HGMCF (Harmony Gold Mining Co) Total Inventories: $288 Mil (As of Dec. 2025)


HGMCF Harmony Gold Mining Co Ltd HGMCF
92 GF Score
Price $17.45
GF Value $20.28
Valuation Modestly Undervalued
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What is Harmony Gold Mining Co Total Inventories?

Harmony Gold Mining Co HGMCF 92 Total Inventories is $288 Mil as of Dec. 2025. GuruFocus rates HGMCF with a GF Score™ of 92/100 and a GF Value™ of $20.28 (Modestly Undervalued).

Harmony Gold Mining Co's total inventories for the quarter that ended in Dec. 2025 was $288 Mil. Harmony Gold Mining Co's average total inventories from the quarter that ended in Jun. 2025 to the quarter that ended in Dec. 2025 was $252 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Harmony Gold Mining Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was $-4.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harmony Gold Mining Co's Days Inventory for the six months ended in Dec. 2025 was 29.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harmony Gold Mining Co's Inventory Turnover for the quarter that ended in Dec. 2025 was 6.16.

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. Harmony Gold Mining Co's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 0.10.


Harmony Gold Mining Co  (OTCPK:HGMCF) 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.

Harmony Gold Mining Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 is

Net-Net Working Capital Per Share (Q: Dec. 2025 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(436.65+0.75 * 223.375+0.5 * 288.486-3708.496
-0-19.011)/624.835
=-4.77

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

Harmony Gold Mining Co's Days Inventory for the six months ended in Dec. 2025 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2025 )/Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=251.5675/1550.019*365 / 2
=29.62

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

Harmony Gold Mining Co's Inventory Turnover for the quarter that ended in Dec. 2025 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2025 ) / Average Total Inventories (Q: Dec. 2025 )
=1550.019 / 251.5675
=6.16

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.

Harmony Gold Mining Co's Inventory to Revenue for the quarter that ended in Dec. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=251.5675 / 2637.723
=0.10

* 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.


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.


Harmony Gold Mining Co Total Inventories Related Terms


Harmony Gold Mining Co Total Inventories Historical Data

* Premium members only.

The historical data trend for Harmony Gold Mining Co'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.

Harmony Gold Mining Co Total Inventories Chart

Harmony Gold Mining Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 182.71 178.19 174.18 195.51 214.65

Harmony Gold Mining Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 172.44 195.51 193.27 214.65 288.49
HGMCF
92GF Score
Harmony Gold Mining Co Ltd HGMCF
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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Harmony Gold Mining Co 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $288 Mil mean?
Harmony Gold Mining Co (HGMCF) has a Total Inventories of $288 Mil as of Dec. 2025. The total amount of inventory as recorded on a company's balance sheet. View historical data for Harmony Gold Mining Co and its competitors.
Is Harmony Gold Mining Co's Total Inventories too high?
Harmony Gold Mining Co's current Total Inventories is $288 Mil. Overall, Harmony Gold Mining Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harmony Gold Mining Co's Total Inventories compare to NEM and AU?
Harmony Gold Mining Co's Total Inventories of $288 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Metals & Mining company?
A good Total Inventories depends on the Metals & Mining industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Harmony Gold Mining Co and its competitors. Harmony Gold Mining Co's current Total Inventories is $288 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmony Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Harmony Gold Mining Co (HGMCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $20.28, compared to a current price of $17.45 — trading 14% below its estimated fair value. The current Total Inventories is $288 Mil. Harmony Gold Mining Co's overall GF Score™ is 92/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Harmony Gold Mining Co (HGMCF), the current Total Inventories is $288 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Harmony Gold Mining Co (HGMCF) Overvalued in 2026?

Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be undervalued. The current stock price of $17.45 is trading 14% below its estimated GF Value™ of $20.28. GuruFocus considers Harmony Gold Mining Co to be Modestly Undervalued.

Key valuation signals for HGMCF:

  • Total Inventories: $288 Mil
  • GF Value™: $20.28 vs. price of $17.45 (14% below fair value)
  • GF Score™: 92/100

No single metric tells the full story. See the HGMCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harmony Gold Mining Co Business Description

Address Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
92GF Score

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Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.45
Price
$20.28
GF Value