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Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Total Inventories : R$112 Mil (As of Dec. 2023)


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What is Compania deneamento de Minas Gerais - COPASA MG Total Inventories?

Compania deneamento de Minas Gerais - COPASA MG's total inventories for the quarter that ended in Dec. 2023 was R$112 Mil. Compania deneamento de Minas Gerais - COPASA MG's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was R$115 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Compania deneamento de Minas Gerais - COPASA MG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R$-12.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Compania deneamento de Minas Gerais - COPASA MG's Days Inventory for the three months ended in Dec. 2023 was 9.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Compania deneamento de Minas Gerais - COPASA MG's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.96.

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. Compania deneamento de Minas Gerais - COPASA MG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.


Compania deneamento de Minas Gerais - COPASA MG Total Inventories Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG Total Inventories Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.12 64.92 87.35 116.40 111.82

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 116.40 127.68 125.02 117.68 111.82

Compania deneamento de Minas Gerais - COPASA MG 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.


Compania deneamento de Minas Gerais - COPASA MG  (BSP:CSMG3) 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.

Compania deneamento de Minas Gerais - COPASA MG'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)
=(1031.549+0.75 * 1281.019+0.5 * 111.821-6616.038
-0-0)/379.181
=-12.05

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

Compania deneamento de Minas Gerais - COPASA MG's Days Inventory for the three 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
=114.751/1142.613*365 / 4
=9.16

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

Compania deneamento de Minas Gerais - COPASA MG'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 )
=1142.613 / 114.751
=9.96

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.

Compania deneamento de Minas Gerais - COPASA MG'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 )
=114.751 / 1995.369
=0.06

* 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.


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Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900
COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Headlines

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