HFGVF (Hanfeng Evergreen) Total Inventories : $24.2 Mil (As of Sep. 2013)

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What is Hanfeng Evergreen Total Inventories?

Hanfeng Evergreen's total inventories for the quarter that ended in Sep. 2013 was $24.2 Mil. Hanfeng Evergreen's average total inventories from the quarter that ended in Jun. 2013 to the quarter that ended in Sep. 2013 was $15.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hanfeng Evergreen's Net-Net Working Capital per share for the quarter that ended in Sep. 2013 was $0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hanfeng Evergreen's Days Inventory for the three months ended in Sep. 2013 was 102.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hanfeng Evergreen's Inventory Turnover for the quarter that ended in Sep. 2013 was 0.89.

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. Hanfeng Evergreen's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 5.25.

Hanfeng Evergreen Total Inventories Historical Data

The historical data trend for Hanfeng Evergreen'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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Hanfeng Evergreen Total Inventories Chart

Hanfeng Evergreen Annual Data

Trend

Nov03

Dec04

Dec05

Dec06

Dec07

Dec08

Jun10

Jun11

Jun12

Jun13

Total Inventories

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39.50

16.12

18.22

10.05

5.90

Hanfeng Evergreen Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Total Inventories	Get a 7-Day Free Trial															68.77	51.96	59.08	5.90	24.15

Hanfeng Evergreen 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.

Hanfeng Evergreen (OTCPK:HFGVF) 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.

Hanfeng Evergreen's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2013 is

	Net-Net Working Capital Per Share (Q: Sep. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(26.447	+	0.75 * 0	+	0.5 * 24.153	-	6.48
-	0	-	0)	/	60.1937
=	0.53

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

Hanfeng Evergreen's Days Inventory for the three months ended in Sep. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2013 )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
	=	15.0255	/	13.367	*	365 / 4
	=	102.57

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

Hanfeng Evergreen's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2013 )	/	Average Total Inventories (Q: Sep. 2013 )
	=	13.367	/	15.0255
	=	0.89

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.

Hanfeng Evergreen's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2013 )	/	Revenue (Q: Sep. 2013 )
	=	15.0255	/	2.862
	=	5.25

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.

Hanfeng Evergreen Total Inventories Related Terms

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Hanfeng Evergreen Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Hanfeng Evergreen Inc (OTCPK:HFGVF) » Definitions » Total Inventories

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Address

One First Canadian Place, 100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9

Website

http://www.hanfengevergreen.com

Hanfeng Evergreen Inc is a Canada based manufacturer of value-added fertilizer for the agricultural markets in the People's Republic of China and South-East Asia. The company's product portfolio includes Slow-Release Fertilizer, Premium NPK Fertilizer, Sulfur Coated Urea (SCU) Fertilizer, Urease Inhibitor and UF (Urea Formaldehyde) Technology.

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