Mining and Metallurgical Company NORILSK NICKEL PJSC (FRA:NNIC) Total Inventories : €3,500 Mil (As of Dec. 2023)

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What is Mining and Metallurgical Company NORILSK NICKEL PJSC Total Inventories?

Mining and Metallurgical Company NORILSK NICKEL PJSC's total inventories for the quarter that ended in Dec. 2023 was €3,500 Mil. Mining and Metallurgical Company NORILSK NICKEL PJSC's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €3,685 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mining and Metallurgical Company NORILSK NICKEL PJSC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-7.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mining and Metallurgical Company NORILSK NICKEL PJSC's Days Inventory for the six months ended in Dec. 2023 was 207.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mining and Metallurgical Company NORILSK NICKEL PJSC's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.88.

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. Mining and Metallurgical Company NORILSK NICKEL PJSC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.55.

Mining and Metallurgical Company NORILSK NICKEL PJSC Total Inventories Historical Data

The historical data trend for Mining and Metallurgical Company NORILSK NICKEL PJSC'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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Mining and Metallurgical Company NORILSK NICKEL PJSC Total Inventories Chart

Mining and Metallurgical Company NORILSK NICKEL PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2,227.50

1,789.54

2,678.01

4,668.08

3,500.19

Mining and Metallurgical Company NORILSK NICKEL PJSC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															2,678.01	5,153.81	4,668.08	3,869.22	3,500.19

Mining and Metallurgical Company NORILSK NICKEL PJSC 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.

Mining and Metallurgical Company NORILSK NICKEL PJSC (FRA:NNIC) 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.

Mining and Metallurgical Company NORILSK NICKEL PJSC's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1964.214	+	0.75 * 610.722	+	0.5 * 3500.189	-	14658.245
-	0	-	1099.483)	/	1536.55
=	-7.54

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

Mining and Metallurgical Company NORILSK NICKEL PJSC's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3684.7025	/	3238.844	*	365 / 2
	=	207.62

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

Mining and Metallurgical Company NORILSK NICKEL PJSC's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	3238.844	/	3684.7025
	=	0.88

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.

Mining and Metallurgical Company NORILSK NICKEL PJSC's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3684.7025	/	6646.416
	=	0.55

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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Mining and Metallurgical Company NORILSK NICKEL PJSC (FRA:NNIC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mining and Metallurgical Company NORILSK NICKEL PJSC (FRA:NNIC) » Definitions » Total Inventories

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GMKN:Russia

Address

15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100

Website

https://www.nornickel.com

PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.

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