Kinross Gold (FRA:KIN2) Total Inventories : €1,110 Mil (As of Sep. 2024)

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What is Kinross Gold Total Inventories?

Kinross Gold's total inventories for the quarter that ended in Sep. 2024 was €1,110 Mil. Kinross Gold's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was €1,086 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kinross Gold's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was €-2.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kinross Gold's Days Inventory for the three months ended in Sep. 2024 was 139.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kinross Gold's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.65.

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. Kinross Gold's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.84.

Kinross Gold Total Inventories Historical Data

The historical data trend for Kinross Gold'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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Kinross Gold Total Inventories Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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948.42

881.92

1,018.90

1,012.16

1,057.30

Kinross Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															1,126.56	1,057.30	1,028.28	1,062.78	1,110.21

Kinross Gold 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.

Kinross Gold (FRA:KIN2) 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.

Kinross Gold's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(425.993	+	0.75 * 0	+	0.5 * 1110.212	-	3573.006
-	0	-	132.357)	/	1229.05
=	-2.22

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

Kinross Gold's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1086.494	/	708.546	*	365 / 4
	=	139.92

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

Kinross Gold's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	708.546	/	1086.494
	=	0.65

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.

Kinross Gold's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1086.494	/	1290.232
	=	0.84

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.

Kinross Gold Total Inventories Related Terms

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Kinross Gold Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (FRA:KIN2) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

KGC:USA KGC:Mexico 0R2D:UK KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.

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