Kirkland Lake Gold (Kirkland Lake Gold) Total Inventories : $188 Mil (As of Sep. 2021)

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What is Kirkland Lake Gold Total Inventories?

Kirkland Lake Gold's total inventories for the quarter that ended in Sep. 2021 was $188 Mil. Kirkland Lake Gold's average total inventories from the quarter that ended in Jun. 2021 to the quarter that ended in Sep. 2021 was $176 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kirkland Lake Gold's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $-3.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kirkland Lake Gold's Days Inventory for the three months ended in Sep. 2021 was 54.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kirkland Lake Gold's Inventory Turnover for the quarter that ended in Sep. 2021 was 1.68.

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. Kirkland Lake Gold's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.26.

Kirkland Lake Gold Total Inventories Historical Data

The historical data trend for Kirkland Lake Gold'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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Kirkland Lake Gold Total Inventories Chart

Kirkland Lake Gold Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

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40.93

41.43

40.09

47.69

149.20

Kirkland Lake Gold Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Total Inventories	Get a 7-Day Free Trial															151.29	149.20	160.05	164.92	187.88

Kirkland Lake Gold 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.

Kirkland Lake Gold (NYSE:KL) 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.

Kirkland Lake Gold's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2021 is

	Net-Net Working Capital Per Share (Q: Sep. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(822.424	+	0.75 * 0.138	+	0.5 * 187.883	-	1917.721
-	0	-	0)	/	263.697
=	-3.80

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

Kirkland Lake Gold's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2021 )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
	=	176.3995	/	296.033	*	365 / 4
	=	54.37

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

Kirkland Lake Gold's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2021 )	/	Average Total Inventories (Q: Sep. 2021 )
	=	296.033	/	176.3995
	=	1.68

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.

Kirkland Lake Gold's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	176.3995	/	666.978
	=	0.26

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.

Kirkland Lake Gold Total Inventories Related Terms

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Kirkland Lake Gold (Kirkland Lake Gold) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kirkland Lake Gold Ltd (NYSE:KL) » Definitions » Total Inventories

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Address

200 Bay Street, Suite 2800, Toronto, ON, CAN, M5J 2J1

Website

https://www.klgold.com

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.