Bathurst Resources (Bathurst Resources) Inventory Turnover : 18.36 (As of Dec. 2023)

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What is Bathurst Resources 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. Bathurst Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $13.43 Mil. Bathurst Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.73 Mil. Bathurst Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bathurst Resources's Days Inventory for the six months ended in Dec. 2023 was 9.94.

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. Bathurst Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Bathurst Resources Inventory Turnover Historical Data

The historical data trend for Bathurst Resources'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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Bathurst Resources Inventory Turnover Chart

Bathurst Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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27.32

24.05

30.58

23.99

30.89

Bathurst Resources 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															13.29	11.49	16.10	14.60	18.36

Bathurst Resources Inventory Turnover Calculation

Bathurst Resources's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	23.29	/ (	(0.947	+	0.561)	/	2 )
=	23.29	/	0.754
=	30.89

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	13.432	/ (	(0.561	+	0.902)	/	2 )
=	13.432	/	0.7315
=	18.36

Bathurst Resources (OTCPK:BTURF) 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.

Bathurst Resources's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.7315	/	13.432	*	365 / 2
	=	9.94

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.7315	/	14.303
	=	0.05

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.

Bathurst Resources Inventory Turnover Related Terms

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Bathurst Resources (Bathurst Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bathurst Resources Ltd (OTCPK:BTURF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

B0R:Germany BRL:Australia

Address

1 Willeston Street, Level 12, Wellington, NZL, 6011

Website

https://www.bathurst.co.nz

Bathurst Resources Ltd is principally engaged in the exploration, development, and production of coal. The operating business segments of the company are Export, Domestic, and Corporate, with maximum revenue from the export segment. It has three operating mines in the South Island: Canterbury Coal, Stockton, and Takitimu. It also operates Maramarua and Rotowaro in the Waikato region of the North Island. Further, it has two mines the Cascade and Escarpment mines near Westport.

Bathurst Resources (Bathurst Resources) Headlines

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