Atlantic Gold (ASX:AGB) Inventory Turnover : 1.45 (As of Mar. 2019)

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What is Atlantic Gold 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. Atlantic Gold's Cost of Goods Sold for the three months ended in Mar. 2019 was A$21.9 Mil. Atlantic Gold's Average Total Inventories for the quarter that ended in Mar. 2019 was A$15.0 Mil. Atlantic Gold's Inventory Turnover for the quarter that ended in Mar. 2019 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atlantic Gold's Days Inventory for the three months ended in Mar. 2019 was 62.76.

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. Atlantic Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2019 was 0.47.

Atlantic Gold Inventory Turnover Historical Data

The historical data trend for Atlantic Gold'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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Atlantic Gold Inventory Turnover Chart

Atlantic Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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6.85

Atlantic Gold Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Inventory Turnover	Get a 7-Day Free Trial															0.69	1.89	2.33	1.84	1.45

Atlantic Gold Inventory Turnover Calculation

Atlantic Gold'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 )
=	75.212	/ (	(8.771	+	13.202)	/	2 )
=	75.212	/	10.9865
=	6.85

Atlantic Gold's Inventory Turnover for the quarter that ended in Mar. 2019 is calculated as

	Inventory Turnover (Q: Mar. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2019 )	/ (	(Total Inventories (Q: Dec. 2018 )	+	Total Inventories (Q: Mar. 2019 ))	/	count )
=	21.864	/ (	(13.202	+	16.873)	/	2 )
=	21.864	/	15.0375
=	1.45

Atlantic Gold (ASX:AGB) 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.

Atlantic Gold's Days Inventory for the three months ended in Mar. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2019 )	/	Cost of Goods Sold (Q: Mar. 2019 )	*	Days in Period
	=	15.0375	/	21.864	*	365 / 4
	=	62.76

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.

Atlantic Gold's Inventory to Revenue for the quarter that ended in Mar. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2019 )	/	Revenue (Q: Mar. 2019 )
	=	15.0375	/	32.094
	=	0.47

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.

Atlantic Gold Inventory Turnover Related Terms

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Atlantic Gold (ASX:AGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlantic Gold Corp (ASX:AGB) » Definitions » Inventory Turnover

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Address

595 Burrard Street, Suite 3083, P.O. Box 49298, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

http://www.atlanticgoldcorporation.com

Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada.

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