SMI - Ste Metallurgique d'Imiter (CAS:SMI) Total Inventories : MAD174 Mil (As of Jun. 2024)

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What is SMI - Ste Metallurgique d'Imiter Total Inventories?

SMI - Ste Metallurgique d'Imiter's total inventories for the quarter that ended in Jun. 2024 was MAD174 Mil. SMI - Ste Metallurgique d'Imiter's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was MAD168 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SMI - Ste Metallurgique d'Imiter's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was MAD-83.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SMI - Ste Metallurgique d'Imiter's Days Inventory for the six months ended in Jun. 2024 was 181.53.

Inventory Turnover measures how fast the company turns over its inventory within a year. SMI - Ste Metallurgique d'Imiter's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.01.

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. SMI - Ste Metallurgique d'Imiter's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.29.

SMI - Ste Metallurgique d'Imiter Total Inventories Historical Data

The historical data trend for SMI - Ste Metallurgique d'Imiter'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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SMI - Ste Metallurgique d'Imiter Total Inventories Chart

SMI - Ste Metallurgique d'Imiter Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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142.67

164.12

160.46

224.52

162.33

SMI - Ste Metallurgique d'Imiter Semi-Annual Data
	Jun14	Dec14	Jun15	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															203.71	224.52	138.42	162.33	173.72

SMI - Ste Metallurgique d'Imiter 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.

SMI - Ste Metallurgique d'Imiter (CAS:SMI) 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.

SMI - Ste Metallurgique d'Imiter'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)
=	(11.772	+	0.75 * 363.918	+	0.5 * 173.715	-	509.465
-	0	-	0)	/	1.645
=	-83.83

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

SMI - Ste Metallurgique d'Imiter'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
	=	168.024	/	168.922	*	365 / 2
	=	181.53

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

SMI - Ste Metallurgique d'Imiter'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 )
	=	168.922	/	168.024
	=	1.01

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.

SMI - Ste Metallurgique d'Imiter'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 )
	=	168.024	/	571.069
	=	0.29

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.

SMI - Ste Metallurgique d'Imiter Total Inventories Related Terms

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SMI - Ste Metallurgique d'Imiter Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SMI - Ste Metallurgique d'Imiter (CAS:SMI) » Definitions » Total Inventories

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Address

Twin Center, Tour A, PO Box 5199, Angle Boulevards Zerktouni et Al Massira Al Khadra, Casablanca, MAR

Website

http://www.managemgroup.com

SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.