Managem (CAS:MNG) Inventories, Inventories Adjustments: MAD-64 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CAS:MNG Managem SA CAS:MNG
77 GF Score
Price MAD1,720.00
GF Value MAD4,756.77
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Managem Inventories, Inventories Adjustments?

Managem CAS:MNG -1.83% 77 Inventories, Inventories Adjustments is MAD-64 Mil as of Dec. 2025. GuruFocus rates CAS:MNG with a GF Score™ of 77/100 and a GF Value™ of MAD4,756.77 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Managem's Inventories, Inventories Adjustments for the quarter that ended in Dec. 2025 was MAD-64 Mil.

Managem's quarterly Inventories, Inventories Adjustments increased from Dec. 2024 (MAD-71 Mil) to Jun. 2025 (MAD0 Mil) but then declined from Jun. 2025 (MAD0 Mil) to Dec. 2025 (MAD-64 Mil).

Managem's annual Inventories, Inventories Adjustments declined from Dec. 2023 (MAD-32 Mil) to Dec. 2024 (MAD-71 Mil) but then increased from Dec. 2024 (MAD-71 Mil) to Dec. 2025 (MAD-64 Mil).

Managem Inventories, Inventories Adjustments Historical Data

* Premium members only.

The historical data trend for Managem's Inventories, Inventories Adjustments 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.

Managem Inventories, Inventories Adjustments Chart

Managem Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Inventories Adjustments
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.90 -22.40 -31.90 -70.70 -63.90

Managem Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Inventories, Inventories Adjustments Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -31.90 0.00 -70.70 0.00 -63.90
CAS:MNG
77GF Score
Managem SA CAS:MNG
Inventories, Inventories Adjustments is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Managem Inventories, Inventories Adjustments Calculation

Inventories, Inventories Adjustments represents certain charges made in the current period in inventory resulting from breakage, spoilage, employee theft and shoplifting, etc.

What does a Inventories, Inventories Adjustments of MAD-64 Mil mean?
Managem (CAS:MNG) has a Inventories, Inventories Adjustments of MAD-64 Mil as of Dec. 2025. Inventories, Inventories Adjustments is certain charges made in the current period in inventory resulting from breakage, spoilage, etc. View historical data on Managem and its competitors.
Is Managem's Inventories, Inventories Adjustments too high?
Managem's current Inventories, Inventories Adjustments is MAD-64 Mil. Overall, Managem has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Managem's Inventories, Inventories Adjustments compare to competitors?
Managem's Inventories, Inventories Adjustments of MAD-64 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventories, Inventories Adjustments for a Metals & Mining company?
A good Inventories, Inventories Adjustments depends on the Metals & Mining industry context. However, Inventories, Inventories Adjustments should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventories, Inventories Adjustments mean?
A high Inventories, Inventories Adjustments can signal that a stock is expensive relative to its fundamentals. Inventories, Inventories Adjustments is certain charges made in the current period in inventory resulting from breakage, spoilage, etc. View historical data on Managem and its competitors. Managem's current Inventories, Inventories Adjustments is MAD-64 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Managem stock overvalued right now?
Based on GuruFocus' analysis, Managem (CAS:MNG) is currently considered Significantly Undervalued. The stock's GF Value™ is MAD4,756.77, compared to a current price of MAD1,720.00 — trading 63.8% below its estimated fair value. The current Inventories, Inventories Adjustments is MAD-64 Mil. Managem's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Inventories Adjustments calculated?
Inventories, Inventories Adjustments is calculated from a company's financial statements. For Managem (CAS:MNG), the current Inventories, Inventories Adjustments is MAD-64 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Managem (CAS:MNG) Overvalued in 2026?

Based on GuruFocus' analysis, Managem stock appears to be undervalued. The current stock price of MAD1,720.00 is trading 63.8% below its estimated GF Value™ of MAD4,756.77. GuruFocus considers Managem to be Significantly Undervalued.

Key valuation signals for CAS:MNG:

  • Inventories, Inventories Adjustments: MAD-64 Mil
  • GF Value™: MAD4,756.77 vs. price of MAD1,720.00 (63.8% below fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the CAS:MNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Managem Business Description

Address Angle Boulevards Zerktouni et Al Massira Al Khadra, Twin Center, Tour A, Casablanca, MAR, BP 5199
Managem SA operates as an integrated mining group. The business operations include managing a portfolio of properties targeting precious metals such as gold and silver, and base metals which include copper, zinc, lead, cobalt and fluorite.
77GF Score

Get the complete analysis for CAS:MNG

Inventories, Inventories Adjustments is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD1,720.00
Price
MAD4,756.77
GF Value