Stornoway Diamond (TSX:SWY) Change In Inventory : C$-6.4 Mil (TTM As of Jun. 2019)

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What is Stornoway Diamond Change In Inventory?

Stornoway Diamond's change in inventory for the quarter that ended in Jun. 2019 was C$5.1 Mil. It means Stornoway Diamond's inventory declined by C$5.1 Mil from Mar. 2019 to Jun. 2019 .

Stornoway Diamond's change in inventory for the fiscal year that ended in Dec. 2018 was C$-5.7 Mil. It means Stornoway Diamond's inventory increased by C$5.7 Mil from Dec. 2017 to Dec. 2018 .

Stornoway Diamond's Total Inventories for the quarter that ended in Jun. 2019 was C$58.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stornoway Diamond's Days Inventory for the quarter that ended in Jun. 2019 was 73.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Stornoway Diamond's Inventory Turnover for the quarter that ended in Jun. 2019 was 1.23.

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. Stornoway Diamond's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.33.

Stornoway Diamond Change In Inventory Historical Data

The historical data trend for Stornoway Diamond'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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Stornoway Diamond Change In Inventory Chart

Stornoway Diamond Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Change In Inventory

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-0.91

-39.89

-1.68

-5.67

Stornoway Diamond Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Change In Inventory	Get a 7-Day Free Trial															12.57	-2.51	-10.88	1.85	5.08

Stornoway Diamond 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 Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-6.4 Mil.

Stornoway Diamond (TSX:SWY) Change In Inventory Explanation

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

Stornoway Diamond's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	62.627	/	77.3	*	365 / 4
	=	73.93

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

Stornoway Diamond's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	77.3	/	62.627
	=	1.23

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.

Stornoway Diamond's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	62.627	/	189.431
	=	0.33

Stornoway Diamond Change In Inventory Related Terms

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Stornoway Diamond (TSX:SWY) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stornoway Diamond Corp (TSX:SWY) » Definitions » Change In Inventory

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Address

1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4

Website

http://www.stornowaydiamonds.com

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

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