Australian Strategic Materials (ASX:ASM) Total Inventories : A$17.75 Mil (As of Jun. 2024)

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What is Australian Strategic Materials Total Inventories?

Australian Strategic Materials's total inventories for the quarter that ended in Jun. 2024 was A$17.75 Mil. Australian Strategic Materials's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was A$21.06 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Australian Strategic Materials's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was A$0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Australian Strategic Materials's Days Inventory for the six months ended in Jun. 2024 was 550.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. Australian Strategic Materials's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.33.

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.

Australian Strategic Materials Total Inventories Historical Data

The historical data trend for Australian Strategic Materials'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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Australian Strategic Materials Total Inventories Chart

Australian Strategic Materials Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Total Inventories

0.24

13.12

25.45

17.75

Australian Strategic Materials Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial				13.12	27.82	25.45	24.38	17.75

Australian Strategic Materials 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.

Australian Strategic Materials (ASX:ASM) 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.

Australian Strategic Materials'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)
=	(47.602	+	0.75 * 0.048	+	0.5 * 17.75	-	54.371
-	0	-	0.018)	/	181.134
=	0.01

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

Australian Strategic Materials'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
	=	21.064	/	6.984	*	365 / 2
	=	550.43

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

Australian Strategic Materials'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 )
	=	6.984	/	21.064
	=	0.33

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.

Australian Strategic Materials'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 )
	=	21.064	/	-0.596
	=

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.

Australian Strategic Materials Total Inventories Related Terms

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Australian Strategic Materials Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ASMMF:USA

Address

66 Kings Park Road, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.asm-au.com

Australian Strategic Materials Ltd is engaged in the business of producing and mining specialty metal and oxides. The product portfolio includes neodymium, praseodymium, zirconium, hafnium, dysprosium, terbium and niobium oxides. Its Dubbo Project includes Central Western New South Wales, Australia. The company's segment includes Corporate, Dubbo, and Korea. The company generates majority of its revenue from Korea, which includes the Korean Metals Plant.