Asante Gold (XCNQ:ASE) Total Inventories : C$115.0 Mil (As of Oct. 2024)

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What is Asante Gold Total Inventories?

Asante Gold's total inventories for the quarter that ended in Oct. 2024 was C$115.0 Mil. Asante Gold's average total inventories from the quarter that ended in Jul. 2024 to the quarter that ended in Oct. 2024 was C$106.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Asante Gold's Net-Net Working Capital per share for the quarter that ended in Oct. 2024 was C$-1.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asante Gold's Days Inventory for the three months ended in Oct. 2024 was 65.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asante Gold's Inventory Turnover for the quarter that ended in Oct. 2024 was 1.40.

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. Asante Gold's Inventory-to-Revenue for the quarter that ended in Oct. 2024 was 0.70.

Asante Gold Total Inventories Historical Data

The historical data trend for Asante 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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Asante Gold Total Inventories Chart

Asante Gold Annual Data

Trend

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Jan24

Total Inventories

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83.76

72.19

Asante Gold Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Inventories	Get a 7-Day Free Trial															78.87	72.19	92.12	97.61	115.01

Asante 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.

Asante Gold (XCNQ:ASE) 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.

Asante Gold's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2024 is

	Net-Net Working Capital Per Share (Q: Oct. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(36.279	+	0.75 * 0.321	+	0.5 * 115.009	-	928.426
-	0	-	24.741)	/	469.190
=	-1.83

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

Asante Gold's Days Inventory for the three months ended in Oct. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2024 )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
	=	106.3085	/	148.442	*	365 / 4
	=	65.35

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

Asante Gold's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2024 )	/	Average Total Inventories (Q: Oct. 2024 )
	=	148.442	/	106.3085
	=	1.40

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.

Asante Gold's Inventory to Revenue for the quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	106.3085	/	152.895
	=	0.70

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.

Asante Gold Total Inventories Related Terms

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Asante Gold Business Description

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ASGOF:USA 1A9:Germany

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration-stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.

Executives

Malik Mohammed Easah	Director
David Harold Anthony	Senior Officer
Eben Swanepoel	Senior Officer
Alexandre Nicolas Heath	Director
Douglas Richard Macquarrie	Director
Goknet Mining Company Limited	10% Security Holder
Florian Riedl-riedenstein	Director

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