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First Andes Silver (TSXV:FAS) Total Inventories : C$0.00 Mil (As of Nov. 2023)


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What is First Andes Silver Total Inventories?

First Andes Silver's total inventories for the quarter that ended in Nov. 2023 was C$0.00 Mil. First Andes Silver's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Nov. 2023 was C$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. First Andes Silver's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was C$-0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Andes Silver's Days Inventory for the three months ended in Nov. 2023 was 0.00.

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.

First Andes Silver Total Inventories Historical Data

The historical data trend for First Andes Silver'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.

First Andes Silver Total Inventories Chart

First Andes Silver Annual Data
Trend Feb22 Feb23
Total Inventories
- -

First Andes Silver Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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First Andes Silver 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.

First Andes Silver  (TSXV:FAS) 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.

First Andes Silver's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

Net-Net Working Capital Per Share (Q: Nov. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.025+0.75 * 0.015+0.5 * 0-0.863
-0-0)/7.17937
=-0.12

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

First Andes Silver's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Nov. 2023 )/Cost of Goods Sold (Q: Nov. 2023 )*Days in Period
=0/0.001*365 / 4
=0.00

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

First Andes Silver's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Nov. 2023 ) / Average Total Inventories (Q: Nov. 2023 )
=0.001 / 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.

First Andes Silver's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

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

* 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.

First Andes Silver Total Inventories Related Terms

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First Andes Silver (TSXV:FAS) Business Description

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MSLVD:USA 9TZ:Germany
Address
1100 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5
Website
https://www.mantaropreciousmetals.com
Mantaro Precious Metals Corp holds a diversified portfolio of gold and silver-focused mineral properties in Bolivia and Peru. The company holds an option to acquire up to an 80% interest in the advanced Golden Hill Property (Golden Hill), located in the underexplored, orogenic Bolivia Shield, Bolivia. It also holds 100% interest in high-grade Santas Gloria Silver Property as well as a 100% interest in the San Jose, La Purisima, Cerro Luque and Huaranay Properties (Silver Properties) located in Peru.