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HNCUF (Horizon Copper) Total Inventories : $0.00 Mil (As of Sep. 2024)


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What is Horizon Copper Total Inventories?

Horizon Copper's total inventories for the quarter that ended in Sep. 2024 was $0.00 Mil. Horizon Copper's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Horizon Copper's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-6.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Horizon Copper's Days Inventory for the three months ended in Sep. 2024 was 0.00.

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

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. Horizon Copper's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

Horizon Copper Total Inventories Historical Data

The historical data trend for Horizon Copper'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.

* Premium members only.

Horizon Copper Total Inventories Chart

Horizon Copper Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Inventories
- - - -

Horizon Copper Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Horizon Copper 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.

Horizon Copper  (OTCPK:HNCUF) 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.

Horizon Copper'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)
=(13.241+0.75 * 5.732+0.5 * 0-565.622
-0-0)/86.4548
=-6.34

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

Horizon Copper'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
=0/1.979*365 / 4
=0.00

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

Horizon Copper'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 )
=1.979 / 0
=N/A

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.

Horizon Copper'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 )
=0 / 5.302
=0.00

* 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.

Horizon Copper Total Inventories Related Terms

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Horizon Copper Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Copper Corp (OTCPK:HNCUF) » Definitions » Total Inventories
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Traded in Other Exchanges
HCU:Canada
Address
733 Seymour Street, Suite 3200, Vancouver, BC, CAN, V6B 0S6
Website
https://www.horizoncopper.com
Horizon Copper Corp is a copper company holding non-operating interests in high-grade, low-cost copper assets. It holds a portfolio of copper assets including a 30% interest in the copper-gold Hod Maden project, and exposure to the Oyu Tolgoi copper mine through nearly 25% equity ownership.