Alabama Aircraft Industries (Alabama Aircraft Industries) Total Inventories : $5.09 Mil (As of Dec. 2008)

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What is Alabama Aircraft Industries Total Inventories?

Alabama Aircraft Industries's total inventories for the quarter that ended in Dec. 2008 was $5.09 Mil. Alabama Aircraft Industries's average total inventories from the quarter that ended in Sep. 2008 to the quarter that ended in Dec. 2008 was $4.72 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Alabama Aircraft Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2008 was $-8.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alabama Aircraft Industries's Days Inventory for the three months ended in Dec. 2008 was 33.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Alabama Aircraft Industries's Inventory Turnover for the quarter that ended in Dec. 2008 was 2.71.

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. Alabama Aircraft Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2008 was 0.32.

Alabama Aircraft Industries Total Inventories Historical Data

The historical data trend for Alabama Aircraft Industries'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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Alabama Aircraft Industries Total Inventories Chart

Alabama Aircraft Industries Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Total Inventories

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21.51

19.54

8.56

6.32

5.09

Alabama Aircraft Industries Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08
Total Inventories	Get a 7-Day Free Trial															6.32	8.50	4.74	4.34	5.09

Alabama Aircraft Industries 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.

Alabama Aircraft Industries (OTCPK:AAIIQ) 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.

Alabama Aircraft Industries's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2008 is

	Net-Net Working Capital Per Share (Q: Dec. 2008 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(7.612	+	0.75 * 6.691	+	0.5 * 5.092	-	51.098
-	0	-	0)	/	4.12895
=	-8.70

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

Alabama Aircraft Industries's Days Inventory for the three months ended in Dec. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2008 )	/	Cost of Goods Sold (Q: Dec. 2008 )	*	Days in Period
	=	4.7155	/	12.797	*	365 / 4
	=	33.62

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

Alabama Aircraft Industries's Inventory Turnover for the quarter that ended in Dec. 2008 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2008 )	/	Average Total Inventories (Q: Dec. 2008 )
	=	12.797	/	4.7155
	=	2.71

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.

Alabama Aircraft Industries's Inventory to Revenue for the quarter that ended in Dec. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2008 )	/	Revenue (Q: Dec. 2008 )
	=	4.7155	/	14.607
	=	0.32

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.

Alabama Aircraft Industries Total Inventories Related Terms

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Alabama Aircraft Industries (Alabama Aircraft Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Alabama Aircraft Industries Inc (OTCPK:AAIIQ) » Definitions » Total Inventories

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Traded in Other Exchanges

N/A

Address

1943 North 50th Street, Birmingham, AL, USA, 35212

Website

http://www.pemcoair.com

Alabama Aircraft Industries Inc is an aerospace & defense company, which provides aircraft maintenance & modification services to the U.S. Government, including complete airframe inspection, maintenance, repair & custom airframe design & modification.

Executives

Hugh Steven Wilson	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Michael E Tennenbaum	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Robert Eugene Joyal	director	352 WARDNER ROAD, WEST WINDSOR VT 05089
Tennenbaum Capital Partners Llc	10 percent owner	2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Mark Holdsworth	director	140 S. LAKE AVE., STE. 304, PASADENA CA 91101
Tennenbaum & Co Llc	10 percent owner	1999 AVENUE OF THE STARS, LOS ANGELES CA 90067-6100
Peter Thiel	other: See Footnote (1)	9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069

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