Sierra Rutile Holdings (ASX:SRX) Total Inventories : A$92.3 Mil (As of Dec. 2023)

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What is Sierra Rutile Holdings Total Inventories?

Sierra Rutile Holdings's total inventories for the quarter that ended in Dec. 2023 was A$92.3 Mil. Sierra Rutile Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$87.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sierra Rutile Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sierra Rutile Holdings's Days Inventory for the six months ended in Dec. 2023 was 389.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sierra Rutile Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.47.

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. Sierra Rutile Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.86.

Sierra Rutile Holdings Total Inventories Historical Data

The historical data trend for Sierra Rutile Holdings'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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Sierra Rutile Holdings Total Inventories Chart

Sierra Rutile Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

56.62

51.92

92.26

Sierra Rutile Holdings Semi-Annual Data
	Dec22	Jun23	Dec23
Total Inventories	51.92	81.91	92.26

Sierra Rutile Holdings 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.

Sierra Rutile Holdings (ASX:SRX) 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.

Sierra Rutile Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(11.72	+	0.75 * 61.118	+	0.5 * 92.257	-	140.824
-	0	-	0)	/	424.236
=	-0.09

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

Sierra Rutile Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	87.084	/	40.794	*	365 / 2
	=	389.59

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

Sierra Rutile Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	40.794	/	87.084
	=	0.47

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.

Sierra Rutile Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	87.084	/	100.712
	=	0.86

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.

Sierra Rutile Holdings Total Inventories Related Terms

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Sierra Rutile Holdings (ASX:SRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Rutile Holdings Ltd (ASX:SRX) » Definitions » Total Inventories

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Traded in Other Exchanges

SRRHF:USA

Address

225 Saint Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.sierra-rutile.com

Sierra Rutile Holdings Ltd is a multi-mine operation straddling the Bonthe and Moyamba districts in southern Sierra Leone. It offers Titanium Dioxide Feedstocks, Standard Grade Rutile (SGR). Industrial Grade Rutile (IGR), High-grade ilmenite, and Zircon-in-concentrate (ZIC). Sierra Rutile's primary products serve end-use applications namely Pigment; Metal; and Welding end-use applications.

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