Jervois Global (ASX:JRV) Inventory Turnover : 1.57 (As of Dec. 2023)

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What is Jervois Global 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. Jervois Global's Cost of Goods Sold for the six months ended in Dec. 2023 was A$123.2 Mil. Jervois Global's Average Total Inventories for the quarter that ended in Dec. 2023 was A$78.7 Mil. Jervois Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jervois Global's Days Inventory for the six months ended in Dec. 2023 was 116.55.

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. Jervois Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.65.

Jervois Global Inventory Turnover Historical Data

The historical data trend for Jervois Global'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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Jervois Global Inventory Turnover Chart

Jervois Global Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Inventory Turnover

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2.03

3.44

2.84

Jervois Global 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															-	1.18	1.44	1.73	1.57

Jervois Global Inventory Turnover Calculation

Jervois Global'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 )
=	341.895	/ (	(167.459	+	73.16)	/	2 )
=	341.895	/	120.3095
=	2.84

Jervois Global'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 )
=	123.206	/ (	(84.203	+	73.16)	/	2 )
=	123.206	/	78.6815
=	1.57

Jervois Global (ASX:JRV) 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.

Jervois Global'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
	=	78.6815	/	123.206	*	365 / 2
	=	116.55

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.

Jervois Global'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 )
	=	78.6815	/	120.971
	=	0.65

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.

Jervois Global Inventory Turnover Related Terms

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Jervois Global (ASX:JRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jervois Global Ltd (ASX:JRV) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

JRVMF:USA IHS:Germany JRV:Canada

Address

1-11 Gordon Street, Suite 2.03, Cremorne, VIC, AUS, 3121

Website

https://www.jervoisglobal.com

Jervois Global Ltd is a cobalt company with nickel and copper exposure, refinery assets, and growth opportunities. The company's project includes Idaho Cobalt, Sao Miguel Paulista Refinery, Nico Young, and other non-core assets.

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