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B2Gold (B2Gold) Total Inventories : $339 Mil (As of Mar. 2024)


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What is B2Gold Total Inventories?

B2Gold's total inventories for the quarter that ended in Mar. 2024 was $339 Mil. B2Gold's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $343 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. B2Gold's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. B2Gold's Days Inventory for the three months ended in Mar. 2024 was 112.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. B2Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.81.

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. B2Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.


B2Gold Total Inventories Historical Data

The historical data trend for B2Gold'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.

* Premium members only.

B2Gold Total Inventories Chart

B2Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 217.92 238.06 272.35 332.03 346.50

B2Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 350.20 339.10 343.63 346.50 339.35

B2Gold 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.


B2Gold  (AMEX:BTG) 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.

B2Gold's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(567.814+0.75 * 0+0.5 * 339.351-1366.416
-0-103.465)/1303.7
=-0.56

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

B2Gold's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=342.923/277.218*365 / 4
=112.88

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

B2Gold's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=277.218 / 342.923
=0.81

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.

B2Gold's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=342.923 / 461.444
=0.74

* 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.


B2Gold Total Inventories Related Terms

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B2Gold (B2Gold) Business Description

Address
666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; other mineral properties; and corporate and other. It generates maximum revenue from the Fekola mine segment in Mali.