Ten Sixty Four (Ten Sixty Four) Inventory Turnover : 2.41 (As of Dec. 2022)

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What is Ten Sixty Four Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ten Sixty Four's Cost of Goods Sold for the six months ended in Dec. 2022 was $63.4 Mil. Ten Sixty Four's Average Total Inventories for the quarter that ended in Dec. 2022 was $26.3 Mil. Ten Sixty Four's Inventory Turnover for the quarter that ended in Dec. 2022 was 2.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ten Sixty Four's Days Inventory for the six months ended in Dec. 2022 was 75.65.

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. Ten Sixty Four's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.28.

Ten Sixty Four Inventory Turnover Historical Data

The historical data trend for Ten Sixty Four's Inventory Turnover 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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Ten Sixty Four Inventory Turnover Chart

Ten Sixty Four Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

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5.70

6.04

6.07

6.53

4.28

Ten Sixty Four Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Inventory Turnover	Get a 7-Day Free Trial															4.13	3.12	3.18	1.91	2.41

Ten Sixty Four Inventory Turnover Calculation

Ten Sixty Four's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	101.291	/ (	(16.697	+	30.659)	/	2 )
=	101.291	/	23.678
=	4.28

Ten Sixty Four's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	63.436	/ (	(30.659	+	21.932)	/	2 )
=	63.436	/	26.2955
=	2.41

Ten Sixty Four (OTCPK:MDSMF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Ten Sixty Four's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	26.2955	/	63.436	*	365 / 2
	=	75.65

2. 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.

Ten Sixty Four's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	26.2955	/	95.465
	=	0.28

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ten Sixty Four Inventory Turnover Related Terms

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Ten Sixty Four (Ten Sixty Four) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ten Sixty Four Ltd (OTCPK:MDSMF) » Definitions » Inventory Turnover

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Address

1209 Hay Street, Suite 3, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.x64.gold

Ten Sixty Four Ltd is an Australian based gold producer company. It is engaged in the mineral exploration, evaluation, development, and production of properties. The company's segments include Mining, Exploration, and Other. The Mining segment generates all of its revenues. Its projects include the Co-O mine, Philippines exploration, and Queensland projects. It derives revenue from the sale of gold and silver. Its geographical segments include Australia, the Philippines, and Hong Kong, of which all of the revenues are generated from Hong Kong.