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IDR (Idaho Strategic Resources) Total Inventories : $0.97 Mil (As of Sep. 2024)


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What is Idaho Strategic Resources Total Inventories?

Idaho Strategic Resources's total inventories for the quarter that ended in Sep. 2024 was $0.97 Mil. Idaho Strategic Resources's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $0.87 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Idaho Strategic Resources's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Idaho Strategic Resources's Days Inventory for the three months ended in Sep. 2024 was 25.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Idaho Strategic Resources's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.63.

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. Idaho Strategic Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.14.


Idaho Strategic Resources Total Inventories Historical Data

The historical data trend for Idaho Strategic Resources'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.

Idaho Strategic Resources Total Inventories Chart

Idaho Strategic Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.40 0.21 0.62 0.88

Idaho Strategic Resources 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 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 0.70 0.88 0.80 0.77 0.97

Idaho Strategic Resources 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.


Idaho Strategic Resources  (AMEX:IDR) 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.

Idaho Strategic Resources'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)
=(11.591+0.75 * 1.054+0.5 * 0.972-5.033
-0-2.743)/13.463
=0.38

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

Idaho Strategic Resources'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
=0.8695/3.156*365 / 4
=25.14

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

Idaho Strategic Resources'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 )
=3.156 / 0.8695
=3.63

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.

Idaho Strategic Resources'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 )
=0.8695 / 6.153
=0.14

* 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.


Idaho Strategic Resources Total Inventories Related Terms

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Idaho Strategic Resources Business Description

Traded in Other Exchanges
N/A
Address
201 N. Third Street, Coeur d’Alene, ID, USA, 83814
Idaho Strategic Resources Inc is a vertically integrated, operating junior mining company. It produces gold at the Golden Chest Mine. In addition to gold and gold production, the company maintains a strategic and domestic presence in the Critical Minerals sector and is focused on advancing its officially recognized Lemhi Pass, Diamond Creek, and Roberts Rare Earth Element projects in central Idaho.
Executives
Monique D Hayes officer: Corporate Secretary 11115 E. MONTGOMERY, SUITE G, SPOKANE VALLEY WA 99206
John Swallow director, 10 percent owner, officer: President 905 SOUTH JARVIS ROAD, COEUR D'ALENE ID 83814
Carolyn S Turner director P.O. BOX 87, KINGSTON ID 83839
Grant A Brackebusch director, officer: Vice President P.O. BOX 1019, KELLOGG IA 83837
Richard Scott Beaven director 201 N. 3RD ST., COEUR D'ALENE ID 83814
Robert John Morgan officer: VP Exploration 201 N 3RD ST, COEUR D ALENE ID 83814-2806
Kevin G Shiell director STILLWATER MINING COMPANY, 1321 DISCOVERY DRIVE, BILLINGS MT 59102
Juniper Resources Llc other: Strategic Partnership 967 E PARKCENTER BLVD. #365, BOISE ID 83706
Delbert W Steiner director 3555 COUNTRY CLUB DR, LEWISTON ID 83501
R. Patrick Highsmith director, officer: President/CEO 6852 S. CLAYTON WAY, CENTENNIAL CO 80122
Mine Systems Design Inc 10 percent owner PO BOX 1019, KELLOGG ID 83837
M Kathleen Sims director PO BOX 1019, KELLOGG ID 93837
Ivan R Linscott director PO BOX 1019, KELLOGG ID 83837
William C Rust director PO BOX 1019, KELLOGG ID 83837
Fred W Brackebusch director, 10 percent owner, officer: CEO P.O. BOX 1019, KELLOGG ID 83837