WFRSF (West African Resources) Total Inventories : $85.0 Mil (As of Dec. 2024)

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What is West African Resources Total Inventories?

West African Resources's total inventories for the quarter that ended in Dec. 2024 was $85.0 Mil. West African Resources's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Dec. 2024 was $76.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. West African Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. West African Resources's Days Inventory for the six months ended in Dec. 2024 was 142.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. West African Resources's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.28.

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. West African Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.32.

West African Resources Total Inventories Historical Data

The historical data trend for West African Resources'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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West African Resources Total Inventories Chart

West African Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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39.12

42.19

45.91

69.56

84.98

West African Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial															45.91	60.43	69.56	68.25	84.98

West African Resources 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.

West African Resources (OTCPK:WFRSF) 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.

West African Resources's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(248.049	+	0.75 * 0	+	0.5 * 84.975	-	418.254
-	0	-	42.364)	/	1139.777
=	-0.15

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

West African Resources's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	76.6145	/	97.972	*	365 / 2
	=	142.72

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

West African Resources's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	97.972	/	76.6145
	=	1.28

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.

West African Resources's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	76.6145	/	242.716
	=	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.

West African Resources Total Inventories Related Terms

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West African Resources Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West African Resources Ltd (OTCPK:WFRSF) » Definitions » Total Inventories

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Traded in Other Exchanges

W25:Germany WAF:Australia

Address

1 Alvan Street, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.westafricanresources.com

West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The operating segments of the Company that includes Mining Operations: comprise the Sanbrado Gold Project operation located in Burkina Faso. Construction and E&E segment comprises mines under construction andexploration and evaluation (E&E) projects in locations other than Sanbrado.