Mongolia Energy (Mongolia Energy) Total Inventories : $42.1 Mil (As of Sep. 2023)

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What is Mongolia Energy Total Inventories?

Mongolia Energy's total inventories for the quarter that ended in Sep. 2023 was $42.1 Mil. Mongolia Energy's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was $40.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mongolia Energy's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-24.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mongolia Energy's Days Inventory for the six months ended in Sep. 2023 was 58.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mongolia Energy's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.10.

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. Mongolia Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.20.

Mongolia Energy Total Inventories Historical Data

The historical data trend for Mongolia Energy'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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Mongolia Energy Total Inventories Chart

Mongolia Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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16.72

31.08

26.83

34.36

38.65

Mongolia Energy Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															30.28	34.36	36.41	38.65	42.10

Mongolia Energy 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.

Mongolia Energy (OTCPK:MOAEY) 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.

Mongolia Energy's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(15.605	+	0.75 * 38.844	+	0.5 * 42.103	-	990.389
-	0	-	0)	/	37.6252
=	-24.57

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

Mongolia Energy's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	40.3785	/	124.996	*	365 / 2
	=	58.95

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

Mongolia Energy's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	124.996	/	40.3785
	=	3.10

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.

Mongolia Energy's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	40.3785	/	198.922
	=	0.20

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.

Mongolia Energy Total Inventories Related Terms

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Mongolia Energy (Mongolia Energy) Business Description

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MOAEF:USA 00276:Hong Kong NWW:Germany

Address

118 Connaught Road West, 17th Floor, Hong Kong, HKG

Website

http://www.mongolia-energy.com

Mongolia Energy Corp Ltd is an investment holding company. The company's principal business is coal mining and exploration which is operated by its indirect wholly-owned subsidiary in Mongolia. Its principal project is the Khushuut Coking Coal Project in Western Mongolia, it also has interest in the Gobi Altay and Olon Bulag project. The Khushuut Coal Mine is located approximately 1,350 km west of Ulaanbaatar in the Khovd Province of Western Mongolia. It is about 311 km from the Xinjiang Takeshiken border, connecting the Khushuut Road. The group is principally engaged in mining, processing and sale of coal in the PRC and Mongolia. Mongolia Energy derives all of its revenue from Coal mining. Geographically company derives a majority of its revenue from PRC.

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