Firestone Diamonds (FRA:GYF1) Total Inventories : €2.94 Mil (As of Jun. 2020)

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What is Firestone Diamonds Total Inventories?

Firestone Diamonds's total inventories for the quarter that ended in Jun. 2020 was €2.94 Mil. Firestone Diamonds's average total inventories from the quarter that ended in Jun. 2019 to the quarter that ended in Jun. 2020 was €4.77 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Firestone Diamonds's Net-Net Working Capital per share for the quarter that ended in Jun. 2020 was €-0.06.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Firestone Diamonds's Inventory Turnover for the quarter that ended in Jun. 2020 was 0.00.

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.

Firestone Diamonds Total Inventories Historical Data

The historical data trend for Firestone Diamonds'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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Firestone Diamonds Total Inventories Chart

Firestone Diamonds Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Total Inventories

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0.22

5.71

5.03

6.60

2.94

Firestone Diamonds Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20
Total Inventories	Get a 7-Day Free Trial															8.42	5.03	8.55	6.60	2.94

Firestone Diamonds 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.

Firestone Diamonds (FRA:GYF1) 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.

Firestone Diamonds's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2020 is

	Net-Net Working Capital Per Share (Q: Jun. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.203	+	0.75 * 0.221	+	0.5 * 2.936	-	98.028
-	0	-	-60.17)	/	565.472
=	-0.06

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

Firestone Diamonds's Days Inventory for the six months ended in Jun. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2020 )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
	=	4.766	/	0	*	365 / 2
	=

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

Firestone Diamonds's Inventory Turnover for the quarter that ended in Jun. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2020 )	/	Average Total Inventories (Q: Jun. 2020 )
	=	0	/	4.766
	=	0.00

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.

Firestone Diamonds's Inventory to Revenue for the quarter that ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	4.766	/	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.

Firestone Diamonds Total Inventories Related Terms

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Firestone Diamonds (FRA:GYF1) Business Description

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Address

207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS

Website

http://www.firestonediamonds.com

Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

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