African Minerals (LSE:AMI) Change In Inventory : £-12.4 Mil (TTM As of Jun. 2014)

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What is African Minerals Change In Inventory?

African Minerals's change in inventory for the quarter that ended in Jun. 2014 was £-0.7 Mil. It means African Minerals's inventory increased by £0.7 Mil from Dec. 2013 to Jun. 2014 .

African Minerals's change in inventory for the fiscal year that ended in Dec. 2013 was £-17.9 Mil. It means African Minerals's inventory increased by £17.9 Mil from Dec. 2012 to Dec. 2013 .

African Minerals's Total Inventories for the quarter that ended in Jun. 2014 was £48.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. African Minerals's Days Inventory for the quarter that ended in Jun. 2014 was 37.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. African Minerals's Inventory Turnover for the quarter that ended in Jun. 2014 was 4.83.

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. African Minerals's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.21.

African Minerals Change In Inventory Historical Data

The historical data trend for African Minerals's Change In Inventory 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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African Minerals Change In Inventory Chart

African Minerals Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Inventory

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0.08

0.20

-0.69

-2.85

-17.93

African Minerals Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Change In Inventory	Get a 7-Day Free Trial				-0.58	-2.29	-6.58	-11.71	-0.71

African Minerals Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-12.4 Mil.

African Minerals (LSE:AMI) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

African Minerals's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	49.2365	/	238.055	*	365 / 2
	=	37.75

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

African Minerals's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	238.055	/	49.2365
	=	4.83

3. 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.

African Minerals's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	49.2365	/	235.927
	=	0.21

African Minerals Change In Inventory Related Terms

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African Minerals (LSE:AMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Minerals Ltd (LSE:AMI) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Stratton House, 5 Stratton Street, London, GBR, W1J 8LA

Website

http://www.african-minerals.com

African Minerals Ltd is a mineral exploration and development company. It is engaged in the development, design, construction, and operation of iron ore deposit at Tonkolili, Sierra Leone, and its related rail and port infrastructure. In addition, it is also involved in the marketing and sale of the iron ore produced from this project.

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