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Gold Fields Total Inventories

: $628 Mil (As of Dec. 2021)
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Gold Fields's total inventories for the quarter that ended in Dec. 2021 was $628 Mil. Gold Fields's average total inventories from the quarter that ended in Jun. 2021 to the quarter that ended in Dec. 2021 was $314 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Gold Fields's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was $-2.79.

Inventory can be measured by days sales of inventory (DSI). Gold Fields's days sales of inventory (DSI) for the six months ended in Dec. 2021 was 25.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gold Fields's Days Inventory for the six months ended in Dec. 2021 was 44.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gold Fields's Inventory Turnover for the quarter that ended in Dec. 2021 was 4.10.

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. Gold Fields's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.14.


Gold Fields Total Inventories Historical Data

The historical data trend for Gold Fields'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.

Gold Fields Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Total Inventories
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 393.50 368.20 417.80 521.60 627.60

Gold Fields Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
Total Inventories 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 Premium Member Only Premium Member Only Premium Member Only 417.80 - 521.60 - 627.60

Gold Fields 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.


Gold Fields  (NYSE:GFI) 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.

Gold Fields's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 is

Net-Net Working Capital Per Share (Q: Dec. 2021 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(524.7+0.75 * 76.6+0.5 * 627.6-3218.7
-0-152.3)/887.717
=-2.79

2. Inventory can be measured by Days Sales of Inventory (DSI).

Gold Fields's Days Sales of Inventory for the six months ended in Dec. 2021 is

Days Sales of Inventory (DSI)
=Total Inventories (Q: Dec. 2021 )/Revenue (Q: Dec. 2021 )*Days in Period
=313.8/2211.6*365 / 2
=25.89

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

Gold Fields's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory=Total Inventories (Q: Dec. 2021 )/Cost of Goods Sold (Q: Dec. 2021 )*Days in Period
=313.8/1286.7*365 / 2
=44.51

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

Gold Fields's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2021 ) / Total Inventories (Q: Dec. 2021 )
=1286.7 / 313.8
=4.10

5. 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.

Gold Fields's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Dec. 2021 ) / Revenue (Q: Dec. 2021 )
=313.8 / 2211.6
=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.


Gold Fields Total Inventories Related Terms

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Gold Fields Business Description

Gold Fields logo
Industry
Basic Materials » Metals & Mining NAICS : 212221 SIC : 0
Address
150 Helen Road, Sandown, Sandton, ZAF, 2196
Gold Fields Ltd is a globally diversified gold miner and producer with eight operating mines in Australia, Ghana, Peru, and South Africa. The majority of group revenue is generated in the Australian mines, largely the St Ives and Granny Smith sites, with Ghana the second- largest contributor of revenue. The company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing, and smelting. In Peru, the company also produces copper, and it has other precious metal exploration interests in Africa, Eurasia, Australasia, and the Americas.

Gold Fields Headlines

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