MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Total Inventories : $0.00 Mil (As of Mar. 2021)

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What is MMX Mineracao E Metalicos Total Inventories?

MMX Mineracao E Metalicos's total inventories for the quarter that ended in Mar. 2021 was $0.00 Mil. MMX Mineracao E Metalicos's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Mar. 2021 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. MMX Mineracao E Metalicos's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was $-26.54.

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.

MMX Mineracao E Metalicos Total Inventories Historical Data

The historical data trend for MMX Mineracao E Metalicos'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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MMX Mineracao E Metalicos Total Inventories Chart

MMX Mineracao E Metalicos Annual Data

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Total Inventories

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0.01

MMX Mineracao E Metalicos Quarterly Data
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Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

MMX Mineracao E Metalicos 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.

MMX Mineracao E Metalicos (GREY:MMXXF) 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.

MMX Mineracao E Metalicos's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 is

	Net-Net Working Capital Per Share (Q: Mar. 2021 )
=	(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	-	172.547
-	0	-	-0.293)	/	6.488
=	-26.54

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

MMX Mineracao E Metalicos's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

MMX Mineracao E Metalicos's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2021 )	/	Average Total Inventories (Q: Mar. 2021 )
	=	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.

MMX Mineracao E Metalicos's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	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.

MMX Mineracao E Metalicos Total Inventories Related Terms

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MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMX Mineracao E Metalicos SA (GREY:MMXXF) » Definitions » Total Inventories

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Address

Rua Lauro Muller, 116 sala 1808, Botafogo Rio de Janeiro, Rio de Janeiro, RJ, BRA, 22290-160

Website

http://www.mmx.com.br

MMX Mineracao E Metalicos SA (MMX) is a Brazil-based company engaged in iron ore mining. The company has installed capacity to produce about 7 million metric tons of iron ore per year in its two systems, namely The Southeast System and the Corumba System. The Southeast System is formed by the Serra Azul and Bom Sucesso Units. It exploits the Tico-Tico and Ipe mines, located in the Serra Azul Region-in the iron mining area of Minas Gerais State. The company has also acquired the mining rights for the Pau de Vinho Mine. The iron ore produced by the Serra Azul Unit is sold to customers in Brazil and other countries.

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