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Hoganas AB (OSTO:HOGA B) Total Inventories : kr1,587 Mil (As of Jun. 2013)


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What is Hoganas AB Total Inventories?

Hoganas AB's total inventories for the quarter that ended in Jun. 2013 was kr1,587 Mil. Hoganas AB's average total inventories from the quarter that ended in Mar. 2013 to the quarter that ended in Jun. 2013 was kr1,557 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hoganas AB's Net-Net Working Capital per share for the quarter that ended in Jun. 2013 was kr-11.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hoganas AB's Days Inventory for the three months ended in Jun. 2013 was 120.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hoganas AB's Inventory Turnover for the quarter that ended in Jun. 2013 was 0.76.

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. Hoganas AB's Inventory-to-Revenue for the quarter that ended in Jun. 2013 was 0.94.


Hoganas AB Total Inventories Historical Data

The historical data trend for Hoganas AB'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.

* Premium members only.

Hoganas AB Total Inventories Chart

Hoganas AB Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,479.00 1,152.00 1,581.00 1,701.00 1,564.00

Hoganas AB Quarterly Data
Dec07 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,729.00 1,722.00 1,564.00 1,527.00 1,587.00

Hoganas AB 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.


Hoganas AB  (OSTO:HOGA B) 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.

Hoganas AB's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2013 is

Net-Net Working Capital Per Share (Q: Jun. 2013 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(151+0.75 * 1252+0.5 * 1587-2273
-0-0)/34.805
=-11.19

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

Hoganas AB's Days Inventory for the three months ended in Jun. 2013 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2013 )/Cost of Goods Sold (Q: Jun. 2013 )*Days in Period
=1557/1183*365 / 4
=120.10

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

Hoganas AB's Inventory Turnover for the quarter that ended in Jun. 2013 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2013 ) / Average Total Inventories (Q: Jun. 2013 )
=1183 / 1557
=0.76

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.

Hoganas AB's Inventory to Revenue for the quarter that ended in Jun. 2013 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2013 ) / Revenue (Q: Jun. 2013 )
=1557 / 1652
=0.94

* 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.


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.


Hoganas AB Total Inventories Related Terms

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Hoganas AB (OSTO:HOGA B) Business Description

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Höganäs AB develops, manufactures and markets metal powders and metal powder technology. Metal powders are used in iron fortification, printing, surface coating, welding, friction materials, chemical and metallurgical processes & soft magnetic composites.

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