Algoma Central (TSX:ALC) Inventory Turnover : 1.15 (As of Mar. 2024)

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What is Algoma Central 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. Algoma Central's Cost of Goods Sold for the three months ended in Mar. 2024 was C$17.1 Mil. Algoma Central's Average Total Inventories for the quarter that ended in Mar. 2024 was C$14.8 Mil. Algoma Central's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Algoma Central's Days Inventory for the three months ended in Mar. 2024 was 79.02.

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. Algoma Central's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

Algoma Central Inventory Turnover Historical Data

The historical data trend for Algoma Central'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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Algoma Central Inventory Turnover Chart

Algoma Central Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.46

7.72

6.36

4.14

3.78

Algoma Central Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.92	1.06	0.94	1.00	1.15

Algoma Central Inventory Turnover Calculation

Algoma Central'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 )
=	66.049	/ (	(19.126	+	15.789)	/	2 )
=	66.049	/	17.4575
=	3.78

Algoma Central's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	17.128	/ (	(15.789	+	13.875)	/	2 )
=	17.128	/	14.832
=	1.15

Algoma Central (TSX:ALC) 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.

Algoma Central's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	14.832	/	17.128	*	365 / 4
	=	79.02

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.

Algoma Central's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	14.832	/	109.214
	=	0.14

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.

Algoma Central Inventory Turnover Related Terms

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Algoma Central (TSX:ALC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Algoma Central Corp (TSX:ALC) » Definitions » Inventory Turnover

Traded in Other Exchanges

AGMJF:USA ACH:Germany

Address

63 Church Street, Suite 600, St. Catharines, ON, CAN, L2R 3C4

Website

https://www.algonet.com

Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.

Executives

Mats Henrik Berglund

Director