Inmet Mining (FRA:MMC) Total Inventories : €70.4 Mil (As of Dec. 2012)

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What is Inmet Mining Total Inventories?

Inmet Mining's total inventories for the quarter that ended in Dec. 2012 was €70.4 Mil. Inmet Mining's average total inventories from the quarter that ended in Sep. 2012 to the quarter that ended in Dec. 2012 was €67.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Inmet Mining's Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was €-4.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inmet Mining's Days Inventory for the three months ended in Dec. 2012 was 69.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Inmet Mining's Inventory Turnover for the quarter that ended in Dec. 2012 was 1.32.

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. Inmet Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2012 was 0.34.

Inmet Mining Total Inventories Historical Data

The historical data trend for Inmet Mining'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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Inmet Mining Total Inventories Chart

Inmet Mining Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Total Inventories

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45.22

67.55

63.55

67.39

70.41

Inmet Mining Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Total Inventories	Get a 7-Day Free Trial															67.39	63.94	72.98	64.99	70.41

Inmet Mining 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.

Inmet Mining (FRA:MMC) 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.

Inmet Mining's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2012 is

	Net-Net Working Capital Per Share (Q: Dec. 2012 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1847.711	+	0.75 * 0	+	0.5 * 70.408	-	2182.817
-	0	-	0)	/	69.801
=	-4.30

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

Inmet Mining's Days Inventory for the three months ended in Dec. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2012 )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
	=	67.6985	/	89.48	*	365 / 4
	=	69.04

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

Inmet Mining's Inventory Turnover for the quarter that ended in Dec. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2012 )	/	Average Total Inventories (Q: Dec. 2012 )
	=	89.48	/	67.6985
	=	1.32

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.

Inmet Mining's Inventory to Revenue for the quarter that ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2012 )	/	Revenue (Q: Dec. 2012 )
	=	67.6985	/	198.019
	=	0.34

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.

Inmet Mining Total Inventories Related Terms

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Inmet Mining (FRA:MMC) Business Description

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Inmet Mining Corporation is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops underground and open pit mines safely, responsibly and cost effectively. The Company has three operating properties and one development property around the world. Ã‡ayeli is an underground mine on the Black Sea coast of northeastern Turkey. It produces copper and zinc concentrates, which are sold to international and domestic smelters and traders. Las Cruces is an open pit mine in southern Spain. Las Cruces uses leaching and electrowinning technology to produce copper cathode which are sold to buyers in the Spanish and Mediterranean markets. PyhÃ¤salmi is an underground copper and zinc mine in central Finland. It produces copper, zinc and pyrite concentrates. Copper and zinc concentrates are sold under long-term contracts to smelters in Finland. Pyrite is sold under contract to customers in Europe and Asia as well as in the spot market. Cobre Panama is an open pit copper development project in Panama.