Avalon Advanced Materials (Avalon Advanced Materials) Inventory Turnover : 0.00 (As of Nov. 2023)

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What is Avalon Advanced Materials 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. Avalon Advanced Materials's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.04 Mil. Avalon Advanced Materials's Average Total Inventories for the quarter that ended in Nov. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avalon Advanced Materials's Days Inventory for the three months ended in Nov. 2023 was 0.00.

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. Avalon Advanced Materials's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.00.

Avalon Advanced Materials Inventory Turnover Historical Data

The historical data trend for Avalon Advanced Materials'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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Avalon Advanced Materials Inventory Turnover Chart

Avalon Advanced Materials Annual Data

Trend

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Inventory Turnover

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Avalon Advanced Materials Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Nov22	Feb23	May23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Avalon Advanced Materials Inventory Turnover Calculation

Avalon Advanced Materials's Inventory Turnover for the fiscal year that ended in Aug. 2021 is calculated as

	Inventory Turnover (A: Aug. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2021 )	/ (	(Total Inventories (A: Aug. 2020 )	+	Total Inventories (A: Aug. 2021 ))	/	count )
=	0.09	/ (	(0	+	0)	/	1 )
=	0.09	/	0
=	N/A

Avalon Advanced Materials's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	0.041	/ (	(0	+	0)	/	1 )
=	0.041	/	0
=	N/A

Avalon Advanced Materials (OTCPK:AVLNF) 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.

Avalon Advanced Materials's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	0	/	0.041	*	365 / 4
	=	0.00

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.

Avalon Advanced Materials's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	0	/	0.051
	=	0.00

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.

Avalon Advanced Materials Inventory Turnover Related Terms

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Avalon Advanced Materials (Avalon Advanced Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avalon Advanced Materials Inc (OTCPK:AVLNF) » Definitions » Inventory Turnover

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OU5A:Germany AVL:Canada

Address

130 Adelaide Street West, Suite 1901, Toronto, ON, CAN, M5H 3P5

Website

https://www.avalonadvancedmaterials.com

Avalon Advanced Materials Inc is a mineral exploration and development company. The projects of the company includes East Kemptville, Lilypad, Nechalacho, Separation Rapids, and Warren Township.