Fortress Minerals (SGX:OAJ) Change In Inventory : S$1.16 Mil (TTM As of Aug. 2023)

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What is Fortress Minerals Change In Inventory?

Fortress Minerals's change in inventory for the quarter that ended in Aug. 2023 was S$1.10 Mil. It means Fortress Minerals's inventory declined by S$1.10 Mil from May. 2023 to Aug. 2023 .

Fortress Minerals's change in inventory for the fiscal year that ended in Feb. 2024 was S$3.06 Mil. It means Fortress Minerals's inventory declined by S$3.06 Mil from Feb. 2023 to Feb. 2024 .

Fortress Minerals's Total Inventories for the quarter that ended in Aug. 2023 was S$4.49 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fortress Minerals's Days Inventory for the quarter that ended in Aug. 2023 was 59.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortress Minerals's Inventory Turnover for the quarter that ended in Aug. 2023 was 1.54.

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. Fortress Minerals's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.22.

Fortress Minerals Change In Inventory Historical Data

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

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Change In Inventory

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-0.58

-0.08

-2.26

-1.08

3.06

Fortress Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Change In Inventory	Get a 7-Day Free Trial															-1.00	-0.98	2.05	1.10	-

Fortress 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 Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was S$1.16 Mil.

Fortress Minerals (SGX:OAJ) Change In Inventory Explanation

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

Fortress 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
	=	5.1435	/	7.928	*	365 / 4
	=	59.20

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.928	/	5.1435
	=	1.54

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.1435	/	23.392
	=	0.22

Fortress Minerals Change In Inventory Related Terms

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Fortress Minerals (SGX:OAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

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