Strategic Minerals (LSE:SML) Change In Inventory : £-0.00 Mil (TTM As of Jun. 2023)

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What is Strategic Minerals Change In Inventory?

Strategic Minerals's change in inventory for the quarter that ended in Jun. 2023 was £0.00 Mil. It means Strategic Minerals's inventory stayed the same from Dec. 2022 to Jun. 2023 .

Strategic Minerals's change in inventory for the fiscal year that ended in Dec. 2022 was £-0.00 Mil. It means Strategic Minerals's inventory increased by £0.00 Mil from Dec. 2021 to Dec. 2022 .

Strategic Minerals's Total Inventories for the quarter that ended in Jun. 2023 was £0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strategic Minerals's Days Inventory for the quarter that ended in Jun. 2023 was 6.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Strategic Minerals's Inventory Turnover for the quarter that ended in Jun. 2023 was 27.00.

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. Strategic Minerals's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

Strategic Minerals Change In Inventory Historical Data

The historical data trend for Strategic 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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Strategic Minerals Change In Inventory Chart

Strategic Minerals Annual Data

Trend

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Change In Inventory

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Strategic Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Strategic 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.00 Mil.

Strategic Minerals (LSE:SML) Change In Inventory Explanation

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

Strategic 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
	=	0.004	/	0.108	*	365 / 2
	=	6.76

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

Strategic Minerals's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.108	/	0.004
	=	27.00

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.

Strategic Minerals's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.004	/	0.619
	=	0.01

Strategic Minerals Change In Inventory Related Terms

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Strategic Minerals (LSE:SML) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Minerals PLC (LSE:SML) » Definitions » Change In Inventory

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24S:Germany

Address

27/28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.strategicminerals.net

Strategic Minerals PLC is a UK-based mineral production and development company. The principal business activity of the company is the exploration, development, and operation of mining projects. Its operating segments include Southern Minerals Group LLC (SMG), Head Office, Development Asset, and United Kingdom. It derives a majority of the revenue from the SMG segment that is involved in the sale of magnetite to both the US domestic market and historically transported magnetite to port for onward export sale.

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