Energy Resources of Australia (ASX:ERA) Inventory Turnover : 0.11 (As of Jun. 2023)

View and export this data going back to 1980. Start your Free Trial

What is Energy Resources of Australia 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. Energy Resources of Australia's Cost of Goods Sold for the six months ended in Jun. 2023 was A$0.85 Mil. Energy Resources of Australia's Average Total Inventories for the quarter that ended in Jun. 2023 was A$7.87 Mil. Energy Resources of Australia's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Energy Resources of Australia's Days Inventory for the six months ended in Jun. 2023 was 1,684.43.

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.

Energy Resources of Australia Inventory Turnover Historical Data

The historical data trend for Energy Resources of Australia'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.

* Premium members only.

Energy Resources of Australia Inventory Turnover Chart

Energy Resources of Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

0.42

0.62

1.49

1.21

4.59

Energy Resources of Australia 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															1.48	1.24	0.01	0.11	0.03

Energy Resources of Australia Inventory Turnover Calculation

Energy Resources of Australia'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 )
=	35.282	/ (	(8.059	+	7.315)	/	2 )
=	35.282	/	7.687
=	4.59

Energy Resources of Australia's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.853	/ (	(8.059	+	7.687)	/	2 )
=	0.853	/	7.873
=	0.11

Energy Resources of Australia (ASX:ERA) 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.

Energy Resources of Australia's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	7.873	/	0.853	*	365 / 2
	=	1,684.43

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.

Energy Resources of Australia's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	7.873	/	0
	=

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.

Energy Resources of Australia Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Energy Resources of Australia's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Energy Resources of Australia (ASX:ERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Energy Resources of Australia Ltd (ASX:ERA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

EGRAY:USA EGRAF:USA EJ7:Germany

Address

18-20 Cavenagh Street, GPO Box 2394, Level 3, Energy House, Darwin, NT, AUS, 0801

Website

http://www.energyres.com.au

Energy Resources of Australia Ltd (ERA) is engaged in mining, processing, and sale of uranium oxide. It operates the Ranger uranium mine. The Ranger mine's operational infrastructure lies within the 79-square kilometer Ranger Project Area, which is located eight kilometers east of Jabiru and 260 kilometers east of Darwin, in the Northern Territory of Australia.