MGXMF (MGX Minerals) Total Inventories: $0.00 Mil (As of Apr. 2021)


What is MGX Minerals Total Inventories?

MGX Minerals MGXMF -95.00% Total Inventories is $0.00 Mil as of Apr. 2021.

MGX Minerals's total inventories for the quarter that ended in Apr. 2021 was $0.00 Mil. MGX Minerals's average total inventories from the quarter that ended in Jan. 2021 to the quarter that ended in Apr. 2021 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. MGX Minerals's Net-Net Working Capital per share for the quarter that ended in Apr. 2021 was $-0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MGX Minerals's Days Inventory for the three months ended in Apr. 2021 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.

MGX Minerals  (OTCPK:MGXMF) 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.

MGX Minerals's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2021 is

Net-Net Working Capital Per Share (Q: Apr. 2021 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.01+0.75 * 0+0.5 * 0-12.433
-0-1.591)/156.640
=-0.09

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

MGX Minerals's Days Inventory for the three months ended in Apr. 2021 is calculated as:

Days Inventory=Average Total Inventories (Q: Apr. 2021 )/Cost of Goods Sold (Q: Apr. 2021 )*Days in Period
=0/0.007*365 / 4
=0.00

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

MGX Minerals's Inventory Turnover for the quarter that ended in Apr. 2021 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Apr. 2021 ) / Average Total Inventories (Q: Apr. 2021 )
=0.007 / 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.

MGX Minerals's Inventory to Revenue for the quarter that ended in Apr. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2021 ) / Revenue (Q: Apr. 2021 )
=0 / 0
=

* 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.

MGX Minerals Total Inventories Related Terms

MGX Minerals Total Inventories Historical Data

* Premium members only.

The historical data trend for MGX Minerals'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.

MGX Minerals Total Inventories Chart

MGX Minerals Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Total Inventories
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

MGX Minerals Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21
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 0.00 0.00 0.00 0.00 0.00

MGX Minerals 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 $0.00 Mil mean?
MGX Minerals (MGXMF) has a Total Inventories of $0.00 Mil as of Apr. 2021. The total amount of inventory as recorded on a company's balance sheet. View historical data for MGX Minerals and its competitors.
Is MGX Minerals' Total Inventories too high?
MGX Minerals' current Total Inventories is $0.00 Mil.
How does MGX Minerals' Total Inventories compare to competitors?
MGX Minerals' Total Inventories of $0.00 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 MGX Minerals and its competitors. MGX Minerals's current Total Inventories is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Minerals stock overvalued right now?
MGX Minerals (MGXMF) has a current Total Inventories of $0.00 Mil. The current Total Inventories is $0.00 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 MGX Minerals (MGXMF), the current Total Inventories is $0.00 Mil as of Apr. 2021. 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.

MGX Minerals Business Description

Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.