ANPMF (Andean Precious Metals) Total Inventories : $72.4 Mil (As of Sep. 2024)

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What is Andean Precious Metals Total Inventories?

Andean Precious Metals's total inventories for the quarter that ended in Sep. 2024 was $72.4 Mil. Andean Precious Metals's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $71.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Andean Precious Metals's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Andean Precious Metals's Days Inventory for the three months ended in Sep. 2024 was 138.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Andean Precious Metals's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.66.

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. Andean Precious Metals's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.04.

Andean Precious Metals Total Inventories Historical Data

The historical data trend for Andean Precious Metals'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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Andean Precious Metals Total Inventories Chart

Andean Precious Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

10.62

8.73

11.72

68.39

Andean Precious Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial														17.86	68.39	74.47	70.06	72.41

Andean Precious Metals 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.

Andean Precious Metals (OTCPK:ANPMF) 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.

Andean Precious Metals's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(98.139	+	0.75 * 1.815	+	0.5 * 72.408	-	172.005
-	0	-	0)	/	149.363
=	-0.24

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

Andean Precious Metals's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	71.234	/	46.907	*	365 / 4
	=	138.57

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

Andean Precious Metals's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	46.907	/	71.234
	=	0.66

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.

Andean Precious Metals's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	71.234	/	68.348
	=	1.04

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.

Andean Precious Metals Total Inventories Related Terms

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Andean Precious Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andean Precious Metals Corp (OTCPK:ANPMF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

6ZS:Germany APM:Canada

Address

181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3

Website

https://www.andeanpm.com

Andean Precious Metals Corp is a Canadian-listed, growth-focused precious metals producer operating in Bolivia and the United States. It directly and indirectly holds interests in the San Bartolome processing facility in Bolivia, and the Soledad Mountain mine in the United States. The company along with its subsidiaries is engaged in the exploration, exploitation, treatment, refining, and commercialization of dore bars containing silver and gold, which it extracts from its own mining rights and through purchased third-party material.

Andean Precious Metals Headlines

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