San Gold (San Gold) Total Inventories : $3.56 Mil (As of Mar. 2015)

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What is San Gold Total Inventories?

San Gold's total inventories for the quarter that ended in Mar. 2015 was $3.56 Mil. San Gold's average total inventories from the quarter that ended in Dec. 2014 to the quarter that ended in Mar. 2015 was $5.80 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. San Gold's Net-Net Working Capital per share for the quarter that ended in Mar. 2015 was $-0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. San Gold's Days Inventory for the three months ended in Mar. 2015 was 58.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. San Gold's Inventory Turnover for the quarter that ended in Mar. 2015 was 1.55.

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. San Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2015 was 0.52.

San Gold Total Inventories Historical Data

The historical data trend for San Gold'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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San Gold Total Inventories Chart

San Gold Annual Data

Trend

Aug05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Total Inventories

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8.52

14.12

14.89

12.07

8.04

San Gold Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Total Inventories	Get a 7-Day Free Trial															14.49	9.41	8.73	8.04	3.56

San Gold 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.

San Gold (OTCPK:SGRCF) 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.

San Gold's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2015 is

	Net-Net Working Capital Per Share (Q: Mar. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.285	+	0.75 * 0.822	+	0.5 * 3.556	-	43.532
-	0	-	0)	/	373.391
=	-0.11

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

San Gold's Days Inventory for the three months ended in Mar. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2015 )	/	Cost of Goods Sold (Q: Mar. 2015 )	*	Days in Period
	=	5.7975	/	8.975	*	365 / 4
	=	58.94

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

San Gold's Inventory Turnover for the quarter that ended in Mar. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2015 )	/	Average Total Inventories (Q: Mar. 2015 )
	=	8.975	/	5.7975
	=	1.55

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.

San Gold's Inventory to Revenue for the quarter that ended in Mar. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2015 )	/	Revenue (Q: Mar. 2015 )
	=	5.7975	/	11.154
	=	0.52

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.

San Gold Total Inventories Related Terms

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San Gold (San Gold) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » San Gold Corp (OTCPK:SGRCF) » Definitions » Total Inventories

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Address

1661 Portage Avenue, Suite 212, Winnipeg, MB, CAN, R3J 3T7

Website

http://www.sangold.ca

San Gold Corp is a Canada-based gold exploration and mining company. The company's main business operations consist of the exploration for and production of gold, primarily in the Bissett area of the Province of Manitoba, Canada. The company produces gold from the Rice Lake Mine, the Hinge Mine, and the 007 Mine. San Gold also owns or is earning an interest in certain mineral claims in Ontario, primarily in the Kenora and Timmins areas. The majority of the company's mineral resources and reserves occur within the Rice Lake Mining Complex area.

San Gold (San Gold) Headlines

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