Annual Data
Trend Dec11 Dec12
Total Inventories
0.03 0.03

Medical Device Works Semi-Annual Data
Dec11 Dec12
Total Inventories 0.03 0.03

Medical Device Works 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.


Medical Device Works  (XPAR:ALMDW) 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.

Medical Device Works's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2012 is

Net-Net Working Capital Per Share (Q: Dec. 2012 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0.03+0.5 * 0.03-3.045
-0-0)/1.5097
=-1.99

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

Medical Device Works's Days Inventory for the six months ended in Dec. 2012 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2012 )/Cost of Goods Sold (Q: Dec. 2012 )*Days in Period
=0.029/0.98*365 / 2
=5.40

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

Medical Device Works's Inventory Turnover for the quarter that ended in Dec. 2012 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2012 ) / Average Total Inventories (Q: Dec. 2012 )
=0.98 / 0.029
=33.79

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.

Medical Device Works's Inventory to Revenue for the quarter that ended in Dec. 2012 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2012 ) / Revenue (Q: Dec. 2012 )
=0.029 / 1.098
=0.03

* 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.


Medical Device Works Total Inventories Related Terms

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Medical Device Works (XPAR:ALMDW) Business Description

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Medical Device Works SA is engaged in developing kits of minimally-invasive surgical devices for temporarily isolating damaged organs from blood flow.

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