Red Pine Exploration (TSXV:RPX) Total Inventories : C$0.00 Mil (As of Jan. 2024)

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What is Red Pine Exploration Total Inventories?

Red Pine Exploration's total inventories for the quarter that ended in Jan. 2024 was C$0.00 Mil. Red Pine Exploration's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 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. Red Pine Exploration's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was C$0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red Pine Exploration's Days Inventory for the three months ended in Jan. 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.

Red Pine Exploration Total Inventories Historical Data

The historical data trend for Red Pine 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.

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Red Pine Exploration Total Inventories Chart

Red Pine Exploration Annual Data

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Total Inventories

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Red Pine Exploration Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Red Pine 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.

Red Pine Exploration (TSXV:RPX) 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.

Red Pine Exploration's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(7.748	+	0.75 * 0	+	0.5 * 0	-	1.307
-	0	-	0)	/	190.711
=	0.03

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

Red Pine Exploration's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	0	/	0.043	*	365 / 4
	=	0.00

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

Red Pine Exploration's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	0.043	/	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.

Red Pine Exploration's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	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.

Red Pine Exploration Total Inventories Related Terms

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Red Pine Exploration (TSXV:RPX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Pine Exploration Inc (TSXV:RPX) » Definitions » Total Inventories

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Traded in Other Exchanges

RDEXF:USA RPX:Germany

Address

145 Wellington Street West, Suite 1001, Toronto, ON, CAN, M5J 1H8

Website

https://www.redpineexp.com

Red Pine Exploration Inc is a Canadian precious metals explorer company. It is involved in the identification, acquisition, and development of properties in Ontario, Canada. The company's flagship Wawa Gold Project is located 2km southeast of the Municipality of Wawa, in Northern Ontario. The property, comprising six thousand nine hundred and eighty six hectares, hosts several former mines with a combined historic production of One hundred twenty thousand oz gold.

Executives

Edward William Drew Anwyll

Director

Red Pine Exploration (TSXV:RPX) Headlines

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