Syrah Resources (Syrah Resources) Inventory Turnover : 1.12 (As of Dec. 2023)

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What is Syrah 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. Syrah Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $38.41 Mil. Syrah Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was $34.41 Mil. Syrah Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Syrah Resources's Days Inventory for the six months ended in Dec. 2023 was 163.49.

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. Syrah Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.78.

Syrah Resources Inventory Turnover Historical Data

The historical data trend for Syrah 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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Syrah Resources Inventory Turnover Chart

Syrah Resources Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.56

2.49

2.92

3.88

2.45

Syrah 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															1.74	1.46	1.99	1.19	1.12

Syrah Resources Inventory Turnover Calculation

Syrah Resources'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 )
=	73.718	/ (	(25.194	+	34.897)	/	2 )
=	73.718	/	30.0455
=	2.45

Syrah 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 )
=	38.408	/ (	(33.917	+	34.897)	/	2 )
=	38.408	/	34.407
=	1.12

Syrah Resources (OTCPK:SYAAF) 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.

Syrah 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
	=	34.407	/	38.408	*	365 / 2
	=	163.49

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.

Syrah 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 )
	=	34.407	/	19.324
	=	1.78

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.

Syrah Resources Inventory Turnover Related Terms

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Syrah Resources (Syrah Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Syrah Resources Ltd (OTCPK:SYAAF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SRHYY:USA 3S7:Germany SYR:Australia

Address

477 Collins Street, Level 7, Melbourne, VIC, AUS, 3000

Website

https://www.syrahresources.com.au

Syrah Resources Ltd is an Australia-based company engaged in mining, mineral exploration, evaluation, and development. The company operates in three segments: Balama, Vidalia, and Corporate. All the company's revenue is derived from the Balama segment, where it produces and sells natural flake graphite from the Balama graphite mine in Mozambique. The company sells graphite globally to customers in Europe, China, India, the Americas, and other locations.