Eurasia Drilling Co (LSE:EDCL) Total Inventories : $160 Mil (As of Jun. 2015)

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What is Eurasia Drilling Co Total Inventories?

Eurasia Drilling Co's total inventories for the quarter that ended in Jun. 2015 was $160 Mil. Eurasia Drilling Co's average total inventories from the quarter that ended in Dec. 2014 to the quarter that ended in Jun. 2015 was $150 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Eurasia Drilling Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was $-6.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eurasia Drilling Co's Days Inventory for the six months ended in Jun. 2015 was 37.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eurasia Drilling Co's Inventory Turnover for the quarter that ended in Jun. 2015 was 4.84.

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. Eurasia Drilling Co's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 0.16.

Eurasia Drilling Co Total Inventories Historical Data

The historical data trend for Eurasia Drilling Co'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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Eurasia Drilling Co Total Inventories Chart

Eurasia Drilling Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Total Inventories

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127.92

190.73

213.06

212.86

140.03

Eurasia Drilling Co Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Total Inventories	Get a 7-Day Free Trial								210.98	212.86	223.41	140.03	159.81

Eurasia Drilling Co 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.

Eurasia Drilling Co (LSE:EDCL) 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.

Eurasia Drilling Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2015 is

	Net-Net Working Capital Per Share (Q: Jun. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(370.241	+	0.75 * 267.73	+	0.5 * 159.808	-	1542.539
-	0	-	0)	/	144.813
=	-6.16

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

Eurasia Drilling Co's Days Inventory for the six months ended in Jun. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2015 )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
	=	149.9165	/	726.322	*	365 / 2
	=	37.67

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

Eurasia Drilling Co's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2015 )	/	Average Total Inventories (Q: Jun. 2015 )
	=	726.322	/	149.9165
	=	4.84

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.

Eurasia Drilling Co's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	149.9165	/	922.703
	=	0.16

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.

Eurasia Drilling Co Total Inventories Related Terms

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Eurasia Drilling Co (LSE:EDCL) Business Description

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http://www.eurasiadrilling.com

Eurasia Drilling Co Ltd was incorporated on November 25, 2002 under the Law of the Cayman Islands. The Company is engaged in providing exploratory and developmental drilling and oil and gas field services to companies operating within the Russian Federation, Kazakhstan, Iraq and the Caspian Sea region. The Company operates in two operating and geographical segments: onshore drilling conducted in the CIS and off-shore drilling conducted in the Caspian Sea.

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