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Turners Group NZ (NZSE:TUA) Inventories, Work In Process : NZ$0.00 Mil (As of Jun. 2014)


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What is Turners Group NZ Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Turners Group NZ's work in process for the quarter that ended in Jun. 2014 was NZ$0.00 Mil.


Turners Group NZ Inventories, Work In Process Historical Data

The historical data trend for Turners Group NZ's Inventories, Work In Process 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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Turners Group NZ Inventories, Work In Process Chart

Turners Group NZ Annual Data
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Inventories, Work In Process
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Turners Group NZ Semi-Annual Data
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Turners Group NZ Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.


Turners Group NZ (NZSE:TUA) Business Description

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Turners Auctions Limited (TUA-NZ) is New Zealand's largest auction house with 16 branches nation wide and annual turnover exceeding NZ$400m. TUA is also the largest single seller of motor vehicles in New Zealand. The business operates in two broad markets: used vehicles and commercial goods. Vehicle sales include trucks, damaged insurance salvaged vehicles, light commercial vehicles and passenger cars. Commercial sales include a wide variety of surplus equipment such as heavy plant and machinery, police and custom seized goods, liquidator sales, catering equipment, computers and furniture.

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