Nevsun Resources (Nevsun Resources) Total Inventories : $97.0 Mil (As of Sep. 2018)

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What is Nevsun Resources Total Inventories?

Nevsun Resources's total inventories for the quarter that ended in Sep. 2018 was $97.0 Mil. Nevsun Resources's average total inventories from the quarter that ended in Jun. 2018 to the quarter that ended in Sep. 2018 was $93.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nevsun Resources's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nevsun Resources's Days Inventory for the three months ended in Sep. 2018 was 114.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nevsun Resources's Inventory Turnover for the quarter that ended in Sep. 2018 was 0.80.

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. Nevsun Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 1.30.

Nevsun Resources Total Inventories Historical Data

The historical data trend for Nevsun Resources'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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Nevsun Resources Total Inventories Chart

Nevsun Resources Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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61.02

86.85

77.50

75.46

72.26

Nevsun Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Inventories	Get a 7-Day Free Trial															76.89	72.26	83.08	88.96	97.02

Nevsun Resources 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.

Nevsun Resources (AMEX:NSU) 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.

Nevsun Resources's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 is

	Net-Net Working Capital Per Share (Q: Sep. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(88.681	+	0.75 * 21.368	+	0.5 * 97.017	-	153.573
-	0	-	139.742)	/	302.593
=	-0.46

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

Nevsun Resources's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2018 )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
	=	92.99	/	74.258	*	365 / 4
	=	114.27

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

Nevsun Resources's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2018 )	/	Average Total Inventories (Q: Sep. 2018 )
	=	74.258	/	92.99
	=	0.80

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.

Nevsun Resources's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	92.99	/	71.608
	=	1.30

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.

Nevsun Resources Total Inventories Related Terms

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Nevsun Resources (Nevsun Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevsun Resources Ltd (AMEX:NSU) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

1066 West Hastings Street, Suite 1750, Vancouver, BC, CAN, V6E 3X1

Website

http://www.nevsun.com

Nevsun Resources Ltd is involved in acquisition, exploration, development and operation of mineral property interests. The company primarily engages in copper and zinc production at Bisha, a large, high-grade volcanogenic massive sulphide deposit located 150km west of Asmara, Eritrea, East Africa. The company generates revenue through the sale of copper and zinc concentrates which contain gold and silver by-products. Bisha is mined using conventional drill and blast open pit mining techniques to remove waste and deliver ore to the run of mine stock pile. Nevsun Resources also operates a high-grade copper and gold Timok project, a high-grade deposit located in the Bor mining district, in Serbia.