29Metals (ASX:29M) Change In Inventory : A$0.0 Mil (TTM As of Dec. 2023)

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What is 29Metals Change In Inventory?

29Metals's change in inventory for the quarter that ended in Dec. 2023 was A$0.0 Mil. It means 29Metals's inventory stayed the same from Jun. 2023 to Dec. 2023 .

29Metals's change in inventory for the fiscal year that ended in Dec. 2023 was A$0.0 Mil. It means 29Metals's inventory stayed the same from Dec. 2022 to Dec. 2023 .

29Metals's Total Inventories for the quarter that ended in Dec. 2023 was A$95.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 29Metals's Days Inventory for the quarter that ended in Dec. 2023 was 101.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. 29Metals's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.80.

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. 29Metals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

29Metals Change In Inventory Historical Data

The historical data trend for 29Metals's Change In Inventory 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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29Metals Change In Inventory Chart

29Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

29Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	-	-	-	-	-

29Metals Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.0 Mil.

29Metals (ASX:29M) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

29Metals's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	82.5475	/	148.742	*	365 / 2
	=	101.28

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

29Metals's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	148.742	/	82.5475
	=	1.80

3. 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.

29Metals's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	82.5475	/	218.656
	=	0.38

29Metals Change In Inventory Related Terms

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29Metals (ASX:29M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 29Metals Ltd (ASX:29M) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

150 Collins Street, Level 2, Melbourne, VIC, AUS, 3000

Website

https://www.29metals.com

29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver).

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