Xiana Mining (TSXV:XIA.H) Total Inventories : C$0.00 Mil (As of Sep. 2020)

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What is Xiana Mining Total Inventories?

Xiana Mining's total inventories for the quarter that ended in Sep. 2020 was C$0.00 Mil. Xiana Mining's average total inventories from the quarter that ended in Jun. 2020 to the quarter that ended in Sep. 2020 was C$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Xiana Mining's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was C$-1.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiana Mining's Days Inventory for the three months ended in Sep. 2020 was 0.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Xiana Mining's Inventory Turnover for the quarter that ended in Sep. 2020 was 204.67.

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.

Xiana Mining Total Inventories Historical Data

The historical data trend for Xiana 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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Xiana Mining Total Inventories Chart

Xiana Mining Annual Data

Trend

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Total Inventories

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1.01

Xiana Mining Quarterly Data
	Jul15	Oct15	Jan16	Apr16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Total Inventories	Get a 7-Day Free Trial															2.23	1.01	3.25	-	-

Xiana 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.

Xiana Mining (TSXV:XIA.H) 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.

Xiana Mining's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 is

	Net-Net Working Capital Per Share (Q: Sep. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.003	+	0.75 * 0.288	+	0.5 * 0	-	87.372
-	0	-	0)	/	57.5077
=	-1.52

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

Xiana Mining's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	0.0015	/	0.307	*	365 / 4
	=	0.45

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

Xiana Mining's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2020 )	/	Average Total Inventories (Q: Sep. 2020 )
	=	0.307	/	0.0015
	=	204.67

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.

Xiana Mining's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	0.0015	/	-0.754
	=

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.

Xiana Mining Total Inventories Related Terms

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Xiana Mining (TSXV:XIA.H) Business Description

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Address

837 West Hastings Street, Suite 507, Vancouver, BC, CAN, V6C 3N6

Website

https://www.xianamining.com

Xiana Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company focuses on exploration for precious and base metals in its property interest. Its exploration activities are focused on mineral claim blocks grouped into the Central Zone, North Zone, and South Zone. It produces copper-gold concentrates from the Minera Altos De Punitaqui in Chile.

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