Nickel Industries (FRA:NM5) Total Inventories : €183 Mil (As of Dec. 2023)

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What is Nickel Industries Total Inventories?

Nickel Industries's total inventories for the quarter that ended in Dec. 2023 was €183 Mil. Nickel Industries's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €195 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nickel Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nickel Industries's Days Inventory for the six months ended in Dec. 2023 was 57.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nickel Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.18.

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. Nickel Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

Nickel Industries Total Inventories Historical Data

The historical data trend for Nickel Industries'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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Nickel Industries Total Inventories Chart

Nickel Industries Annual Data

Trend

Jun19

Dec20

Dec21

Dec22

Dec23

Total Inventories

7.89

50.38

94.69

193.37

182.89

Nickel Industries Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial							94.69	177.94	193.37	206.21	182.89

Nickel Industries 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.

Nickel Industries (FRA:NM5) 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.

Nickel Industries'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)
=	(710.645	+	0.75 * 263.482	+	0.5 * 182.894	-	1068.034
-	0	-	441.617)	/	4285.81
=	-0.12

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

Nickel Industries'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
	=	194.5515	/	619.092	*	365 / 2
	=	57.35

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

Nickel Industries'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 )
	=	619.092	/	194.5515
	=	3.18

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.

Nickel Industries'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 )
	=	194.5515	/	869.168
	=	0.22

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.

Nickel Industries Total Inventories Related Terms

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Nickel Industries (FRA:NM5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Industries Ltd (FRA:NM5) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

NICMF:USA NIC:Australia

Address

66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.nickelmines.com.au

Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. It holds 80% interest in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (RKEF) plants producing NPI within the Indonesia Morowali Industrial Park (IMIP). Nickel Industries also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine ('Hengjaya Mine'), a large tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.

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