Central Rand Gold (LSE:CRND) Total Inventories : £0.05 Mil (As of Jun. 2017)

View and export this data going back to 2007. Start your Free Trial

What is Central Rand Gold Total Inventories?

Central Rand Gold's total inventories for the quarter that ended in Jun. 2017 was £0.05 Mil. Central Rand Gold's average total inventories from the quarter that ended in Dec. 2016 to the quarter that ended in Jun. 2017 was £0.04 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Central Rand Gold's Net-Net Working Capital per share for the quarter that ended in Jun. 2017 was £-0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Central Rand Gold's Days Inventory for the six months ended in Jun. 2017 was 5.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. Central Rand Gold's Inventory Turnover for the quarter that ended in Jun. 2017 was 31.76.

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. Central Rand Gold's Inventory-to-Revenue for the quarter that ended in Jun. 2017 was 0.02.

Central Rand Gold Total Inventories Historical Data

The historical data trend for Central Rand Gold'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.

Central Rand Gold Total Inventories Chart

Central Rand Gold Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Total Inventories

Get a 7-Day Free Trial

0.77

0.56

0.05

0.08

0.02

Central Rand Gold Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17
Total Inventories	Get a 7-Day Free Trial												0.07	0.08	0.06	0.02	0.05

Central Rand Gold 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.

Central Rand Gold (LSE:CRND) 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.

Central Rand Gold's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2017 is

	Net-Net Working Capital Per Share (Q: Jun. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.346	+	0.75 * 0	+	0.5 * 0.052	-	22.218
-	0	-	0)	/	299.83
=	-0.07

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

Central Rand Gold's Days Inventory for the six months ended in Jun. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2017 )	/	Cost of Goods Sold (Q: Jun. 2017 )	*	Days in Period
	=	0.037	/	1.175	*	365 / 2
	=	5.75

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

Central Rand Gold's Inventory Turnover for the quarter that ended in Jun. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2017 )	/	Average Total Inventories (Q: Jun. 2017 )
	=	1.175	/	0.037
	=	31.76

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.

Central Rand Gold's Inventory to Revenue for the quarter that ended in Jun. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2017 )	/	Revenue (Q: Jun. 2017 )
	=	0.037	/	2.072
	=	0.02

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.

Central Rand Gold Total Inventories Related Terms

Thank you for viewing the detailed overview of Central Rand Gold's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Central Rand Gold (LSE:CRND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Central Rand Gold Ltd (LSE:CRND) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Trafalgar Court, 2nd Floor, East Wing, Admiral Park, St Peter Port, GGY, GY13HU

Website

http://www.centralrandgold.com

Central Rand Gold Ltd is a gold exploration and production group. It is engaged in a gold mining and exploration project that aims to bring profitable and sustainable gold mining back to the City of Johannesburg. The company plans to extract all profitable gold from its resource base using appropriate mining, processing, and environmentally friendly technologies. Central Rand Gold's current portfolio is the Consolidated Main Reef (CMR) operations which have been split into CMR West and CMR East and the Crown Mines development. CMR West is Central Rand Gold's first mining target area. It comprises an operational underground and opencast gold mine that utilizes conventional opencast stopping and extraction methods.

Central Rand Gold (LSE:CRND) Headlines

No Headlines