Euro Manganese (TSXV:EMN) Total Inventories : C$0.38 Mil (As of Jun. 2024)

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What is Euro Manganese Total Inventories?

Euro Manganese's total inventories for the quarter that ended in Jun. 2024 was C$0.38 Mil. Euro Manganese's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was C$0.42 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Euro Manganese's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was C$-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Euro Manganese's Days Inventory for the three months ended in Jun. 2024 was 25.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Euro Manganese's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.51.

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. Euro Manganese's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.32.

Euro Manganese Total Inventories Historical Data

The historical data trend for Euro Manganese'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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Euro Manganese Total Inventories Chart

Euro Manganese Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Total Inventories

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Euro Manganese Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Total Inventories	Get a 7-Day Free Trial															-	-	0.52	0.46	0.38

Euro Manganese 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.

Euro Manganese (TSXV:EMN) 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.

Euro Manganese's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(13.201	+	0.75 * 1.208	+	0.5 * 0.38	-	30.741
-	0	-	0)	/	402.669
=	-0.04

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

Euro Manganese's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.421	/	1.478	*	365 / 4
	=	25.99

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

Euro Manganese's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	1.478	/	0.421
	=	3.51

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.

Euro Manganese's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.421	/	1.314
	=	0.32

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.

Euro Manganese Total Inventories Related Terms

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Euro Manganese Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Euro Manganese Inc (TSXV:EMN) » Definitions » Total Inventories

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EUMNF:USA E06:Germany EMN:Australia

Address

700 West Pender Street, Suite 709, Vancouver, BC, CAN, V6C 1G8

Website

https://www.mn25.ca

Euro Manganese Inc is a Canada-based mineral exploration company. It is mainly engaged in the evaluation and development of the Chvaletice manganese project for the production of high-purity electrolytic manganese metal and high-purity manganese sulphate monohydrate ("HPMSM") and other high-purity manganese products.

Executives

Matthew Peter James	Director, Senior Officer
Andrea Melissa Zaradic	Senior Officer
Martina Blahova	Senior Officer
Marco Antonio Romero	Director, Senior Officer
Jan Votava	Director
Fausto Taddei	Senior Officer
Harvey Neil Mcleod	Director
Roman Shklanka	Director