Global Ferronickel Holdings (PHS:FNI) Change In Inventory : ₱-113 Mil (TTM As of Mar. 2024)

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What is Global Ferronickel Holdings Change In Inventory?

Global Ferronickel Holdings's change in inventory for the quarter that ended in Mar. 2024 was ₱-67 Mil. It means Global Ferronickel Holdings's inventory increased by ₱67 Mil from Dec. 2023 to Mar. 2024 .

Global Ferronickel Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was ₱-163 Mil. It means Global Ferronickel Holdings's inventory increased by ₱163 Mil from Dec. 2022 to Dec. 2023 .

Global Ferronickel Holdings's Total Inventories for the quarter that ended in Mar. 2024 was ₱568 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Ferronickel Holdings's Days Inventory for the quarter that ended in Mar. 2024 was 150.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Ferronickel Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.61.

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. Global Ferronickel Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.87.

Global Ferronickel Holdings Change In Inventory Historical Data

The historical data trend for Global Ferronickel Holdings'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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Global Ferronickel Holdings Change In Inventory Chart

Global Ferronickel Holdings Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-80.92

57.06

-1.62

-3.66

-162.82

Global Ferronickel Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-117.45	59.33	-59.17	-45.53	-67.23

Global Ferronickel Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱-113 Mil.

Global Ferronickel Holdings (PHS:FNI) Change In Inventory Explanation

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

Global Ferronickel Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	510.45	/	309.803	*	365 / 4
	=	150.35

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

Global Ferronickel Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	309.803	/	510.45
	=	0.61

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.

Global Ferronickel Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	510.45	/	589.875
	=	0.87

Global Ferronickel Holdings Change In Inventory Related Terms

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Global Ferronickel Holdings (PHS:FNI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Ferronickel Holdings Inc (PHS:FNI) » Definitions » Change In Inventory

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Address

Asean Avenue corner Fuentes Street, Penthouse, Platinum Tower, Metro Manila, Paranaque, PHL, 1701

Website

https://www.gfni.com.ph

Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing and Services. The company generates maximum revenue from the Mining segment. Mining segment, which is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.