Asia Resource Minerals (LSE:ARMS) Total Inventories : £16.0 Mil (As of Dec. 2014)

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What is Asia Resource Minerals Total Inventories?

Asia Resource Minerals's total inventories for the quarter that ended in Dec. 2014 was £16.0 Mil. Asia Resource Minerals's average total inventories from the quarter that ended in Jun. 2014 to the quarter that ended in Dec. 2014 was £19.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Asia Resource Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2014 was £-7.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia Resource Minerals's Days Inventory for the six months ended in Dec. 2014 was 9.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asia Resource Minerals's Inventory Turnover for the quarter that ended in Dec. 2014 was 18.46.

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. Asia Resource Minerals's Inventory-to-Revenue for the quarter that ended in Dec. 2014 was 0.05.

Asia Resource Minerals Total Inventories Historical Data

The historical data trend for Asia Resource Minerals'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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Asia Resource Minerals Total Inventories Chart

Asia Resource Minerals Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Total Inventories

19.26

24.14

23.79

15.98

Asia Resource Minerals Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
Total Inventories	Get a 7-Day Free Trial			24.14	21.93	23.79	22.46	15.98

Asia Resource Minerals 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.

Asia Resource Minerals (LSE:ARMS) 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.

Asia Resource Minerals's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2014 is

	Net-Net Working Capital Per Share (Q: Dec. 2014 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(238.347	+	0.75 * 67.095	+	0.5 * 15.975	-	1869.075
-	0	-	240.903)	/	240.957
=	-7.53

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

Asia Resource Minerals's Days Inventory for the six months ended in Dec. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2014 )	/	Cost of Goods Sold (Q: Dec. 2014 )	*	Days in Period
	=	19.2165	/	354.645	*	365 / 2
	=	9.89

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

Asia Resource Minerals's Inventory Turnover for the quarter that ended in Dec. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2014 )	/	Average Total Inventories (Q: Dec. 2014 )
	=	354.645	/	19.2165
	=	18.46

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.

Asia Resource Minerals's Inventory to Revenue for the quarter that ended in Dec. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2014 )	/	Revenue (Q: Dec. 2014 )
	=	19.2165	/	422.379
	=	0.05

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.

Asia Resource Minerals Total Inventories Related Terms

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Asia Resource Minerals (LSE:ARMS) Business Description

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Website

http://www.asiarmplc.com

Asia Resource Minerals PLC was incorporated on December 03, 2010. The Company, together with its subsidiaries is engaged in coal mining operations and exploration and development of mineral mining concessions. The Company's coal operations are located near Tanjung Redeb, East Kalimantan, in Indonesia. Its subsidiary, PT Berau, has three open cut mining operations, namely Lati, Binungan and Sambarata, located in an 118,400 hectare concession area in East Kalimantan. Production of thermal coal is blended to adjust the overall quality grade of the product, with current calorific values ranging from 5,000 kcal/kg to 6,100 kcal/kg (on a gross as received' basis) for use in coal fired power plants.

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