Meridian AD (XBLB:MRDN-R-A) Total Inventories : BAM0.01 Mil (As of Dec. 2013)

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What is Meridian AD Total Inventories?

Meridian AD's total inventories for the quarter that ended in Dec. 2013 was BAM0.01 Mil. Meridian AD's average total inventories from the quarter that ended in Jun. 2013 to the quarter that ended in Dec. 2013 was BAM0.01 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Meridian AD's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was BAM0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meridian AD's Days Inventory for the six months ended in Dec. 2013 was 1.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meridian AD's Inventory Turnover for the quarter that ended in Dec. 2013 was 117.91.

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. Meridian AD's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.00.

Meridian AD Total Inventories Historical Data

The historical data trend for Meridian AD'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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Meridian AD Total Inventories Chart

Meridian AD Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Total Inventories

0.01

Meridian AD Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Dec14
Total Inventories	Get a 7-Day Free Trial			-	0.01	0.01	0.01	0.01

Meridian AD 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.

Meridian AD (XBLB:MRDN-R-A) 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.

Meridian AD's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 is

	Net-Net Working Capital Per Share (Q: Dec. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.059	+	0.75 * 7.946	+	0.5 * 0.009	-	5.254
-	0	-	0)	/	3.434
=	0.22

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

Meridian AD's Days Inventory for the six months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	0.011	/	1.297	*	365 / 2
	=	1.55

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

Meridian AD's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2013 )	/	Average Total Inventories (Q: Dec. 2013 )
	=	1.297	/	0.011
	=	117.91

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.

Meridian AD's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	0.011	/	3.981
	=	0.00

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.

Meridian AD Total Inventories Related Terms

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Meridian AD (XBLB:MRDN-R-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meridian AD (XBLB:MRDN-R-A) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

Veselina Maslese 21/II, Banja Luka, BIH, 78000

Website

http://www.meridianbl.com

Meridian AD operates in integrated shipping and logistics industry in Bosnia and Herzegovina. The services offered by the company include organization of transport, collective transport, customs brokerage, storage of goods, and consulting.

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