Lumina Gold (TSXV:LUM) Total Inventories : C$0.00 Mil (As of Dec. 2023)

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What is Lumina Gold Total Inventories?

Lumina Gold's total inventories for the quarter that ended in Dec. 2023 was C$0.00 Mil. Lumina Gold's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 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. Lumina Gold's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.05.

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.

Lumina Gold Total Inventories Historical Data

The historical data trend for Lumina 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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Lumina Gold Total Inventories Chart

Lumina Gold Annual Data

Trend

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Total Inventories

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Lumina Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Lumina 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.

Lumina Gold (TSXV:LUM) 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.

Lumina Gold'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)
=	(18.294	+	0.75 * 0	+	0.5 * 0	-	40.201
-	0	-	0)	/	415.841
=	-0.05

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

Lumina Gold's Days Inventory for the three 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
	=	0	/	0	*	365 / 4
	=

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

Lumina Gold'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 )
	=	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.

Lumina Gold'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 )
	=	0	/	0
	=

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.

Lumina Gold Total Inventories Related Terms

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Lumina Gold (TSXV:LUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lumina Gold Corp (TSXV:LUM) » Definitions » Total Inventories

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LMGDF:USA OMH2:Germany

Address

625 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 2T6

Website

http://www.luminagold.com

Lumina Gold Corp is a precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. Cangrejos is being advanced to a Pre-Feasibility Study and is the largest primary gold deposit in Ecuador. The company has an experienced management team with a successful track record of advancing and monetizing exploration projects. It has one reportable operating segment, being that of the acquisition, exploration and evaluation of mineral properties in Ecuador.

Executives

Martin Raymond Danziger Rip	Senior Officer
Scott Victor Andrew Hicks	Senior Officer

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