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Azimut Exploration (TSXV:AZM) Total Inventories : C$0.00 Mil (As of Feb. 2024)


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What is Azimut Exploration Total Inventories?

Azimut Exploration's total inventories for the quarter that ended in Feb. 2024 was C$0.00 Mil. Azimut Exploration's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was C$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Azimut Exploration's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was C$0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Azimut Exploration's Days Inventory for the three months ended in Feb. 2024 was 0.00.

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. Azimut Exploration's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.00.


Azimut Exploration Total Inventories Historical Data

The historical data trend for Azimut Exploration'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.

* Premium members only.

Azimut Exploration Total Inventories Chart

Azimut Exploration Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Total Inventories
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Azimut Exploration Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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Azimut Exploration 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.


Azimut Exploration  (TSXV:AZM) 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.

Azimut Exploration's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

Net-Net Working Capital Per Share (Q: Feb. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(8.631+0.75 * 1.737+0.5 * 0-6.259
-0-0)/85.3936
=0.04

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

Azimut Exploration's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Feb. 2024 )/Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=0/0.036*365 / 4
=0.00

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

Azimut Exploration's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Feb. 2024 ) / Average Total Inventories (Q: Feb. 2024 )
=0.036 / 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.

Azimut Exploration's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Feb. 2024 ) / Revenue (Q: Feb. 2024 )
=0 / 0.107
=0.00

* 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.


Azimut Exploration Total Inventories Related Terms

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Azimut Exploration (TSXV:AZM) Business Description

Traded in Other Exchanges
Address
110 Rue De La Barre, Bureau 224, Longueuil, QC, CAN, J4K 1A3
Azimut Exploration Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. Its projects include Elmer property, JB lithium propety, Wabamisk property, Chromaska property and others in the James Bay region and Rex-Duquet, Nantais, Doran property and others in the Nunavik region of Quebec. It mainly explores gold, nickel, lithium, chromium and other minerals and metals.
Executives
Jonathan Rosset Senior Officer
Christiane Bergevin Director

Azimut Exploration (TSXV:AZM) Headlines

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