Strandline Resources (ASX:STA) Inventory Turnover : 5.05 (As of Dec. 2023)

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What is Strandline Resources 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. Strandline Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$66.10 Mil. Strandline Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was A$13.09 Mil. Strandline Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strandline Resources's Days Inventory for the six months ended in Dec. 2023 was 36.13.

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. Strandline Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.

Strandline Resources Inventory Turnover Historical Data

The historical data trend for Strandline Resources'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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Strandline Resources Inventory Turnover Chart

Strandline Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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4.47

Strandline Resources 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															-	-	1.46	5.80	5.05

Strandline Resources Inventory Turnover Calculation

Strandline Resources's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	55.473	/ (	(0	+	12.419)	/	1 )
=	55.473	/	12.419
=	4.47

Strandline Resources'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 )
=	66.104	/ (	(12.419	+	13.752)	/	2 )
=	66.104	/	13.0855
=	5.05

Strandline Resources (ASX:STA) 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.

Strandline Resources'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
	=	13.0855	/	66.104	*	365 / 2
	=	36.13

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.

Strandline Resources'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 )
	=	13.0855	/	31.753
	=	0.41

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.

Strandline Resources Inventory Turnover Related Terms

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Strandline Resources (ASX:STA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strandline Resources Ltd (ASX:STA) » Definitions » Inventory Turnover

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Address

216 St Georges Terrace, Level 9, Perth, WA, AUS, 6000

Website

https://www.strandline.com.au

Strandline Resources Ltd is focused on mineral exploration and development in Tanzania and Australia. Its project includes the Portfolio of the Fungoni Mineral Sands Project, the Coburn Mineral Sands Project in Western Australia, the Tanga South (Tajiri) Mineral Sands Project in northern Tanzania, the Bagamoyo Project, and the Fowlers Bay Nickel Project in South Australia. The company generates maximum revenue from Australia.

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