Philex Mining (PHS:PX) Total Inventories : ₱1,551 Mil (As of Sep. 2024)

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What is Philex Mining Total Inventories?

Philex Mining's total inventories for the quarter that ended in Sep. 2024 was ₱1,551 Mil. Philex Mining's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ₱1,426 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Philex Mining's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₱-2.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Philex Mining's Days Inventory for the three months ended in Sep. 2024 was 76.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Philex Mining's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.19.

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. Philex Mining's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.72.

Philex Mining Total Inventories Historical Data

The historical data trend for Philex 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.

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Philex Mining Total Inventories Chart

Philex Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,043.75

1,343.37

1,926.46

1,151.09

1,245.13

Philex Mining 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															1,772.05	1,245.13	1,596.36	1,301.57	1,551.01

Philex 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.

Philex Mining (PHS:PX) 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.

Philex Mining'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)
=	(5551.076	+	0.75 * 270.133	+	0.5 * 1551.011	-	20421.194
-	0	-	-0.298)	/	5782.399
=	-2.40

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

Philex Mining'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
	=	1426.2895	/	1694.997	*	365 / 4
	=	76.78

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

Philex Mining'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 )
	=	1694.997	/	1426.2895
	=	1.19

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.

Philex Mining'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 )
	=	1426.2895	/	1991.016
	=	0.72

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.

Philex Mining Total Inventories Related Terms

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Philex Mining Business Description

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PXMFF:USA

Address

Reliance Street Corner Sheridan Street, 2nd Floor, Launchpad, Metro Manila, Mandaluyong, PHL, 1550

Website

https://www.philexmining.com.ph

Philex Mining Corporation is a mining and energy company based in the Philippines. The company is organized across two main business groupings: the mining and metals business, and the energy and hydrocarbon business. The metals business mines copper concentrates to produce copper and by-products of gold and silver. The energy and hydrocarbon business has interests (operating and non-operating) in several oil and gas companies. The metals business's gold and copper output are largely produced by the Padcal Mine in Benguet, Philippines. Production from the Padcal Mine contributes the vast majority of the entire company's revenue.