Stornoway Diamond (Stornoway Diamond) Inventory Turnover : 1.24 (As of Jun. 2019)

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

What is Stornoway Diamond 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. Stornoway Diamond's Cost of Goods Sold for the three months ended in Jun. 2019 was $58.2 Mil. Stornoway Diamond's Average Total Inventories for the quarter that ended in Jun. 2019 was $47.0 Mil. Stornoway Diamond's Inventory Turnover for the quarter that ended in Jun. 2019 was 1.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stornoway Diamond's Days Inventory for the three months ended in Jun. 2019 was 73.69.

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. Stornoway Diamond's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.33.

Stornoway Diamond Inventory Turnover Historical Data

The historical data trend for Stornoway Diamond'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.

Stornoway Diamond Inventory Turnover Chart

Stornoway Diamond Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Inventory Turnover

Get a 7-Day Free Trial

3.39

3.78

Stornoway Diamond Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Inventory Turnover	Get a 7-Day Free Trial															1.66	1.37	0.96	1.16	1.24

Stornoway Diamond Inventory Turnover Calculation

Stornoway Diamond's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	169.056	/ (	(39.192	+	50.263)	/	2 )
=	169.056	/	44.7275
=	3.78

Stornoway Diamond's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

	Inventory Turnover (Q: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2019 )	/ (	(Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )
=	58.168	/ (	(50.31	+	43.634)	/	2 )
=	58.168	/	46.972
=	1.24

Stornoway Diamond (OTCPK:SWYDF) 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.

Stornoway Diamond's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	46.972	/	58.168	*	365 / 4
	=	73.69

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.

Stornoway Diamond's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	46.972	/	142.547
	=	0.33

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.

Stornoway Diamond Inventory Turnover Related Terms

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

Stornoway Diamond (Stornoway Diamond) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stornoway Diamond Corp (OTCPK:SWYDF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4

Website

http://www.stornowaydiamonds.com

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

Stornoway Diamond (Stornoway Diamond) Headlines

From GuruFocus

Stornoway Diamond's 2016 Financial Report Reaffirms Its Position in the Industry

By Lovisa Alvin Lovisa Alvin • 02-27-2017

Stornoway Announces the Departure of Patrick Godin and Annie Torkia Lagacé, as Well as the Appointment of Patrick Sévigny as the Corporation's Chief Operating Officer

By GlobeNewswire GlobeNewswire • 06-25-2020

Stornoway Receives Notice of Delisting Review by TSX

By GlobeNewswire GlobeNewswire • 08-22-2019

Stornoway Granted Approval and Vesting Order

By GlobeNewswire GlobeNewswire • 10-07-2019

Stornoway Announces Board Appointment

By GlobeNewswire GlobeNewswire • 06-13-2018

Stornoway Announces Recommencement of Renard Mine Operations

By GlobeNewswire GlobeNewswire • 07-04-2018