Prospect Ridge Resources (FRA:0ED) Total Inventories : €0.00 Mil (As of Aug. 2024)

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What is Prospect Ridge Resources Total Inventories?

Prospect Ridge Resources's total inventories for the quarter that ended in Aug. 2024 was €0.00 Mil. Prospect Ridge Resources's average total inventories from the quarter that ended in May. 2024 to the quarter that ended in Aug. 2024 was €0.00 Mil.

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

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Prospect Ridge Resources's Days Inventory for the three months ended in Aug. 2024 was 0.00.

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

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.

Prospect Ridge Resources Total Inventories Historical Data

The historical data trend for Prospect Ridge 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.

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Prospect Ridge Resources Total Inventories Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

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Aug24

Total Inventories

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Inventories	Get a 7-Day Free Trial											-	-	-	-	-

Prospect Ridge 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.

Prospect Ridge Resources (FRA:0ED) 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.

Prospect Ridge Resources's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2024 is

	Net-Net Working Capital Per Share (Q: Aug. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.81	+	0.75 * 0.042	+	0.5 * 0	-	0.858
-	0	-	0)	/	83.15
=	0.02

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

Prospect Ridge Resources's Days Inventory for the three months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	0	/	0.045	*	365 / 4
	=	0.00

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

Prospect Ridge Resources's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2024 )	/	Average Total Inventories (Q: Aug. 2024 )
	=	0.045	/	0
	=	N/A

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.

Prospect Ridge Resources's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	0	/	0
	=

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.

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Prospect Ridge Resources Business Description

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PRRSF:USA PRR:Canada

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.

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