Teck Resources (Teck Resources) Total Inventories : $2,196 Mil (As of Dec. 2023)

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What is Teck Resources Total Inventories?

Teck Resources's total inventories for the quarter that ended in Dec. 2023 was $2,196 Mil. Teck Resources's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2,191 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Teck Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-36.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Teck Resources's Days Inventory for the three months ended in Dec. 2023 was 93.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Teck Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.98.

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. Teck Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.72.

Teck Resources Total Inventories Historical Data

The historical data trend for Teck Resources'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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Teck Resources Total Inventories Chart

Teck Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,504.29

1,461.47

1,867.19

1,976.45

2,195.89

Teck Resources 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															1,976.45	2,030.99	2,217.37	2,186.09	2,195.89

Teck Resources 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.

Teck Resources (NYSE:TECK) 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.

Teck Resources'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)
=	(554.562	+	0.75 * 1562.314	+	0.5 * 2195.886	-	20796.81
-	0	-	971.974)	/	517.322
=	-36.62

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

Teck Resources'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
	=	2190.9885	/	2140.728	*	365 / 4
	=	93.39

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

Teck Resources'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 )
	=	2140.728	/	2190.9885
	=	0.98

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.

Teck Resources'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 )
	=	2190.9885	/	3062.016
	=	0.72

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.

Teck Resources Total Inventories Related Terms

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Teck Resources (Teck Resources) Business Description

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Traded in Other Exchanges

TCKRF:USA TECK:Mexico TEKB:Germany TECK.B:Canada TECK.A:Canada

Address

550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3

Website

https://www.teck.com

Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.