Enova Mining (ASX:ENV) Total Inventories : A$0.00 Mil (As of Jun. 2023)

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What is Enova Mining Total Inventories?

Enova Mining's total inventories for the quarter that ended in Jun. 2023 was A$0.00 Mil. Enova Mining's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was A$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Enova Mining's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was A$0.00.

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

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

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. Enova Mining's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.

Enova Mining Total Inventories Historical Data

The historical data trend for Enova Mining'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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Enova Mining Total Inventories Chart

Enova Mining Annual Data

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Total Inventories

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Enova Mining Semi-Annual Data
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Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Enova Mining 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.

Enova Mining (ASX:ENV) 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.

Enova Mining's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.042	+	0.75 * 0.009	+	0.5 * 0	-	0.02
-	0	-	0)	/	390.929
=	0.00

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

Enova Mining's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

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

Enova Mining's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	0	/	0
	=	N/A

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.

Enova Mining's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0	/	0.002
	=	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.

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Enova Mining (ASX:ENV) Business Description

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Address

Level 26, 360 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.enovamining.com

Enova Mining Ltd is an Australian company engaged in the exploration for rare earth elements (REE) in the Northern Territory. The company is focused on the Charley Creek project which is located in the Northern Territory, around 110 km north-west of Alice Springs, off the Tanami road. The company is organized into one operating segment, being mining and exploration operations.