Strandline Resources (ASX:STA) Total Inventories : A$13.75 Mil (As of Dec. 2023)

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What is Strandline Resources Total Inventories?

Strandline Resources's total inventories for the quarter that ended in Dec. 2023 was A$13.75 Mil. Strandline Resources's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$13.09 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Strandline Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strandline Resources's Days Inventory for the six months ended in Dec. 2023 was 36.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Strandline Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.05.

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. Strandline Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.

Strandline Resources Total Inventories Historical Data

The historical data trend for Strandline 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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Strandline Resources Total Inventories Chart

Strandline Resources Annual Data

Trend

Jun14

Jun15

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Jun23

Total Inventories

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12.42

Strandline Resources 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	Get a 7-Day Free Trial															-	-	4.47	12.42	13.75

Strandline 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.

Strandline Resources (ASX:STA) 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.

Strandline Resources'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)
=	(12.686	+	0.75 * 2.88	+	0.5 * 13.752	-	280.637
-	0	-	-0.248)	/	1462.56
=	-0.18

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

Strandline Resources'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
	=	13.0855	/	66.104	*	365 / 2
	=	36.13

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

Strandline Resources'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 )
	=	66.104	/	13.0855
	=	5.05

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.

Strandline Resources'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 )
	=	13.0855	/	31.753
	=	0.41

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.

Strandline Resources Total Inventories Related Terms

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Strandline Resources (ASX:STA) Business Description

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Address

216 St Georges Terrace, Level 9, Perth, WA, AUS, 6000

Website

https://www.strandline.com.au

Strandline Resources Ltd is focused on mineral exploration and development in Tanzania and Australia. Its project includes the Portfolio of the Fungoni Mineral Sands Project, the Coburn Mineral Sands Project in Western Australia, the Tanga South (Tajiri) Mineral Sands Project in northern Tanzania, the Bagamoyo Project, and the Fowlers Bay Nickel Project in South Australia. The company generates maximum revenue from Australia.

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