Fortress Minerals (SGX:OAJ) Total Inventories : S$4.49 Mil (As of Aug. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Fortress Minerals Total Inventories?

Fortress Minerals's total inventories for the quarter that ended in Aug. 2023 was S$4.49 Mil. Fortress Minerals's average total inventories from the quarter that ended in May. 2023 to the quarter that ended in Aug. 2023 was S$5.14 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fortress Minerals's Net-Net Working Capital per share for the quarter that ended in Aug. 2023 was S$-0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fortress Minerals's Days Inventory for the three months ended in Aug. 2023 was 59.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortress Minerals's Inventory Turnover for the quarter that ended in Aug. 2023 was 1.54.

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. Fortress Minerals's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.22.

Fortress Minerals Total Inventories Historical Data

The historical data trend for Fortress 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.

* Premium members only.

Fortress Minerals Total Inventories Chart

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Total Inventories

Get a 7-Day Free Trial

1.20

1.37

4.18

6.22

4.22

Fortress Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Total Inventories	Get a 7-Day Free Trial															5.57	6.22	5.80	4.49	4.22

Fortress 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.

Fortress Minerals (SGX:OAJ) 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.

Fortress Minerals's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2023 is

	Net-Net Working Capital Per Share (Q: Aug. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(13.973	+	0.75 * 6.912	+	0.5 * 4.488	-	35.31
-	0	-	-0.038)	/	523.316
=	-0.03

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

Fortress Minerals's Days Inventory for the three months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	5.1435	/	7.928	*	365 / 4
	=	59.20

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

Fortress Minerals's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2023 )	/	Average Total Inventories (Q: Aug. 2023 )
	=	7.928	/	5.1435
	=	1.54

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.

Fortress Minerals's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	5.1435	/	23.392
	=	0.22

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.

Fortress Minerals Total Inventories Related Terms

Thank you for viewing the detailed overview of Fortress Minerals's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortress Minerals (SGX:OAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

Fortress Minerals (SGX:OAJ) Headlines

No Headlines