Sigma Lithium (TSXV:SGML) Total Inventories : C$21.8 Mil (As of Sep. 2023)

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What is Sigma Lithium Total Inventories?

Sigma Lithium's total inventories for the quarter that ended in Sep. 2023 was C$21.8 Mil. Sigma Lithium's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was C$23.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sigma Lithium's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was C$-1.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sigma Lithium's Days Inventory for the three months ended in Sep. 2023 was 44.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sigma Lithium's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.05.

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. Sigma Lithium's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.18.

Sigma Lithium Total Inventories Historical Data

The historical data trend for Sigma Lithium'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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Sigma Lithium Total Inventories Chart

Sigma Lithium Annual Data

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Total Inventories

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Sigma Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															-	-	0.72	24.11	21.80

Sigma Lithium 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.

Sigma Lithium (TSXV:SGML) 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.

Sigma Lithium's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(38.142	+	0.75 * 73.492	+	0.5 * 21.797	-	236.381
-	0	-	0)	/	109.39
=	-1.21

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

Sigma Lithium's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	22.952	/	47.096	*	365 / 4
	=	44.47

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

Sigma Lithium's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	47.096	/	22.952
	=	2.05

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.

Sigma Lithium's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	22.952	/	129.925
	=	0.18

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.

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Sigma Lithium (TSXV:SGML) Business Description

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SGML:USA S2GM34:Brazil

Address

Avenida Nove de Julho 4939, 9th Floor, Torre Europa, Itaim, Sao Paulo, SP, BRA, 01407-200

Website

https://www.sigmalithiumresources.com

Sigma Lithium Corp is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. The company is in construction at its wholly owned Grota do Cirilo Project in Brazil, one of the largest and highest-grade hard rock lithium spodumene deposits in the Americas. It is committed to strong ESG practices and is aiming to be net zero emissions by 2024. Its green-friendly processing plant will use 100% renewable energy, 100% recycled water and 100% dry-stack tailings.