Vale (LTS:0LBF) Total Inventories : $4,946 Mil (As of Sep. 2024)

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What is Vale Total Inventories?

Vale's total inventories for the quarter that ended in Sep. 2024 was $4,946 Mil. Vale's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $4,870 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Vale's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-9.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vale's Days Inventory for the three months ended in Sep. 2024 was 70.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vale's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.29.

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. Vale's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.51.

Vale Total Inventories Historical Data

The historical data trend for Vale'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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Vale Total Inventories Chart

Vale Annual Data

Trend

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Dec23

Total Inventories

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4,274.00

4,061.00

4,377.00

4,482.00

4,684.00

Vale Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															5,114.00	4,684.00	5,195.00	4,793.00	4,946.00

Vale 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.

Vale (LTS:0LBF) 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.

Vale'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)
=	(4649	+	0.75 * 3001	+	0.5 * 4946	-	49174
-	0	-	1417)	/	4269.04
=	-9.66

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

Vale'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
	=	4869.5	/	6281	*	365 / 4
	=	70.74

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

Vale'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 )
	=	6281	/	4869.5
	=	1.29

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.

Vale'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 )
	=	4869.5	/	9553
	=	0.51

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.

Vale Total Inventories Related Terms

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Vale Business Description

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Traded in Other Exchanges

VALE:USA VALE:Mexico XVALO:Spain CVLC:Germany CVLC:Germany CVLB:Germany CVLB:Germany CVLC:Germany CVLB:Germany VALE3:Brazil CVLB:Bulgaria VALE:Argentina

Address

Praia de Botafogo, 186, offices 1101, 1701 and 1801, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145

Website

https://www.vale.com

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. In 2024, Vale sold a minority 10% stake in energy transition metals, its base metals business, likely the first step in separating base metals and iron ore.

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