GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pilbara Minerals Ltd (ASX:PLS) » Definitions » Total Inventories

Pilbara Minerals (ASX:PLS) Total Inventories : A$122 Mil (As of Dec. 2023)


View and export this data going back to 2007. Start your Free Trial

What is Pilbara Minerals Total Inventories?

Pilbara Minerals's total inventories for the quarter that ended in Dec. 2023 was A$122 Mil. Pilbara Minerals's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$110 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pilbara Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pilbara Minerals's Days Inventory for the six months ended in Dec. 2023 was 72.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pilbara Minerals's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.51.

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. Pilbara Minerals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.


Pilbara Minerals Total Inventories Historical Data

The historical data trend for Pilbara 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.

Pilbara Minerals Total Inventories Chart

Pilbara 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 51.20 23.27 38.62 69.31 97.25

Pilbara 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 48.55 69.31 94.28 97.25 122.18

Pilbara 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.


Pilbara Minerals  (ASX:PLS) 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.

Pilbara 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)
=(2149.19+0.75 * 105.688+0.5 * 122.18-1192.034
-0-0)/3009.47
=0.36

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

Pilbara 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
=109.7155/275.609*365 / 2
=72.65

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

Pilbara 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 )
=275.609 / 109.7155
=2.51

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.

Pilbara 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 )
=109.7155 / 757.231
=0.14

* 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.


Pilbara Minerals Total Inventories Related Terms

Thank you for viewing the detailed overview of Pilbara Minerals's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Pilbara Minerals (ASX:PLS) Business Description

Traded in Other Exchanges
Address
146 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005
Pilbara Minerals Ltd is an industrial metals and materials company. The business is engaged in the exploration, development, and mining of resources. Pilbara Minerals has one business segment, Mining, that is engaged in mineral exploration, evaluation, and development of various mineral resources. The company generates the vast majority of its revenue in Australia. The company's primary property is the Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia.

Pilbara Minerals (ASX:PLS) Headlines

No Headlines