GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (LIM:CVERDEC1) » Definitions » Total Inventories

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Total Inventories : $644 Mil (As of Dec. 2023)


View and export this data going back to 2000. Start your Free Trial

What is Sociedad Minera Cerro VerdeA Total Inventories?

Sociedad Minera Cerro VerdeA's total inventories for the quarter that ended in Dec. 2023 was $644 Mil. Sociedad Minera Cerro VerdeA's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was $647 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sociedad Minera Cerro VerdeA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sociedad Minera Cerro VerdeA's Days Inventory for the six months ended in Dec. 2023 was 46.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sociedad Minera Cerro VerdeA's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.95.

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. Sociedad Minera Cerro VerdeA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.


Sociedad Minera Cerro VerdeA Total Inventories Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA'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.

Sociedad Minera Cerro VerdeA Total Inventories Chart

Sociedad Minera Cerro VerdeA Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 552.20 566.79 567.21 650.21 643.51

Sociedad Minera Cerro VerdeA Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only 552.20 566.79 567.21 650.21 643.51

Sociedad Minera Cerro VerdeA 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.


Sociedad Minera Cerro VerdeA  (LIM:CVERDEC1) 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.

Sociedad Minera Cerro VerdeA'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)
=(509.616+0.75 * 0.03+0.5 * 643.507-1250.536
-0-0)/350.056
=-1.20

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

Sociedad Minera Cerro VerdeA'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
=646.859/2556.052*365 / 2
=46.19

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

Sociedad Minera Cerro VerdeA'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 )
=2556.052 / 646.859
=3.95

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.

Sociedad Minera Cerro VerdeA'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 )
=646.859 / 4143.228
=0.16

* 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.


Sociedad Minera Cerro VerdeA Total Inventories Related Terms

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


Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Business Description

Traded in Other Exchanges
N/A
Address
Avenue Alfonso Ugarte 304, Arequipa, PER
Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Headlines

No Headlines