Adriatic Metals (Adriatic Metals) Inventory Turnover : 0.32 (As of Dec. 2023)

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What is Adriatic Metals 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. Adriatic Metals's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.49 Mil. Adriatic Metals's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.55 Mil. Adriatic Metals's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Adriatic Metals's Days Inventory for the six months ended in Dec. 2023 was 576.06.

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.

Adriatic Metals Inventory Turnover Historical Data

The historical data trend for Adriatic Metals'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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Adriatic Metals Inventory Turnover Chart

Adriatic Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Inventory Turnover

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0.56

Adriatic Metals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							-	-	-	-	0.32

Adriatic Metals Inventory Turnover Calculation

Adriatic Metals's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0.866	/ (	(0	+	1.553)	/	1 )
=	0.866	/	1.553
=	0.56

Adriatic Metals's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.492	/ (	(0	+	1.553)	/	1 )
=	0.492	/	1.553
=	0.32

Adriatic Metals (OTCPK:ADMLF) 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.

Adriatic Metals's Days Inventory for the six 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
	=	1.553	/	0.492	*	365 / 2
	=	576.06

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.

Adriatic Metals'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 )
	=	1.553	/	0
	=

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.

Adriatic Metals Inventory Turnover Related Terms

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Adriatic Metals (Adriatic Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adriatic Metals PLC (OTCPK:ADMLF) » Definitions » Inventory Turnover

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ADTLF:USA ADT1l:UK ADT1:UK 3FN:Germany ADT:Australia

Address

65 Rodney Road, Ground Floor, Regent House, Cheltenham, GBR, GL50 1HX

Website

https://www.adriaticmetals.com

Adriatic Metals PLC is engaged in mineral exploration. The projects of the company are The Veovaca and The Raska. The Veovaca is historic open-cut zinc, lead, barite, and silver mine and the Raska project is an advanced exploration project which exhibits exceptionally high grades of the base and precious metals and is located approximately 17km North-West of the Veovaca Project.

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