Atlas African Industries (LSE:AAI) Inventory Turnover : 0.30 (As of Jun. 2016)

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What is Atlas African Industries 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. Atlas African Industries's Cost of Goods Sold for the six months ended in Jun. 2016 was £0.02 Mil. Atlas African Industries's Average Total Inventories for the quarter that ended in Jun. 2016 was £0.08 Mil. Atlas African Industries's Inventory Turnover for the quarter that ended in Jun. 2016 was 0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atlas African Industries's Days Inventory for the six months ended in Jun. 2016 was 615.94.

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. Atlas African Industries's Inventory-to-Revenue for the quarter that ended in Jun. 2016 was 1.84.

Atlas African Industries Inventory Turnover Historical Data

The historical data trend for Atlas African Industries'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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Atlas African Industries Inventory Turnover Chart

Atlas African Industries Annual Data

Trend

Dec11

Dec12

Jun13

Jun14

Inventory Turnover

231.42

607.25

Atlas African Industries Semi-Annual Data
	Dec11	Dec12	Dec13	Jun14	Dec14	Jun16
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	16.70	0.30

Atlas African Industries Inventory Turnover Calculation

Atlas African Industries'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

Atlas African Industries's Inventory Turnover for the quarter that ended in Jun. 2016 is calculated as

	Inventory Turnover (Q: Jun. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2016 )	/ (	(Total Inventories (Q: Dec. 2014 )	+	Total Inventories (Q: Jun. 2016 ))	/	count )
=	0.024	/ (	(0.081	+	0)	/	1 )
=	0.024	/	0.081
=	0.30

Atlas African Industries (LSE:AAI) 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.

Atlas African Industries's Days Inventory for the six months ended in Jun. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2016 )	/	Cost of Goods Sold (Q: Jun. 2016 )	*	Days in Period
	=	0.081	/	0.024	*	365 / 2
	=	615.94

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.

Atlas African Industries's Inventory to Revenue for the quarter that ended in Jun. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2016 )	/	Revenue (Q: Jun. 2016 )
	=	0.081	/	0.044
	=	1.84

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.

Atlas African Industries Inventory Turnover Related Terms

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Atlas African Industries (LSE:AAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Atlas African Industries Ltd (LSE:AAI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.atlassupport.com

Atlas African Industries Ltd, formerly known as Atlas Development & Support Services Ltd, was incorporated in Guernsey under the Law on December 5, 2012. The Company has a Joint Venture agreement with Ethiopian conglomerate Orchid Group to provide services in civil engineering and project management offering into industrial projects. The Company's operates in industrial division and support services division. Its 100% owned subsidiary, East Africa Packaging Holdings, is focused glass bottle manufacturing facility 45km north of Addis Ababa, Ethiopia known as the Chancho Project. The Chancho Project is in feasibility stage with a defined development strategy to construct and operate a glass bottle manufacturing facility. The JV provides services to clients in the natural resource development and infrastructure sectors, through civil engineering, project management, work-force accommodation solutions and on-going life support services.

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