Mincor Resources NL (ASX:MCR) Inventory Turnover : 26.65 (As of Dec. 2022)

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What is Mincor Resources NL 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. Mincor Resources NL's Cost of Goods Sold for the six months ended in Dec. 2022 was A$30.51 Mil. Mincor Resources NL's Average Total Inventories for the quarter that ended in Dec. 2022 was A$1.15 Mil. Mincor Resources NL's Inventory Turnover for the quarter that ended in Dec. 2022 was 26.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mincor Resources NL's Days Inventory for the six months ended in Dec. 2022 was 6.85.

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. Mincor Resources NL's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.03.

Mincor Resources NL Inventory Turnover Historical Data

The historical data trend for Mincor Resources NL'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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Mincor Resources NL Inventory Turnover Chart

Mincor Resources NL Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

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-0.99

9.90

7.56

16.18

Mincor Resources NL Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	14.02	26.65

Mincor Resources NL Inventory Turnover Calculation

Mincor Resources NL's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	14.732	/ (	(0.177	+	1.644)	/	2 )
=	14.732	/	0.9105
=	16.18

Mincor Resources NL's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	30.513	/ (	(1.644	+	0.646)	/	2 )
=	30.513	/	1.145
=	26.65

Mincor Resources NL (ASX:MCR) 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.

Mincor Resources NL's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	1.145	/	30.513	*	365 / 2
	=	6.85

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.

Mincor Resources NL's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	1.145	/	42.901
	=	0.03

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.

Mincor Resources NL Inventory Turnover Related Terms

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Mincor Resources NL (ASX:MCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mincor Resources NL (ASX:MCR) » Definitions » Inventory Turnover

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Address

8 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mincor.com.au

Mincor Resources NL is an Australian mining company. The company has two segments namely Kambalda Nickel Operations and Exploration. It operates within the geographical area of Australia.