Mincor Resources NL (ASX:MCR) Total Inventories : A$0.65 Mil (As of Dec. 2022)

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What is Mincor Resources NL Total Inventories?

Mincor Resources NL's total inventories for the quarter that ended in Dec. 2022 was A$0.65 Mil. Mincor Resources NL's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Dec. 2022 was A$1.15 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mincor Resources NL's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was A$-0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mincor Resources NL's Days Inventory for the six months ended in Dec. 2022 was 6.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mincor Resources NL's Inventory Turnover for the quarter that ended in Dec. 2022 was 26.65.

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. Mincor Resources NL's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.03.

Mincor Resources NL Total Inventories Historical Data

The historical data trend for Mincor Resources NL'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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Mincor Resources NL Total Inventories Chart

Mincor Resources NL Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Total Inventories

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1.70

4.48

0.01

0.18

1.64

Mincor Resources NL Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Total Inventories	Get a 7-Day Free Trial															0.07	0.18	0.46	1.64	0.65

Mincor Resources NL 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.

Mincor Resources NL (ASX:MCR) 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.

Mincor Resources NL's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is

	Net-Net Working Capital Per Share (Q: Dec. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(85.469	+	0.75 * 19.034	+	0.5 * 0.646	-	175.423
-	0	-	0)	/	528.227
=	-0.14

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

Mincor Resources NL's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	1.145	/	30.513	*	365 / 2
	=	6.85

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

Mincor Resources NL's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2022 )	/	Average Total Inventories (Q: Dec. 2022 )
	=	30.513	/	1.145
	=	26.65

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.

Mincor Resources NL's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	1.145	/	42.901
	=	0.03

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.

Mincor Resources NL Total Inventories Related Terms

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Mincor Resources NL (ASX:MCR) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mincor Resources NL (ASX:MCR) » Definitions » Total Inventories

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Address

8 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mincor.com.au

Mincor Resources NL is an Australian mining company. The company has two segments namely Kambalda Nickel Operations and Exploration. It operates within the geographical area of Australia.