Image Resources NL (ASX:IMA) Inventory Turnover : 2.62 (As of Dec. 2023)

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What is Image Resources NL 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. Image Resources NL's Cost of Goods Sold for the six months ended in Dec. 2023 was A$34.5 Mil. Image Resources NL's Average Total Inventories for the quarter that ended in Dec. 2023 was A$13.2 Mil. Image Resources NL's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Image Resources NL's Days Inventory for the six months ended in Dec. 2023 was 69.55.

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. Image Resources NL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Image Resources NL Inventory Turnover Historical Data

The historical data trend for Image Resources NL'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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Image Resources NL Inventory Turnover Chart

Image Resources NL Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.96

4.11

3.88

3.25

4.97

Image Resources NL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.87	1.69	1.59	1.54	2.62

Image Resources NL Inventory Turnover Calculation

Image Resources NL'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 )
=	74.594	/ (	(27.95	+	2.077)	/	2 )
=	74.594	/	15.0135
=	4.97

Image Resources NL'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 )
=	34.516	/ (	(24.231	+	2.077)	/	2 )
=	34.516	/	13.154
=	2.62

Image Resources NL (ASX:IMA) 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.

Image Resources NL'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
	=	13.154	/	34.516	*	365 / 2
	=	69.55

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.

Image Resources NL'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 )
	=	13.154	/	38.073
	=	0.35

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.

Image Resources NL Inventory Turnover Related Terms

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Image Resources NL (ASX:IMA) Business Description

Industry

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I5R:Germany

Address

Level 2, 7 Ventnor Avenue, West Perth, Perth, WA, AUS, 6005

Website

http://www.imageres.com.au

Image Resources NL is a mineral sands producer. It is focused on the development of its high-grade Boonanarring Project in the North Perth Basin. The company's projects are Exploration Projects, Boonanarring and Atlas Development Project, North Perth Basin High-Grade Resources, North Perth Basin Large Scale Resources, and others. It operates in only one segment, minerals sands production and exploration . The Group's revenue is derived from sources and assets located within Australia.

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