Direct Nickel (ASX:DIR) Inventory Turnover : 0.00 (As of Dec. 2014)

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What is Direct Nickel 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. Direct Nickel's Cost of Goods Sold for the six months ended in Dec. 2014 was A$0.00 Mil. Direct Nickel's Average Total Inventories for the quarter that ended in Dec. 2014 was A$0.00 Mil.

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

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. Direct Nickel's Inventory-to-Revenue for the quarter that ended in Dec. 2014 was 0.00.

Direct Nickel Inventory Turnover Historical Data

The historical data trend for Direct Nickel'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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Direct Nickel Inventory Turnover Chart

Direct Nickel Annual Data

Trend

Jun05

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Jun07

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Jun13

Jun14

Inventory Turnover

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Direct Nickel Semi-Annual Data
	Jun04	Dec04	Jun05	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Direct Nickel Inventory Turnover Calculation

Direct Nickel's Inventory Turnover for the fiscal year that ended in Jun. 2014 is calculated as

	Inventory Turnover (A: Jun. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2014 )	/ (	(Total Inventories (A: Jun. 2013 )	+	Total Inventories (A: Jun. 2014 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Direct Nickel's Inventory Turnover for the quarter that ended in Dec. 2014 is calculated as

	Inventory Turnover (Q: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2014 )	/ (	(Total Inventories (Q: Jun. 2014 )	+	Total Inventories (Q: Dec. 2014 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Direct Nickel (ASX:DIR) 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.

Direct Nickel's Days Inventory for the six months ended in Dec. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2014 )	/	Cost of Goods Sold (Q: Dec. 2014 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

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.

Direct Nickel's Inventory to Revenue for the quarter that ended in Dec. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2014 )	/	Revenue (Q: Dec. 2014 )
	=	0	/	0.005
	=	0.00

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.

Direct Nickel Inventory Turnover Related Terms

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Direct Nickel (ASX:DIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Direct Nickel Ltd (ASX:DIR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Website

http://www.directnickel.com

Direct Nickel Ltd is incorporated and domiciled in Australia. The Company is engaged in the research and development of nickel processing technology within the Oceania region. The Company has operations in Sydney and Perth. It also operates in Indonesia through its subsidiary, PT Direct Nickel with offices in Jakarta and has a 50% interest in a laterite deposit in Papua New Guinea.

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