Fresnillo (FRA:FNL) Total Inventories : €394 Mil (As of Dec. 2024)

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What is Fresnillo Total Inventories?

Fresnillo's total inventories for the quarter that ended in Dec. 2024 was €394 Mil. Fresnillo's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Dec. 2024 was €433 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fresnillo's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was €-0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fresnillo's Days Inventory for the six months ended in Dec. 2024 was 71.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fresnillo's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.54.

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. Fresnillo's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.23.

Fresnillo Total Inventories Historical Data

The historical data trend for Fresnillo'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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Fresnillo Total Inventories Chart

Fresnillo Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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289.01

350.62

467.98

424.55

393.86

Fresnillo Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial															467.98	437.40	424.55	473.08	393.86

Fresnillo 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.

Fresnillo (FRA:FNL) 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.

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

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1239.414	+	0.75 * 526.051	+	0.5 * 393.858	-	1594.934
-	0	-	339.053)	/	736.894
=	-0.14

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

Fresnillo's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	433.4675	/	1102.303	*	365 / 2
	=	71.77

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

Fresnillo's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	1102.303	/	433.4675
	=	2.54

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	433.4675	/	1917.767
	=	0.23

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.

Fresnillo Total Inventories Related Terms

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Fresnillo Business Description

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Traded in Other Exchanges

FNLPF:USA FRES:Mexico FRESl:UK FRES:UK FNL:Germany

Address

Calzada Legaria No. 549, Torre 2, Piso 11, Delegacion Miguel Hidalgo, Mexico, DF, MEX, 11250

Website

http://www.fresnilloplc.com

Fresnillo PLC is a company that specializes in silver mining and is the world's largest gold producer. They have six mines that are divided into seven operating segments. The Fresnillo, Juanicipio, and Saucito mines are some of the world's largest underground silver mines and are located in Zacatecas state. The Cirnega mine, an underground gold mine, is in Durango state. The San Julian mine is an underground silver-gold mine located on the border of Durango states. The Herradura, Soledad-Dipolos, and Noche Buena are open-pit gold mines located in Sonora state. Herradura and Saucito mines generate more than half of the group's revenue.

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