Oakbay Resources and Energy (JSE:46926) Total Inventories : R188.5 Mil (As of Feb. 2017)

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What is Oakbay Resources and Energy Total Inventories?

Oakbay Resources and Energy's total inventories for the quarter that ended in Feb. 2017 was R188.5 Mil. Oakbay Resources and Energy's average total inventories from the quarter that ended in Aug. 2016 to the quarter that ended in Feb. 2017 was R190.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Oakbay Resources and Energy's Net-Net Working Capital per share for the quarter that ended in Feb. 2017 was R-5.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oakbay Resources and Energy's Days Inventory for the six months ended in Feb. 2017 was 138.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oakbay Resources and Energy's Inventory Turnover for the quarter that ended in Feb. 2017 was 1.32.

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. Oakbay Resources and Energy's Inventory-to-Revenue for the quarter that ended in Feb. 2017 was 0.87.

Oakbay Resources and Energy Total Inventories Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy Total Inventories Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Total Inventories

142.75

208.51

183.52

188.50

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
Total Inventories	Get a 7-Day Free Trial			208.51	205.58	183.52	192.91	188.50

Oakbay Resources and Energy 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.

Oakbay Resources and Energy (JSE:46926) 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.

Oakbay Resources and Energy's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2017 is

	Net-Net Working Capital Per Share (Q: Feb. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.528	+	0.75 * 0	+	0.5 * 188.499	-	2817.387
-	0	-	1627.843)	/	800
=	-5.43

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

Oakbay Resources and Energy's Days Inventory for the six months ended in Feb. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2017 )	/	Cost of Goods Sold (Q: Feb. 2017 )	*	Days in Period
	=	190.7055	/	251.503	*	365 / 2
	=	138.38

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

Oakbay Resources and Energy's Inventory Turnover for the quarter that ended in Feb. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2017 )	/	Average Total Inventories (Q: Feb. 2017 )
	=	251.503	/	190.7055
	=	1.32

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.

Oakbay Resources and Energy's Inventory to Revenue for the quarter that ended in Feb. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2017 )	/	Revenue (Q: Feb. 2017 )
	=	190.7055	/	219.112
	=	0.87

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.

Oakbay Resources and Energy Total Inventories Related Terms

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Oakbay Resources and Energy (JSE:46926) Business Description

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http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

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