HBM (Hudbay Minerals) Total Inventories : $197 Mil (As of Sep. 2024)

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What is Hudbay Minerals Total Inventories?

Hudbay Minerals's total inventories for the quarter that ended in Sep. 2024 was $197 Mil. Hudbay Minerals's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $191 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hudbay Minerals's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-5.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hudbay Minerals's Days Inventory for the three months ended in Sep. 2024 was 50.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hudbay Minerals's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.81.

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. Hudbay Minerals's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.39.

Hudbay Minerals Total Inventories Historical Data

The historical data trend for Hudbay Minerals'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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Hudbay Minerals Total Inventories Chart

Hudbay Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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138.82

143.11

158.45

155.01

207.33

Hudbay Minerals 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															237.91	207.33	201.97	185.87	196.64

Hudbay Minerals 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.

Hudbay Minerals (NYSE:HBM) 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.

Hudbay Minerals'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)
=	(483.273	+	0.75 * 220.424	+	0.5 * 196.643	-	2869.183
-	0	-	101.047)	/	393.663
=	-5.65

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

Hudbay Minerals'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
	=	191.256	/	345.987	*	365 / 4
	=	50.44

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

Hudbay Minerals'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 )
	=	345.987	/	191.256
	=	1.81

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.

Hudbay Minerals'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 )
	=	191.256	/	485.773
	=	0.39

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.

Hudbay Minerals Total Inventories Related Terms

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Hudbay Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hudbay Minerals Inc (NYSE:HBM) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

HBM:Peru 0AHJ:UK OCKA:Germany OCKA:Germany HBM:Canada

Address

25 York Street, Suite 800, Toronto, ON, CAN, M5J 2V5

Website

http://www.hudbayminerals.com

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company's revenue is attributable to the copper business. The company sells copper concentrates to smelters across Asia, America, and Europe, and sells Zinc metal, the next biggest source of revenue, to industrial customers across North America.