Rana Gruber ASA (OSTO:RANAO) Total Inventories : kr192 Mil (As of Sep. 2024)

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What is Rana Gruber ASA Total Inventories?

Rana Gruber ASA's total inventories for the quarter that ended in Sep. 2024 was kr192 Mil. Rana Gruber ASA's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was kr183 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Rana Gruber ASA's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was kr-12.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rana Gruber ASA's Days Inventory for the three months ended in Sep. 2024 was 124.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rana Gruber ASA's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.74.

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. Rana Gruber ASA's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.47.

Rana Gruber ASA Total Inventories Historical Data

The historical data trend for Rana Gruber ASA'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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Rana Gruber ASA Total Inventories Chart

Rana Gruber ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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27.43

35.11

89.22

159.92

194.70

Rana Gruber ASA Quarterly Data
	Sep19	Dec19	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															178.03	194.70	236.51	174.50	192.27

Rana Gruber ASA 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.

Rana Gruber ASA (OSTO:RANAo) 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.

Rana Gruber ASA'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)
=	(57.293	+	0.75 * 145.022	+	0.5 * 192.274	-	720.371
-	0	-	0)	/	37.0851
=	-12.35

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

Rana Gruber ASA'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
	=	183.3845	/	134.804	*	365 / 4
	=	124.13

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

Rana Gruber ASA'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 )
	=	134.804	/	183.3845
	=	0.74

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.

Rana Gruber ASA'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 )
	=	183.3845	/	388.615
	=	0.47

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.

Rana Gruber ASA Total Inventories Related Terms

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Rana Gruber ASA Business Description

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RANA:Norway 7XH:Germany

Address

Mjolanveien 29, Mo i Rana, NOR, 8622

Website

https://www.ranagruber.no

Rana Gruber ASA is a sustainable iron ore producer in Norway. It is engaged in the excavating, processing and sale of iron oxide in the form of hematite, magnetite and iron oxide pigments. Hematite is used for iron and steel production in smelting plants in Europe and magnetite is used in industrial water purification processes. The iron ore production takes place at the group's iron ore deposits at Ortfjell as open-pit production and underground operation. It produces and sells iron ore concentrate, and mainly serves steel producers and participants in the chemical industry.The majority of revenue from contracts with customers arise from the sale of hematite products.

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