Great Western Minerals Group (Great Western Minerals Group) Total Inventories : $3.21 Mil (As of Sep. 2014)

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What is Great Western Minerals Group Total Inventories?

Great Western Minerals Group's total inventories for the quarter that ended in Sep. 2014 was $3.21 Mil. Great Western Minerals Group's average total inventories from the quarter that ended in Jun. 2014 to the quarter that ended in Sep. 2014 was $3.58 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Great Western Minerals Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2014 was $-0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Great Western Minerals Group's Days Inventory for the three months ended in Sep. 2014 was 73.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Great Western Minerals Group's Inventory Turnover for the quarter that ended in Sep. 2014 was 1.25.

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. Great Western Minerals Group's Inventory-to-Revenue for the quarter that ended in Sep. 2014 was 0.64.

Great Western Minerals Group Total Inventories Historical Data

The historical data trend for Great Western Minerals Group'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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Great Western Minerals Group Total Inventories Chart

Great Western Minerals Group Annual Data

Trend

Dec04

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Dec13

Total Inventories

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2.10

1.97

4.53

4.24

3.87

Great Western Minerals Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Total Inventories	Get a 7-Day Free Trial															4.67	3.87	4.34	3.94	3.21

Great Western Minerals Group 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.

Great Western Minerals Group (OTCPK:GWMGF) 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.

Great Western Minerals Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2014 is

	Net-Net Working Capital Per Share (Q: Sep. 2014 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12.257	+	0.75 * 1.966	+	0.5 * 3.213	-	78.924
-	0	-	0)	/	418.738
=	-0.15

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

Great Western Minerals Group's Days Inventory for the three months ended in Sep. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2014 )	/	Cost of Goods Sold (Q: Sep. 2014 )	*	Days in Period
	=	3.5755	/	4.457	*	365 / 4
	=	73.20

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

Great Western Minerals Group's Inventory Turnover for the quarter that ended in Sep. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2014 )	/	Average Total Inventories (Q: Sep. 2014 )
	=	4.457	/	3.5755
	=	1.25

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.

Great Western Minerals Group's Inventory to Revenue for the quarter that ended in Sep. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2014 )	/	Revenue (Q: Sep. 2014 )
	=	3.5755	/	5.555
	=	0.64

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.

Great Western Minerals Group Total Inventories Related Terms

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Great Western Minerals Group (Great Western Minerals Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Western Minerals Group Ltd (OTCPK:GWMGF) » Definitions » Total Inventories

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Address

Unit 201B, 2121 Airport Drive, Saskatoon, SK, CAN, S7L 6W5

Website

http://www.gwmg.ca

Great Western Minerals Group Ltd is a Canadian-based exploration and development company, which is engaged in the exploration and development of its rare earth elements (REE) property, and the manufacturing and marketing of products containing REE. The company operates as an integrated rare earth processor which manufactures specialty alloys used in the magnet, battery, defense and aerospace industries. It holds an interest in the Steenkampskraal monazite mine, located approximately 350 kilometers northwest of Cape Town, South Africa. Further, the group also holds an interest in Hoidas Lake rare earth mineral property in Canada.

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