Aeris Resources (ASX:AIS) Inventory Turnover : 5.16 (As of Dec. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Aeris Resources 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. Aeris Resources's Cost of Goods Sold for the six months ended in Dec. 2024 was A$219.9 Mil. Aeris Resources's Average Total Inventories for the quarter that ended in Dec. 2024 was A$42.7 Mil. Aeris Resources's Inventory Turnover for the quarter that ended in Dec. 2024 was 5.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aeris Resources's Days Inventory for the six months ended in Dec. 2024 was 35.40.

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. Aeris Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.15.

Aeris Resources Inventory Turnover Historical Data

The historical data trend for Aeris Resources'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.

* Premium members only.

Aeris Resources Inventory Turnover Chart

Aeris Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

Get a 7-Day Free Trial

14.60

14.29

10.60

14.37

8.50

Aeris Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															5.70	4.98	4.83	4.68	5.16

Aeris Resources Inventory Turnover Calculation

Aeris Resources's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	468.39	/ (	(63.458	+	46.754)	/	2 )
=	468.39	/	55.106
=	8.50

Aeris Resources's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	219.903	/ (	(46.754	+	38.548)	/	2 )
=	219.903	/	42.651
=	5.16

Aeris Resources (ASX:AIS) 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.

Aeris Resources's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	42.651	/	219.903	*	365 / 2
	=	35.40

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.

Aeris Resources's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	42.651	/	292.578
	=	0.15

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.

Aeris Resources Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Aeris Resources's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Aeris Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aeris Resources Ltd (ASX:AIS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ARSRF:USA

Address

120 Edward Street, Level 6, Brisbane, QLD, AUS, 4000

Website

https://www.aerisresources.com.au

Aeris Resources Ltd is a mineral exploration and production company. It engages in the exploration, production, and sale of copper, gold, zinc, and silver. The company's reportable segments are; Tritton Copper Operations (Tritton) in New South Wales; Cracow Gold Operations (Cracow) in Queensland; North Queensland Copper Operations (North Queensland), Jaguar Zinc and Copper Operations (Jaguar) in Western Australia; Stockman Copper and Zinc Project (Stockman) in Victoria; and Others, representing corporate activities. Maximum revenue is generated from the Tritton Copper Operation segment.