New Hope (ASX:NHC) Total Inventories : A$95 Mil (As of Jan. 2024)

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What is New Hope Total Inventories?

New Hope's total inventories for the quarter that ended in Jan. 2024 was A$95 Mil. New Hope's average total inventories from the quarter that ended in Jul. 2023 to the quarter that ended in Jan. 2024 was A$77 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. New Hope's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was A$0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Hope's Days Inventory for the six months ended in Jan. 2024 was 33.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Hope's Inventory Turnover for the quarter that ended in Jan. 2024 was 5.41.

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. New Hope's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.09.

New Hope Total Inventories Historical Data

The historical data trend for New Hope'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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New Hope Total Inventories Chart

New Hope Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Total Inventories

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96.27

80.99

73.34

59.74

59.24

New Hope Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Total Inventories	Get a 7-Day Free Trial															50.66	59.74	70.62	59.24	95.37

New Hope 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.

New Hope (ASX:NHC) 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.

New Hope's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(485.05	+	0.75 * 173.473	+	0.5 * 95.371	-	551.776
-	0	-	0)	/	845.335
=	0.13

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

New Hope's Days Inventory for the six months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	77.305	/	418.462	*	365 / 2
	=	33.71

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

New Hope's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	418.462	/	77.305
	=	5.41

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.

New Hope's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	77.305	/	856.57
	=	0.09

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.

New Hope Total Inventories Related Terms

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New Hope (ASX:NHC) Business Description

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NHPEF:USA OD8:Germany

Address

175 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.newhopegroup.com.au

New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should produce around 13 million metric tons of equity salable thermal coal annually from fiscal 2027, up from around 8 million in fiscal 2023, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 15% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.