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Tartana Minerals (ASX:TAT) Total Inventories : A$0.25 Mil (As of Dec. 2023)


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What is Tartana Minerals Total Inventories?

Tartana Minerals's total inventories for the quarter that ended in Dec. 2023 was A$0.25 Mil. Tartana Minerals's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$0.21 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tartana Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tartana Minerals's Days Inventory for the six months ended in Dec. 2023 was 42.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tartana Minerals's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.30.

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. Tartana Minerals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.


Tartana Minerals Total Inventories Historical Data

The historical data trend for Tartana Minerals'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.

Tartana Minerals Total Inventories Chart

Tartana Minerals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.18 0.18

Tartana Minerals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.18 0.18 0.18 0.25

Tartana Minerals 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.


Tartana Minerals  (ASX:TAT) 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.

Tartana Minerals'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)
=(0+0.75 * 0.326+0.5 * 0.247-6.912
-0-0)/152.318
=-0.04

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

Tartana Minerals'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
=0.2115/0.909*365 / 2
=42.46

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

Tartana Minerals'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 )
=0.909 / 0.2115
=4.30

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.

Tartana Minerals'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 )
=0.2115 / 1.351
=0.16

* 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.


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.


Tartana Minerals Total Inventories Related Terms

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Tartana Minerals (ASX:TAT) Business Description

Traded in Other Exchanges
N/A
Address
169 Blues Point Road, Level 2, North Sydney, NSW, AUS, 2060
R3D Resources Ltd is engaged in the exploration, development, and production of copper and gold in Queensland and Tasmania. Some of its projects include Tartana Copper and Zinc Project in Northern Queensland; Zeehan Zinc Slag Project in Western Tasmania; Mt Hess Copper-Gold Project - Queensland and others.