Frontier Mining (LSE:FML) Total Inventories: £9.66 Mil (As of Sep. 2014)


What is Frontier Mining Total Inventories?

Frontier Mining LSE:FML -16.67% Total Inventories is £9.66 Mil as of Sep. 2014. The stock has 3 warning signs investors should review.

Frontier Mining's total inventories for the quarter that ended in Sep. 2014 was £9.66 Mil. Frontier Mining's average total inventories from the quarter that ended in Jun. 2014 to the quarter that ended in Sep. 2014 was £9.19 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Frontier Mining's Net-Net Working Capital per share for the quarter that ended in Sep. 2014 was £-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Frontier Mining's Days Inventory for the three months ended in Sep. 2014 was 387.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Frontier Mining's Inventory Turnover for the quarter that ended in Sep. 2014 was 0.24.

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. Frontier Mining's Inventory-to-Revenue for the quarter that ended in Sep. 2014 was 3.51.

Frontier Mining  (LSE:FML) 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.

Frontier Mining's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2014 is

Net-Net Working Capital Per Share (Q: Sep. 2014 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.39+0.75 * 0.261+0.5 * 9.655-86.327
-0-0)/1876.760
=-0.04

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

Frontier Mining's Days Inventory for the three months ended in Sep. 2014 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2014 )/Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=9.1935/2.166*365 / 4
=387.31

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

Frontier Mining's Inventory Turnover for the quarter that ended in Sep. 2014 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2014 ) / Average Total Inventories (Q: Sep. 2014 )
=2.166 / 9.1935
=0.24

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.

Frontier Mining's Inventory to Revenue for the quarter that ended in Sep. 2014 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2014 ) / Revenue (Q: Sep. 2014 )
=9.1935 / 2.617
=3.51

* 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.

Frontier Mining Total Inventories Related Terms

Frontier Mining Total Inventories Historical Data

* Premium members only.

The historical data trend for Frontier Mining'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.

Frontier Mining Total Inventories Chart

Frontier Mining Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Total Inventories
Get a 7-Day Free Trial Premium Member Only 0.31 0.71 0.15 6.05 8.59

Frontier Mining Quarterly Data
Dec09 Jun10 Dec10 Jun11 Dec11 Dec12 Jun13 Sep13 Dec13 Jun14 Sep14
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 6.65 0.00 8.59 8.73 9.66

Frontier Mining 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of £9.66 Mil mean?
Frontier Mining (LSE:FML) has a Total Inventories of £9.66 Mil as of Sep. 2014. The total amount of inventory as recorded on a company's balance sheet. View historical data for Frontier Mining and its competitors.
Is Frontier Mining's Total Inventories too high?
Frontier Mining's current Total Inventories is £9.66 Mil.
How does Frontier Mining's Total Inventories compare to competitors?
Frontier Mining's Total Inventories of £9.66 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 Frontier Mining and its competitors. Frontier Mining's current Total Inventories is £9.66 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Mining stock overvalued right now?
Frontier Mining (LSE:FML) has a current Total Inventories of £9.66 Mil. The current Total Inventories is £9.66 Mil. 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 Frontier Mining (LSE:FML), the current Total Inventories is £9.66 Mil as of Sep. 2014. 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.

Frontier Mining Business Description

Frontier Mining Ltd was incorporated under the law of the state of Delaware on 5 August 1998. It is engaged in mineral exploration and development. It explores and develops gold and copper deposits in the Republic of Kazakhstan. Its activities currently relate to two licenses: the wholly owned Naimanjal contract license area and the 50% owned Benkala joint venture license.