West African Resources (ASX:WAF) Total Inventories: A$265 Mil (As of Dec. 2025)

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ASX:WAF West African Resources Ltd ASX:WAF
96 GF Score
Price A$2.82
GF Value A$4.59
Valuation Significantly Undervalued
! 3 Warning Signs
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What is West African Resources Total Inventories?

West African Resources ASX:WAF -0.70% 96 Total Inventories is A$265 Mil as of Dec. 2025. GuruFocus rates ASX:WAF with a GF Score™ of 96/100 and a GF Value™ of A$4.59 (Significantly Undervalued). The stock has 3 warning signs investors should review.

West African Resources's total inventories for the quarter that ended in Dec. 2025 was A$265 Mil. West African Resources's average total inventories from the quarter that ended in Jun. 2025 to the quarter that ended in Dec. 2025 was A$214 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. West African Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was A$-0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. West African Resources's Days Inventory for the six months ended in Dec. 2025 was 101.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. West African Resources's Inventory Turnover for the quarter that ended in Dec. 2025 was 1.81.

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. West African Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 0.20.

West African Resources  (ASX:WAF) 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.

West African Resources's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 is

Net-Net Working Capital Per Share (Q: Dec. 2025 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(592+0.75 * 0+0.5 * 264.9-957.4
-0-38.2)/1142.329
=-0.24

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

West African Resources's Days Inventory for the six months ended in Dec. 2025 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2025 )/Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=213.506/385.703*365 / 2
=101.02

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

West African Resources's Inventory Turnover for the quarter that ended in Dec. 2025 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2025 ) / Average Total Inventories (Q: Dec. 2025 )
=385.703 / 213.506
=1.81

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.

West African Resources's Inventory to Revenue for the quarter that ended in Dec. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=213.506 / 1060.847
=0.20

* 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.

West African Resources Total Inventories Related Terms

West African Resources Total Inventories Historical Data

* Premium members only.

The historical data trend for West African Resources'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.

West African Resources Total Inventories Chart

West African Resources Annual Data
Trend Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.98 68.03 103.92 134.18 264.90

West African Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 103.92 102.79 134.18 162.11 264.90
ASX:WAF
96GF Score
West African Resources Ltd ASX:WAF
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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West African 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$265 Mil mean?
West African Resources (ASX:WAF) has a Total Inventories of A$265 Mil as of Dec. 2025. The total amount of inventory as recorded on a company's balance sheet. View historical data for West African Resources and its competitors.
Is West African Resources' Total Inventories too high?
West African Resources' current Total Inventories is A$265 Mil. Overall, West African Resources has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West African Resources' Total Inventories compare to NEM and AU?
West African Resources' Total Inventories of A$265 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 West African Resources and its competitors. West African Resources's current Total Inventories is A$265 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West African Resources stock overvalued right now?
Based on GuruFocus' analysis, West African Resources (ASX:WAF) is currently considered Significantly Undervalued. The stock's GF Value™ is A$4.59, compared to a current price of A$2.82 — trading 38.6% below its estimated fair value. The current Total Inventories is A$265 Mil. West African Resources' overall GF Score™ is 96/100 with 3 warning signs to review. 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 West African Resources (ASX:WAF), the current Total Inventories is A$265 Mil as of Dec. 2025. 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.

Is West African Resources (ASX:WAF) Overvalued in 2026?

Based on GuruFocus' analysis, West African Resources stock appears to be undervalued. The current stock price of A$2.82 is trading 38.6% below its estimated GF Value™ of A$4.59. GuruFocus considers West African Resources to be Significantly Undervalued.

Key valuation signals for ASX:WAF:

  • Total Inventories: A$265 Mil
  • GF Value™: A$4.59 vs. price of A$2.82 (38.6% below fair value)
  • GF Score™: 96/100 with 3 warning signs

No single metric tells the full story. See the ASX:WAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

West African Resources Business Description

Other Exchanges WFRSF:USAW25:Germany
Address 1 Alvan Street, Level 1, Subiaco, WA, AUS, 6008
West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The operating segments of the Company that includes Mining Operations: comprise the Sanbrado Gold Project operation located in Burkina Faso. Construction and E&E segment comprises mines under construction andexploration and evaluation (E&E) projects in locations other than Sanbrado.
96GF Score

Get the complete analysis for ASX:WAF

Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.82
Price
A$4.59
GF Value