Newfield Resources (ASX:NWF) Total Inventories: A$1.48 Mil (As of Jun. 2024)

What is Newfield Resources Total Inventories?

Newfield Resources ASX:NWF Total Inventories is A$1.48 Mil as of Jun. 2024.

Newfield Resources's total inventories for the quarter that ended in Jun. 2024 was A$1.48 Mil. Newfield Resources's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was A$1.52 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Newfield Resources's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was A$-0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Newfield Resources's Days Inventory for the six months ended in Jun. 2024 was 363.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Newfield Resources's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.50.

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.

Newfield Resources (ASX:NWF) 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.

Newfield Resources'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)
=	(0.016	+	0.75 * 0.181	+	0.5 * 1.483	-	20.218
-	0	-	-0.244)	/	940.703
=	-0.02

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

Newfield Resources'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
	=	1.5185	/	0.763	*	365 / 2
	=	363.21

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

Newfield Resources'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 )
	=	0.763	/	1.5185
	=	0.50

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.

Newfield Resources'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 )
	=	1.5185	/	-0.008
	=

* 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.

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.

Newfield Resources Total Inventories Related Terms

Newfield Resources Total Inventories Historical Data

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The historical data trend for Newfield Resources's Total Inventories can be seen below:

Newfield Resources Total Inventories Chart

Newfield Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Inventories

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0.26

0.63

1.30

2.90

1.48

Newfield Resources 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															1.30	2.64	2.90	1.55	1.48

Newfield Resources 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.

Frequently Asked Questions Learn more about Total Inventories →

What does a Total Inventories of A$1.48 Mil mean?

Newfield Resources (ASX:NWF) has a Total Inventories of A$1.48 Mil as of Jun. 2024. The total amount of inventory as recorded on a company's balance sheet. View historical data for Newfield Resources and its competitors.

Is Newfield Resources' Total Inventories too high?

Newfield Resources' current Total Inventories is A$1.48 Mil.

How does Newfield Resources' Total Inventories compare to HL?

Newfield Resources' Total Inventories of A$1.48 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Total Inventories for a Metals & Mining company?

A good Total Inventories depends on the Metals & Mining industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Total Inventories mean?

A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Newfield Resources and its competitors. Newfield Resources's current Total Inventories is A$1.48 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Newfield Resources stock overvalued right now?

Newfield Resources (ASX:NWF) has a current Total Inventories of A$1.48 Mil. The current Total Inventories is A$1.48 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Inventories calculated?

Total Inventories is calculated from a company's financial statements. For Newfield Resources (ASX:NWF), the current Total Inventories is A$1.48 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newfield Resources Business Description

Industry Basic Materials Metals & Mining

Comparable Companies ASX:RDN ASX:MI6 ASX:CEL ASX:SMI ASX:XAM ASX:CNB ASX:AZY ASX:CAE ASX:LOM ASX:FEG ISX:AMMN JSE:AMS MIC:ALRS SZSE:000975 LSE:FRES ISX:MBMA JSE:IMP TSX:TFPM HL JSE:NPH

Address 4 Riseley Street, Suite 6, Applecross, Perth, WA, AUS, 6153

Website https://www.newfieldresources.com.au

Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.