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LIFZF (Labrador Iron Ore Royalty) Total Inventories : $0.0 Mil (As of Sep. 2024)


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What is Labrador Iron Ore Royalty Total Inventories?

Labrador Iron Ore Royalty's total inventories for the quarter that ended in Sep. 2024 was $0.0 Mil. Labrador Iron Ore Royalty's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Labrador Iron Ore Royalty's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-1.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Labrador Iron Ore Royalty'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. Labrador Iron Ore Royalty's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.


Labrador Iron Ore Royalty Total Inventories Historical Data

The historical data trend for Labrador Iron Ore Royalty'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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Labrador Iron Ore Royalty Total Inventories Chart

Labrador Iron Ore Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
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Labrador Iron Ore Royalty Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Labrador Iron Ore Royalty 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.


Labrador Iron Ore Royalty  (OTCPK:LIFZF) 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.

Labrador Iron Ore Royalty'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)
=(29.737+0.75 * 31.373+0.5 * 0-140.388
-0-0)/64
=-1.36

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

Labrador Iron Ore Royalty'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
=0/6.125*365 / 4
=0.00

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

Labrador Iron Ore Royalty'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 )
=6.125 / 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.

Labrador Iron Ore Royalty'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 / 30.917
=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.


Labrador Iron Ore Royalty Total Inventories Related Terms

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Labrador Iron Ore Royalty Business Description

Traded in Other Exchanges
Address
235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates an iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving its customers.

Labrador Iron Ore Royalty Headlines