Merafe Resources's total inventories for the quarter that ended in Dec. 2025 was R1,899 Mil. Merafe Resources's average total inventories from the quarter that ended in Jun. 2025 to the quarter that ended in Dec. 2025 was R2,185 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Merafe Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was R0.80.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Merafe Resources's Days Inventory for the
six
months ended in Dec. 2025 was 4,181.08.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Merafe Resources's Inventory Turnover for the quarter that ended in Dec. 2025 was 0.04.
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.
Merafe Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 0.67.
Merafe Resources (JSE:MRF) 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.
Merafe Resources's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 is
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.
Merafe Resources's Inventory to Revenue for the quarter that ended in Dec. 2025 is calculated as
* 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.
Merafe Resources Total Inventories Related Terms
Merafe Resources Total Inventories Historical Data
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The historical data trend for Merafe 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.
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.
Merafe Resources (JSE:MRF) has a Total Inventories of R1,899 Mil as of Dec. 2025. The total amount of inventory as recorded on a company's balance sheet. View historical data for Merafe Resources and its competitors.
Is Merafe Resources' Total Inventories too high?
Merafe Resources' current Total Inventories is R1,899 Mil. Overall, Merafe Resources has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Total Inventories compare to competitors?
Merafe Resources' Total Inventories of R1,899 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 Merafe Resources and its competitors. Merafe Resources's current Total Inventories is R1,899 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Based on GuruFocus' analysis, Merafe Resources (JSE:MRF) is currently considered Modestly Overvalued. The stock's GF Value™ is R0.99, compared to a current price of R1.29 — trading 30.3% above its estimated fair value. The current Total Inventories is R1,899 Mil. Merafe Resources' overall GF Score™ is 62/100 with 9 warning signs to review. 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 Merafe Resources (JSE:MRF), the current Total Inventories is R1,899 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 Merafe Resources (JSE:MRF) Overvalued in 2026?
Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued.
The current stock price of R1.29 is trading 30.3% above its estimated GF Value™ of R0.99.
GuruFocus considers Merafe Resources to be Modestly Overvalued.
Key valuation signals for JSE:MRF:
Total Inventories: R1,899 Mil
GF Value™: R0.99 vs. price of R1.29 (30.3% above fair value)
No single metric tells the full story. See the JSE:MRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
62GF Score
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