BCI Minerals (ASX:BCI) Total Inventories : A$0.00 Mil (As of Dec. 2023)

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What is BCI Minerals Total Inventories?

BCI Minerals's total inventories for the quarter that ended in Dec. 2023 was A$0.00 Mil. BCI Minerals's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. BCI Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BCI Minerals's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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

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. BCI Minerals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

BCI Minerals Total Inventories Historical Data

The historical data trend for BCI Minerals'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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BCI Minerals Total Inventories Chart

BCI Minerals Annual Data

Trend

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Total Inventories

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BCI Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

BCI Minerals 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.

BCI Minerals (ASX:BCI) 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.

BCI Minerals's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(111.31	+	0.75 * 41.05	+	0.5 * 0	-	279.13
-	0	-	0)	/	1267.35
=	-0.11

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

BCI Minerals's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	22.979	*	365 / 2
	=	0.00

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

BCI Minerals's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	22.979	/	0
	=	N/A

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.

BCI Minerals's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	44.146
	=	0.00

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.

BCI Minerals Total Inventories Related Terms

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BCI Minerals (ASX:BCI) Business Description

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Address

1 Altona Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.bciminerals.com.au

BCI Minerals Ltd is an Australia-based resources company, managing a diversified portfolio of mineral interests. Its assets include Buckland, Mardie Salt, Carnegie Potash, and other exploration projects including Marble bar, Black Hills, and Maitland. The company earns potential iron ore royalties over third party projects located in the Pilbara. It holds an interest in Mardie Salt & Potash Project, Carnegie Potash Project, and Iron Valley Iron Ore Mine. The firm has three reportable segments being; Iron Valley, Mardie, and Other (Corporate and other assets). Sales revenue comprises iron ore sales in Australia.

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