Lithium Exploration Group (Lithium Exploration Group) Total Inventories : $0.00 Mil (As of Mar. 2018)

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What is Lithium Exploration Group Total Inventories?

Lithium Exploration Group's total inventories for the quarter that ended in Mar. 2018 was $0.00 Mil. Lithium Exploration Group's average total inventories from the quarter that ended in Dec. 2017 to the quarter that ended in Mar. 2018 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lithium Exploration Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2018 was $-0.14.

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

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

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.

Lithium Exploration Group Total Inventories Historical Data

The historical data trend for Lithium Exploration Group'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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Lithium Exploration Group Total Inventories Chart

Lithium Exploration Group Annual Data

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Total Inventories

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Lithium Exploration Group Quarterly Data
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Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Lithium Exploration Group 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.

Lithium Exploration Group (GREY:LEXG) 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.

Lithium Exploration Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2018 is

	Net-Net Working Capital Per Share (Q: Mar. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.051	+	0.75 * 0	+	0.5 * 0	-	6.027
-	0	-	-0.352)	/	39.3783
=	-0.14

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

Lithium Exploration Group's Days Inventory for the three months ended in Mar. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2018 )	/	Cost of Goods Sold (Q: Mar. 2018 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

Lithium Exploration Group's Inventory Turnover for the quarter that ended in Mar. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2018 )	/	Average Total Inventories (Q: Mar. 2018 )
	=	0	/	0
	=	N/A

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.

Lithium Exploration Group's Inventory to Revenue for the quarter that ended in Mar. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2018 )	/	Revenue (Q: Mar. 2018 )
	=	0	/	0
	=

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.

Lithium Exploration Group Total Inventories Related Terms

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Lithium Exploration Group (Lithium Exploration Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Exploration Group Inc (GREY:LEXG) » Definitions » Total Inventories

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Address

4635 South Lakeshore Drive, Suite 200, Tempe, AZ, USA, 85282

Website

http://www.lithiumexplorationgroup.com

Lithium Exploration Group Inc is a U.S.-based exploration and development company. It is focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. The company is testing its SonCav Technology for use in the oil and gas industry and the acquisition of oil and gas related assets in Western Canada and Southwest Louisiana. The SonCav technology uses a patented process to mechanically induce an ultrasonic cavitation to superheat fluid. It is focused solely on water and crude oil, but technology is expected to have many other commercial uses including mining, LNG, Ethanol, industrial and other chemical uses in the pharmaceutical industry.

Lithium Exploration Group (Lithium Exploration Group) Headlines

From GuruFocus

Lithium Exploration Group CEO Discusses Ongoing Operations in a Q4 Letter to Shareholders

By PRNewswire PRNewswire • 11-26-2018

Lithium Exploration Group Announces Closing of Oil Acquisition and Initial Revenue to the Company

By PRNewswire PRNewswire • 11-13-2018