GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldStone Resources Ltd (LSE:GRL) » Definitions » Total Inventories

GoldStone Resources (LSE:GRL) Total Inventories : £0.13 Mil (As of Jun. 2023)


View and export this data going back to 2004. Start your Free Trial

What is GoldStone Resources Total Inventories?

GoldStone Resources's total inventories for the quarter that ended in Jun. 2023 was £0.13 Mil. GoldStone Resources's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was £0.11 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GoldStone Resources's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was £-0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GoldStone Resources's Days Inventory for the six months ended in Jun. 2023 was 17.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. GoldStone Resources's Inventory Turnover for the quarter that ended in Jun. 2023 was 10.66.

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. GoldStone Resources's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.58.


GoldStone Resources Total Inventories Historical Data

The historical data trend for GoldStone 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.

* Premium members only.

GoldStone Resources Total Inventories Chart

GoldStone Resources Annual Data
Trend Feb13 Feb14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.47 0.09

GoldStone Resources Semi-Annual Data
Aug13 Feb14 Aug14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1.47 0.74 0.09 0.13

GoldStone Resources 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.


GoldStone Resources  (LSE:GRL) 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.

GoldStone Resources's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

Net-Net Working Capital Per Share (Q: Jun. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.21+0.75 * 0.614+0.5 * 0.132-9.548
-0-0)/498.513
=-0.02

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

GoldStone Resources's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0.113/1.205*365 / 2
=17.11

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

GoldStone Resources's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2023 ) / Average Total Inventories (Q: Jun. 2023 )
=1.205 / 0.113
=10.66

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.

GoldStone Resources's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.113 / 0.194
=0.58

* 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.


GoldStone Resources Total Inventories Related Terms

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


GoldStone Resources (LSE:GRL) Business Description

Traded in Other Exchanges
N/A
Address
41 The Parade, 2nd Floor, International House, Saint Helier, JEY, JE2 3QQ
GoldStone Resources Ltd is an exploration company. Its primary activity is the exploration and mining of gold and associated elements. The company projects include Akrokeri and Homase Licence. It has Exploration and Corporate segments.

GoldStone Resources (LSE:GRL) Headlines

No Headlines