Shutterfly (Shutterfly) Total Inventories : $21 Mil (As of Jun. 2019)

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What is Shutterfly Total Inventories?

Shutterfly's total inventories for the quarter that ended in Jun. 2019 was $21 Mil. Shutterfly's average total inventories from the quarter that ended in Mar. 2019 to the quarter that ended in Jun. 2019 was $21 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shutterfly's Net-Net Working Capital per share for the quarter that ended in Jun. 2019 was $-32.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shutterfly's Days Inventory for the three months ended in Jun. 2019 was 7.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shutterfly's Inventory Turnover for the quarter that ended in Jun. 2019 was 11.49.

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. Shutterfly's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.04.

Shutterfly Total Inventories Historical Data

The historical data trend for Shutterfly'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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Shutterfly Total Inventories Chart

Shutterfly Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Total Inventories

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13.02

13.47

11.75

11.02

18.02

Shutterfly Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Total Inventories	Get a 7-Day Free Trial															15.27	18.08	18.02	20.93	20.92

Shutterfly 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.

Shutterfly (NAS:SFLY) 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.

Shutterfly's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2019 is

	Net-Net Working Capital Per Share (Q: Jun. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(124.351	+	0.75 * 60.433	+	0.5 * 20.916	-	1294.587
-	0	-	0)	/	34.382
=	-32.41

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

Shutterfly's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	20.924	/	240.513	*	365 / 4
	=	7.94

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

Shutterfly's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2019 )	/	Average Total Inventories (Q: Jun. 2019 )
	=	240.513	/	20.924
	=	11.49

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.

Shutterfly's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	20.924	/	473.416
	=	0.04

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.

Shutterfly Total Inventories Related Terms

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Shutterfly (Shutterfly) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Shutterfly Inc (NAS:SFLY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

2800 Bridge Parkway, Redwood City, CA, USA, 94065

Website

http://www.shutterflyinc.com

Shutterfly Inc. is a personal services company that primarily manufactures and retails photo-based products and services for customers in the United States through its portfolio of brands. The company segments its activities into Consumer, Enterprise, and Corporate units. Shutterfly derives the vast majority of its revenue from its Consumer division, which produces and sells professionally bound photo books, greeting and stationary cards, personalized calendars, and prints. These products are all manufactured in the company's facilities located in the United States. Shutterfly also retails photo-based merchandise such as mugs, candles, pillows, and blankets that are manufactured by third-party firms. Substantially all of the company's sales are from the United States.

Executives

Betsy Rafael	director	550 MERIDIAN AVENUE, SAN JOSE CA 95126
Ann Mather	director
Henry Tayloe Stansbury	director	807 11TH AVENUE, SUNNYVALE CA 94089
Michael W Pope	officer: SVP & Chief Financial Officer	601 BRANNAN STREET, SAN FRANCISCO CA 94107
Ryan Ohara	director, officer: President and CEO	6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028
William J Lansing	director	NET PERCEPTIONS, INC, 7700 FRANCE AVENUE SOUTH, EDINA MN 55435
Scott Arnold	officer: President, Shutterfly Ent.	6740 SHADY OAK RD, EDEN PRAIRIE MN 55344
Elizabeth P Sartain	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Maureen M. Mericle	officer: SVP, Chief Marketing Officer	C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
James A Hilt	officer: President, Shutterfly Consumer	1 EXPRESS DRIVE, COLUMBUS OH 43230
Michael P Zeisser	director
Eva Manolis	director	C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
Lisa Blackwood-kapral	officer: Chief Accounting Officer	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Jeffrey T Housenbold	director, officer: PRESIDENT & CEO	303 2ND STREET, SOUTH TOWER, 8TH FLOOR, SAN FRANCISCO CA 94107
Brian M Regan	officer: SVP, Chief Financial Officer	C/O TICKETMASTER 8800 WEST SUNSET BLVD. WEST HOLLYWOOD CA 90069