Mount Gibson Iron (ASX:MGX) Total Inventories : A$40.5 Mil (As of Dec. 2023)

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What is Mount Gibson Iron Total Inventories?

Mount Gibson Iron's total inventories for the quarter that ended in Dec. 2023 was A$40.5 Mil. Mount Gibson Iron's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$73.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mount Gibson Iron's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mount Gibson Iron's Days Inventory for the six months ended in Dec. 2023 was 57.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mount Gibson Iron's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.19.

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. Mount Gibson Iron's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

Mount Gibson Iron Total Inventories Historical Data

The historical data trend for Mount Gibson Iron'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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Mount Gibson Iron Total Inventories Chart

Mount Gibson Iron Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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24.29

39.80

26.53

31.46

105.42

Mount Gibson Iron 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															27.18	31.46	92.85	105.42	40.55

Mount Gibson Iron 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.

Mount Gibson Iron (ASX:MGX) 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.

Mount Gibson Iron'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)
=	(377.084	+	0.75 * 67.441	+	0.5 * 40.548	-	137.497
-	0	-	0)	/	1214.88
=	0.26

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

Mount Gibson Iron'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
	=	72.9825	/	233.013	*	365 / 2
	=	57.16

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

Mount Gibson Iron'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 )
	=	233.013	/	72.9825
	=	3.19

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.

Mount Gibson Iron'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 )
	=	72.9825	/	404.137
	=	0.18

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.

Mount Gibson Iron Total Inventories Related Terms

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Mount Gibson Iron (ASX:MGX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mount Gibson Iron Ltd (ASX:MGX) » Definitions » Total Inventories

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MTGRY:USA MTGRF:USA

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mtgibsoniron.com.au

Mount Gibson Iron Ltd is a Western Australia-based iron ore mining company. The activities of the company involve mining, processing and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; care and maintenance of the Shine hematite iron ore site and related infrastructure, rehabilitation works at the Extension Hill mine site and management of the Geraldton Port facilities in the Mid-West region of Western Australia; treasury management; and the pursuit of mineral resources acquisitions and investments. The company operates into two segments: Mid-West segment and Koolan Island segment. The company derives the majority of its revenue from Koolan Island.