Anglo Asian Mining (AQSE:AAZ.GB) Total Inventories : £32.37 Mil (As of Jun. 2024)

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What is Anglo Asian Mining Total Inventories?

Anglo Asian Mining's total inventories for the quarter that ended in Jun. 2024 was £32.37 Mil. Anglo Asian Mining's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was £32.12 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Anglo Asian Mining's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was £-0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anglo Asian Mining's Days Inventory for the six months ended in Jun. 2024 was 496.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Anglo Asian Mining's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.37.

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. Anglo Asian Mining's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 3.06.

Anglo Asian Mining Total Inventories Historical Data

The historical data trend for Anglo Asian Mining'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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Anglo Asian Mining Total Inventories Chart

Anglo Asian Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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33.48

30.84

27.76

33.01

31.87

Anglo Asian Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															39.80	33.01	38.41	31.87	32.37

Anglo Asian Mining 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.

Anglo Asian Mining (AQSE:AAZ.GB) 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.

Anglo Asian Mining's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.53	+	0.75 * 0.064	+	0.5 * 32.366	-	59.475
-	0	-	0)	/	114.242
=	-0.37

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

Anglo Asian Mining's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	32.118	/	11.807	*	365 / 2
	=	496.45

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

Anglo Asian Mining's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	11.807	/	32.118
	=	0.37

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.

Anglo Asian Mining's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	32.118	/	10.51
	=	3.06

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.

Anglo Asian Mining Total Inventories Related Terms

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Anglo Asian Mining Business Description

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AGXKF:USA AAZ:UK A4A:Germany

Address

2 Izmir Street, 3rd Floor, Tower 2, Hyatt Regency Business Centre, Baku, AZE, AZ1065

Website

https://www.angloasianmining.com

Anglo Asian Mining PLC owns and operates gold, silver, and copper producing properties in the Republic of Azerbaijan. It has a substantial portfolio of greenfield assets in areas such as Gilar, Zafar, Xarxar, Garadag, and others all of them hosting substantial ore deposits. The company's mining operations mainly comprise its producing assets, the Gedabek and Gadir mines, and related exploration and development at its Gedabek mining concession. Its revenue consists of sales to third parties of gold contained within dore, gold and silver bullion to its refiners, and gold and copper concentrate. Key revenue is generated from the sales of gold within dore and gold bullion.

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