Gold Fields (Gold Fields) Total Inventories

: $828 Mil (As of Dec. 2023)

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Gold Fields's total inventories for the quarter that ended in Dec. 2023 was $828 Mil. Gold Fields's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $414 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Gold Fields's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gold Fields's Days Inventory for the six months ended in Dec. 2023 was 52.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gold Fields's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.48.

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. Gold Fields's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Gold Fields Total Inventories Historical Data

The historical data trend for Gold Fields'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.

Gold Fields Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

417.80

521.60

627.60

759.00

827.90

Gold Fields Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories																627.60	-	759.00	-	827.90

Gold Fields 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.

Gold Fields (NYSE:GFI) 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.

Gold Fields's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(648.7	+	0.75 * 68.7	+	0.5 * 827.9	-	3606.5
-	0	-	143.7)	/	893.541
=	-2.95

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

Gold Fields's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	413.95	/	1440.5	*	365 / 2
	=	52.44

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

Gold Fields's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1440.5	/	413.95
	=	3.48

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.

Gold Fields's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	413.95	/	2234.4
	=	0.19

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.

Gold Fields Total Inventories Related Terms

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Gold Fields (Gold Fields) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GFI:South Africa GFIOF:USA EDGA:Germany EDG:Germany EDG:Germany EDGA:Germany EDG:Germany G1FI34:Brazil GFI:Argentina

Address

150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.goldfields.com

Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.