Royal Energy Resources (Royal Energy Resources) Inventory Turnover : 3.04 (As of Sep. 2019)

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What is Royal Energy 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. Royal Energy Resources's Cost of Goods Sold for the three months ended in Sep. 2019 was $45.8 Mil. Royal Energy Resources's Average Total Inventories for the quarter that ended in Sep. 2019 was $15.1 Mil. Royal Energy Resources's Inventory Turnover for the quarter that ended in Sep. 2019 was 3.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Royal Energy Resources's Days Inventory for the three months ended in Sep. 2019 was 30.06.

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. Royal Energy Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.36.

Royal Energy Resources Inventory Turnover Historical Data

The historical data trend for Royal Energy 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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Royal Energy Resources Inventory Turnover Chart

Royal Energy Resources Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Dec16

Dec17

Dec18

Inventory Turnover

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12.61

20.46

25.97

Royal Energy Resources Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Inventory Turnover	Get a 7-Day Free Trial															4.64	13.11	7.11	6.01	3.04

Royal Energy Resources Inventory Turnover Calculation

Royal Energy Resources'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 )
=	252.323	/ (	(12.86	+	6.573)	/	2 )
=	252.323	/	9.7165
=	25.97

Royal Energy Resources's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

	Inventory Turnover (Q: Sep. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2019 )	/ (	(Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Sep. 2019 ))	/	count )
=	45.771	/ (	(11.747	+	18.41)	/	2 )
=	45.771	/	15.0785
=	3.04

Royal Energy Resources (OTCPK:ROYE) 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.

Royal Energy Resources's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	15.0785	/	45.771	*	365 / 4
	=	30.06

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.

Royal Energy Resources's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	15.0785	/	42.265
	=	0.36

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.

Royal Energy Resources Inventory Turnover Related Terms

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Royal Energy Resources (Royal Energy Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Royal Energy Resources Inc (OTCPK:ROYE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

56 Broad Street, Suite 2, Charleston, SC, USA, 29401

Website

https://www.royalenergy.us

Royal Energy Resources Inc is engaged in the acquisition of coal, gas and renewable energy assets.

Executives

William L Tuorto	director, officer: Executive Chairman	56 BROAD STREET SUITE 2 CHARLESTON SC 29412
Ronald Phillips	officer: President	DKR CAPITAL PARTNERS LP 1281 EAST MAIN STREET STAMFORD CT 06902
Brian Hughs	director, officer: Vice President	203 SOUTH 3RD ST. CANANDIAN TX 79014
Ian Ganzer	officer: Chief Operating Officer	304 WAITMAN ST MORGANTOWN WV 26501

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