Bushveld Minerals (Bushveld Minerals) Total Inventories : $47.0 Mil (As of Jun. 2023)

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What is Bushveld Minerals Total Inventories?

Bushveld Minerals's total inventories for the quarter that ended in Jun. 2023 was $47.0 Mil. Bushveld Minerals's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was $51.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Bushveld Minerals's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bushveld Minerals's Days Inventory for the six months ended in Jun. 2023 was 157.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bushveld Minerals's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.16.

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. Bushveld Minerals's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.65.

Bushveld Minerals Total Inventories Historical Data

The historical data trend for Bushveld 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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Bushveld Minerals Total Inventories Chart

Bushveld Minerals Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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17.19

35.08

34.08

41.65

54.99

Bushveld Minerals Semi-Annual Data
	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial															36.66	41.65	44.74	54.99	46.96

Bushveld 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.

Bushveld Minerals (OTCPK:BSHVF) 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.

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

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.805	+	0.75 * 4.29	+	0.5 * 46.963	-	156.366
-	0	-	33.709)	/	1287.15
=	-0.12

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

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

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	50.9765	/	58.945	*	365 / 2
	=	157.83

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	58.945	/	50.9765
	=	1.16

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	50.9765	/	78.428
	=	0.65

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.

Bushveld Minerals Total Inventories Related Terms

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Bushveld Minerals (Bushveld Minerals) Business Description

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BMN:UK 23U:Germany

Address

9 Harries Road, Illovo, 2nd Floor, Building 3, Illovo Edge Office Park, Johannesburg, GT, ZAF, 2116

Website

https://www.bushveldminerals.com

Bushveld Minerals Ltd is a low-cost, vertically integrated primary vanadium producer. Bushveld offers a compelling exposure to vanadium because it operates across both the upstream and downstream value chains through Bushveld Vanadium and Bushveld Energy. The company participates in the entire vanadium value chain through its three main pillars: vanadium mining and production, which consists of the Vametco and Vanchem operations; energy and mineral exploration activities for vanadium and coal exploration (together "Exploration"). Activities take place in South Africa (iron ore, vanadium and energy), Madagascar (coal), other African countries (energy project development) and global (battery investment, vanadium sales).