Critical Minerals Group (ASX:CMG) Total Inventories : A$0.00 Mil (As of Dec. 2023)

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What is Critical Minerals Group Total Inventories?

Critical Minerals Group's total inventories for the quarter that ended in Dec. 2023 was A$0.00 Mil. Critical Minerals Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Critical Minerals Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.03.

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.

Critical Minerals Group Total Inventories Historical Data

The historical data trend for Critical Minerals 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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Critical Minerals Group Total Inventories Chart

Critical Minerals Group Annual Data

Trend

Jun22

Jun23

Total Inventories

Critical Minerals Group Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Total Inventories	-	-	-	-

Critical Minerals 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.

Critical Minerals Group (ASX:CMG) 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.

Critical Minerals Group'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)
=	(0.971	+	0.75 * 0.083	+	0.5 * 0	-	0.125
-	0	-	0)	/	30.8606
=	0.03

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

Critical Minerals Group'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
	=	0	/	0	*	365 / 2
	=

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

Critical Minerals Group'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 )
	=	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.

Critical Minerals Group'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 )
	=	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.

Critical Minerals Group Total Inventories Related Terms

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Critical Minerals Group (ASX:CMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Critical Minerals Group Ltd (ASX:CMG) » Definitions » Total Inventories

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Address

10 Eagle Street, Level 4, Gold Tower, Brisbane, QLD, AUS, 4000

Website

https://www.criticalmineralsgroup.com.au

Critical Minerals Group Ltd is a mineral exploration company seeking to explore and develop prospective critical minerals projects. It holds interest in Lindfield Project, Figtree Creek Project, and Lorena Surrounds Project. The Group is into one operating segment, mining and exploration operations Geographically, it operates in Australia.