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Ivanhoe Electric's total inventories for the quarter that ended in Mar. 2024 was $5.31 Mil. Ivanhoe Electric's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $5.16 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ivanhoe Electric's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.21.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ivanhoe Electric's Days Inventory for the three months ended in Mar. 2024 was 4,711.24.
Inventory Turnover measures how fast the company turns over its inventory within a year. Ivanhoe Electric's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.02.
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. Ivanhoe Electric's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 14.34.
The historical data trend for Ivanhoe Electric'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.
Ivanhoe Electric Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Total Inventories | - | 3.54 | 5.88 | 5.65 | 5.01 |
Ivanhoe Electric Quarterly Data | |||||||||||||||
Dec19 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Inventories | Get a 7-Day Free Trial | 5.87 | 4.63 | 4.76 | 5.01 | 5.31 |
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.
Ivanhoe Electric (AMEX:IE) 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.
Ivanhoe Electric's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is
Net-Net Working Capital Per Share (Q: Mar. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (149.161 | + | 0.75 * 4.319 | + | 0.5 * 5.313 | - | 111.424 |
- | 0 | - | 18.234) | / | 120.306 | ||
= | 0.21 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ivanhoe Electric's Days Inventory for the three months ended in Mar. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2024 ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | 5.163 | / | 0.1 | * | 365 / 4 | |
= | 4,711.24 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Ivanhoe Electric's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2024 ) | / | Average Total Inventories (Q: Mar. 2024 ) |
= | 0.1 | / | 5.163 | |
= | 0.02 |
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.
Ivanhoe Electric's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 5.163 | / | 0.36 | |
= | 14.34 |
* 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.
Thank you for viewing the detailed overview of Ivanhoe Electric's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Taylor Melvin | director, officer: President and CEO | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Stephani Terhorst | officer: Vice President Human Resources | 1605 CROWN POINT ROAD, MCKINNEY TX 75072 |
Sofia Bianchi | director | P.O. BOX 68861, RIYADH T0 11537 |
Catherine Anne Barone | officer: Chief Financial Officer | 63 CLIFFWOOD DR, PORT MOODY A1 V3H 5J8 |
Ronald J Vance | director | C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
Gibson Mark Andrew Stuart | officer: Chief Operating Officer | 1101, 172 VICTORY SHIP WAY, NORTH VANCOUVER A1 V7L 0B5 |
Boyd Graham Richard Thomas | officer: Vice President, US Projects | 1254 E 15TH AVE, VANCOUVER A1 V5T 2S8 |
Young Evan James Macmillan | officer: VP, Corporate Development | 123 LANGLEY AVENUE, TORONTO A6 M4K 1B6 |
Patrick Loftus-hills | director | 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Cassandra Pulskamp Joseph | officer: VP, Gen Counsel and Corp Sec | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Quentin Markin | officer: See Remarks | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Robert M Friedland | director, officer: Chief Executive Officer | 150 BEACH ROAD #25-03, THE GATEWAY WEST, SINGAPORE U0 189720 |
Jordan Neeser | officer: Chief Financial Officer | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
I-pulse Inc. | 10 percent owner | 150 BEACH ROAD #25-003, THE GATEWAY WEST, SINGAPORE U0 189720 |
Glen Nickolas Kuntz | officer: Chief Tech & Innovation Off. | 4300 LOCH LOMOND ROAD, THUNDER BAY A6 P7J 1N9 |
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