Kalium Lakes (ASX:KLL) Inventory Turnover : -0.56 (As of Dec. 2022)

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What is Kalium Lakes 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. Kalium Lakes's Cost of Goods Sold for the six months ended in Dec. 2022 was A$-4.10 Mil. Kalium Lakes's Average Total Inventories for the quarter that ended in Dec. 2022 was A$7.28 Mil. Kalium Lakes's Inventory Turnover for the quarter that ended in Dec. 2022 was -0.56.

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

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. Kalium Lakes's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 1.98.

Kalium Lakes Inventory Turnover Historical Data

The historical data trend for Kalium Lakes'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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Kalium Lakes Inventory Turnover Chart

Kalium Lakes Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

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Kalium Lakes Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Inventory Turnover	Get a 7-Day Free Trial								-	-	-	-	-0.56

Kalium Lakes Inventory Turnover Calculation

Kalium Lakes's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	0	/ (	(0	+	4.525)	/	1 )
=	0	/	4.525
=	0.00

Kalium Lakes's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	-4.099	/ (	(4.525	+	10.027)	/	2 )
=	-4.099	/	7.276
=	-0.56

Kalium Lakes (ASX:KLL) 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.

Kalium Lakes's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	7.276	/	-4.099	*	365 / 2
	=

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.

Kalium Lakes's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	7.276	/	3.681
	=	1.98

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.

Kalium Lakes Inventory Turnover Related Terms

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Kalium Lakes (ASX:KLL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kalium Lakes Ltd (ASX:KLL) » Definitions » Inventory Turnover

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Address

152 Balcatta Road, Unit 1, Balcatta, Perth, WA, AUS, 6021

Website

https://www.kaliumlakes.com.au

Kalium Lakes Ltd is a mineral exploration company. It is engaged in the exploration and development of Beyondie Potash Project in Western Australia. The firm also holds an interest in Carnegie Project.

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