Smiths City Group (NZSE:SCY) Total Inventories : NZ$32.5 Mil (As of Oct. 2019)

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What is Smiths City Group Total Inventories?

Smiths City Group's total inventories for the quarter that ended in Oct. 2019 was NZ$32.5 Mil. Smiths City Group's average total inventories from the quarter that ended in Apr. 2019 to the quarter that ended in Oct. 2019 was NZ$33.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Smiths City Group's Net-Net Working Capital per share for the quarter that ended in Oct. 2019 was NZ$-1.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smiths City Group's Days Inventory for the six months ended in Oct. 2019 was 93.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Smiths City Group's Inventory Turnover for the quarter that ended in Oct. 2019 was 1.95.

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. Smiths City Group's Inventory-to-Revenue for the quarter that ended in Oct. 2019 was 0.37.

Smiths City Group Total Inventories Historical Data

The historical data trend for Smiths City Group'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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Smiths City Group Total Inventories Chart

Smiths City Group Annual Data

Trend

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Total Inventories

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42.30

40.40

36.30

30.20

34.80

Smiths City Group Semi-Annual Data
	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19
Total Inventories	Get a 7-Day Free Trial															38.34	30.20	34.80	34.80	32.50

Smiths City Group 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.

Smiths City Group (NZSE:SCY) 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.

Smiths City Group's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2019 is

	Net-Net Working Capital Per Share (Q: Oct. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(9.2	+	0.75 * 6	+	0.5 * 32.5	-	133
-	0	-	0)	/	52.6881
=	-1.96

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

Smiths City Group's Days Inventory for the six months ended in Oct. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2019 )	/	Cost of Goods Sold (Q: Oct. 2019 )	*	Days in Period
	=	33.65	/	65.5	*	365 / 2
	=	93.76

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

Smiths City Group's Inventory Turnover for the quarter that ended in Oct. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2019 )	/	Average Total Inventories (Q: Oct. 2019 )
	=	65.5	/	33.65
	=	1.95

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.

Smiths City Group's Inventory to Revenue for the quarter that ended in Oct. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2019 )	/	Revenue (Q: Oct. 2019 )
	=	33.65	/	90.7
	=	0.37

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.

Smiths City Group Total Inventories Related Terms

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Smiths City Group (NZSE:SCY) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Smiths City Group Ltd (NZSE:SCY) » Definitions » Total Inventories

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Address

261 Opawa Road, PO Box 2343, Hillsborough, Christchurch, NZL, 8022

Website

https://www.smithscitygroup.co.nz

Smiths City Group Ltd is a holding company. The company has two principal activities: Retail Trading, which is engaged in the retailing of consumer electronic products, kitchen appliances, home heating solutions, home furnishings and sporting goods through the Smiths City brand, and Finance, which is engaged in the provision of finance by Smiths City Finance Limited to support the retailing operation. The Company operates through two segments: retail and the financing of retail sales.

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