Sherritt International (Sherritt International) Change In Inventory : $-8.2 Mil (TTM As of Mar. 2024)

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What is Sherritt International Change In Inventory?

Sherritt International's change in inventory for the quarter that ended in Mar. 2024 was $-5.0 Mil. It means Sherritt International's inventory increased by $5.0 Mil from Dec. 2023 to Mar. 2024 .

Sherritt International's change in inventory for the fiscal year that ended in Dec. 2023 was $-7.8 Mil. It means Sherritt International's inventory increased by $7.8 Mil from Dec. 2022 to Dec. 2023 .

Sherritt International's Total Inventories for the quarter that ended in Mar. 2024 was $33.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sherritt International's Days Inventory for the quarter that ended in Mar. 2024 was 142.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sherritt International's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.64.

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. Sherritt International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.49.

Sherritt International Change In Inventory Historical Data

The historical data trend for Sherritt International's Change In Inventory 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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Sherritt International Change In Inventory Chart

Sherritt International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-2.05

5.15

-4.30

-5.30

-7.83

Sherritt International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-4.60	7.98	-12.71	1.57	-5.02

Sherritt International Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.2 Mil.

Sherritt International (OTCPK:SHERF) Change In Inventory Explanation

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

Sherritt International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	31.677	/	20.317	*	365 / 4
	=	142.27

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.317	/	31.677
	=	0.64

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	31.677	/	21.277
	=	1.49

Sherritt International Change In Inventory Related Terms

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Sherritt International (Sherritt International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sherritt International Corp (OTCPK:SHERF) » Definitions » Change In Inventory

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HRT:Germany S:Canada

Address

22 Adelaide Street West, Suite 4220, Toronto, ON, CAN, M5H 4E3

Website

https://www.sherritt.com

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture's nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.