Magna Mining NL (ASX:MANCA) Total Inventories : A$0.10 Mil (As of Jun. 2011)

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What is Magna Mining NL Total Inventories?

Magna Mining NL's total inventories for the quarter that ended in Jun. 2011 was A$0.10 Mil. Magna Mining NL's average total inventories from the quarter that ended in Jun. 2010 to the quarter that ended in Jun. 2011 was A$0.10 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Magna Mining NL's Net-Net Working Capital per share for the quarter that ended in Jun. 2011 was A$-0.00.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Magna Mining NL's Inventory Turnover for the quarter that ended in Jun. 2011 was 0.00.

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.

Magna Mining NL Total Inventories Historical Data

The historical data trend for Magna Mining NL'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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Magna Mining NL Total Inventories Chart

Magna Mining NL Annual Data

Trend

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Jun11

Total Inventories

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0.10

Magna Mining NL Semi-Annual Data
	Jun95	Jun96	Jun97	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11
Total Inventories	Get a 7-Day Free Trial												0.10	0.10	0.10	0.10	0.10

Magna Mining NL 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.

Magna Mining NL (ASX:MANCA) 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.

Magna Mining NL's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2011 is

	Net-Net Working Capital Per Share (Q: Jun. 2011 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.183	+	0.75 * 0	+	0.5 * 0.103	-	0.583
-	0	-	0)	/	684.707
=	-0.00

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

Magna Mining NL's Days Inventory for the six months ended in Jun. 2011 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2011 )	/	Cost of Goods Sold (Q: Jun. 2011 )	*	Days in Period
	=	0.103	/	0	*	365 / 2
	=

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

Magna Mining NL's Inventory Turnover for the quarter that ended in Jun. 2011 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2011 )	/	Average Total Inventories (Q: Jun. 2011 )
	=	0	/	0.103
	=	0.00

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.

Magna Mining NL's Inventory to Revenue for the quarter that ended in Jun. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2011 )	/	Revenue (Q: Jun. 2011 )
	=	0.103	/	0
	=

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.

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Magna Mining NL Business Description

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http://www.magnamining.com.au

Magna Mining NL is a mineral exploration company with projects in Namibia and Russia. The company is exploring for industrial minerals, precious metals, base and rare metals, precious and semi-precious stones, targeting both nationally and internationally.

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