Anglogold Ashanti (Anglogold Ashanti) Total Inventories

: $800 Mil (As of Jun. 2023)

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Anglogold Ashanti's total inventories for the quarter that ended in Jun. 2023 was $800 Mil. Anglogold Ashanti's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was $787 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Anglogold Ashanti's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-6.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anglogold Ashanti's Days Inventory for the six months ended in Jun. 2023 was 81.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Anglogold Ashanti's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.23.

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. Anglogold Ashanti's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.36.

Anglogold Ashanti Total Inventories Historical Data

The historical data trend for Anglogold Ashanti'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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Anglogold Ashanti Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

652.00

632.00

733.00

703.00

773.00

Anglogold Ashanti Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories																690.00	703.00	720.00	773.00	800.00

Anglogold Ashanti 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.

Anglogold Ashanti (NYSE:AU) 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.

Anglogold Ashanti's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(722	+	0.75 * 317	+	0.5 * 800	-	3864
-	0	-	33)	/	419.613
=	-6.05

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

Anglogold Ashanti's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	786.5	/	1751	*	365 / 2
	=	81.97

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

Anglogold Ashanti's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	1751	/	786.5
	=	2.23

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.

Anglogold Ashanti's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	786.5	/	2186
	=	0.36

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.

Anglogold Ashanti Total Inventories Related Terms

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Anglogold Ashanti (Anglogold Ashanti) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglogold Ashanti PLC (NYSE:AU) » Definitions » Total Inventories

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Traded in Other Exchanges

ANG:South Africa HT3:Germany HT3:Germany

Address

112 Oxford Road, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

https://www.anglogoldashanti.com

Anglogold Ashanti PLC is one of the gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Africa, Australia, and the Americas. The firm generates a majority of its revenue from Africa which includes Ghana, Guinea, Mali, the Democratic Republic of the Congo, and Tanzania.