Allied Gold (TSX:AAUC) Total Inventories : C$116.0 Mil (As of Mar. 2024)

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What is Allied Gold Total Inventories?

Allied Gold's total inventories for the quarter that ended in Mar. 2024 was C$116.0 Mil. Allied Gold's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was C$117.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Allied Gold's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-2.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Allied Gold's Days Inventory for the three months ended in Mar. 2024 was 57.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Allied Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.58.

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. Allied Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Allied Gold Total Inventories Historical Data

The historical data trend for Allied Gold'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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Allied Gold Total Inventories Chart

Allied Gold Annual Data

Trend

Dec22

Dec23

Total Inventories

86.05

118.88

Allied Gold Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial			86.05	-	97.26	118.88	116.01

Allied Gold 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.

Allied Gold (TSX:AAUC) 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.

Allied Gold's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(169.699	+	0.75 * 0	+	0.5 * 116.008	-	742.463
-	0	-	116.37)	/	250.724
=	-2.52

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

Allied Gold's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	117.445	/	186.05	*	365 / 4
	=	57.60

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

Allied Gold's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	186.05	/	117.445
	=	1.58

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.

Allied Gold's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	117.445	/	236.971
	=	0.50

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.

Allied Gold Total Inventories Related Terms

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Allied Gold (TSX:AAUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Allied Gold Corp (TSX:AAUC) » Definitions » Total Inventories

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Traded in Other Exchanges

AAUCF:USA

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Pacific Centre, Toronto, ON, CAN, M5H 0B4

Website

Allied Gold Corp is a company focused on gold mining asset transformation in Africa. Allied has three mines and several development and exploration projects in Africa where it has significant operating experience. Operations are located in Cote d'Ivoire, Mali, Ethiopia and Egypt. The company aspires to become a mid-tier next-generation gold producer in Africa.

Executives

Gerardo Fernandez-tobar

Senior Officer

Allied Gold (TSX:AAUC) Headlines

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