Cia Energetica DE Minas Gerais - Cemig (BSP:CMIG3) Total Inventories : R$0 Mil (As of Sep. 2023)

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What is Cia Energetica DE Minas Gerais - Cemig Total Inventories?

Cia Energetica DE Minas Gerais - Cemig's total inventories for the quarter that ended in Sep. 2023 was R$0 Mil. Cia Energetica DE Minas Gerais - Cemig's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was R$0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cia Energetica DE Minas Gerais - Cemig's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was R$-10.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cia Energetica DE Minas Gerais - Cemig's Days Inventory for the three months ended in Sep. 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. Cia Energetica DE Minas Gerais - Cemig's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Cia Energetica DE Minas Gerais - Cemig Total Inventories Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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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Cia Energetica DE Minas Gerais - Cemig Total Inventories Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

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Total Inventories

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Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Cia Energetica DE Minas Gerais - Cemig 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.

Cia Energetica DE Minas Gerais - Cemig (BSP:CMIG3) 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.

Cia Energetica DE Minas Gerais - Cemig'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)
=	(5003	+	0.75 * 4993	+	0.5 * 0	-	31731
-	0	-	6)	/	2200.52
=	-10.45

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

Cia Energetica DE Minas Gerais - Cemig's Days Inventory for the three 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
	=	0	/	6763.808	*	365 / 4
	=	0.00

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

Cia Energetica DE Minas Gerais - Cemig'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 )
	=	6763.808	/	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.

Cia Energetica DE Minas Gerais - Cemig'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 )
	=	0	/	9426.629
	=	0.00

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.

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Cia Energetica DE Minas Gerais - Cemig (BSP:CMIG3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (BSP:CMIG3) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIG:USA CIGN:Mexico XCMIG:Spain CIDA:Germany CMIG4:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.

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