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Goldrich Mining Co's total inventories for the quarter that ended in Sep. 2023 was $0.00 Mil. Goldrich Mining Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $0.00 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Goldrich Mining Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.07.
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.
The historical data trend for Goldrich Mining Co'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.
Goldrich Mining Co Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Goldrich Mining Co Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Goldrich Mining Co (OTCPK:GRMC) 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.
Goldrich Mining Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is
Net-Net Working Capital Per Share (Q: Sep. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (0.026 | + | 0.75 * 0 | + | 0.5 * 0 | - | 12.853 |
- | 0.271 | - | 0) | / | 196.56 | ||
= | -0.07 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Goldrich Mining Co's Days Inventory for the three months ended in Sep. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2023 ) | / | Cost of Goods Sold (Q: Sep. 2023 ) | * | Days in Period |
= | 0 | / | 0 | * | 365 / 4 | |
= |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Goldrich Mining Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2023 ) | / | Average Total Inventories (Q: Sep. 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.
Goldrich Mining Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2023 ) | / | Revenue (Q: Sep. 2023 ) |
= | 0 | / | 0 | |
= |
* 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.
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.
Thank you for viewing the detailed overview of Goldrich Mining Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Ted Riley Sharp | officer: Chief Financial Officer | 714 WHISPERWOOD COURT, NAMPA ID 83686 |
William Orchow | director | 87 P STREET, SALT LAKE CITY UT 84103 |
William V Schara | director | 3221 S REBECCA STREET, SPOKANE WA 99223 |
Nicholas Gallagher | 10 percent owner | 5 CHURCHFIELDS, THE K CLUB, STRAFFAN, KILDARE L2 0000 |
David Atkinson | director, 10 percent owner | 2754 NW CROSSING DRIVE, SUITE 205, BEND OR 97701 |
Stephen M Vincent | director | 255 MAPLE HILL ROAD, HOPKINS MN 55343 |
Michael Grant Rasmussen | director | 17412 N. MEADOVIEW LANE, NINE MILE FALLS WA 99026 |
Garrick Allen Mendham | director | P. O. BOX 668, KINGSFORD NSW C3 2032 |
Regent Pacific Group Ltd | 10 percent owner | SUITE 1001, HENLEY BUILDING, 5 QUEENS'S ROAD CENTRAL, HONG KONG K3 00000 |
Charles G Bigelow | director | 11562 DISCOVERY HEIGHTS CIRCLE, ANCHORAGE AK 99515 |
Kenneth S Eickerman | director | |
Forza Capital Management, L.l.c. | director, 10 percent owner | 2754 NW CROSSING DRIVE, SUITE 205, BEND OR 97701 |
Rab Special Situations (master) Fund Ltd | 10 percent owner | P.O. BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104 |
Rodney Alan Blakestad | officer: VP - exploration | 1602 W. PLACITA SIN NIEVE, SAHUARITA AZ 85629 |
Robert G Pate | officer: VP Operations | 8620 E PARKSIDE LANE, SPOKANE WA 99217 |
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