Octava Minerals (ASX:OCT) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Octava Minerals 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. Octava Minerals's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.00 Mil. Octava Minerals's Average Total Inventories for the quarter that ended in Dec. 2023 was A$0.00 Mil.

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.

Octava Minerals Inventory Turnover Historical Data

The historical data trend for Octava Minerals'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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Octava Minerals Inventory Turnover Chart

Octava Minerals Annual Data

Trend

Jun23

Inventory Turnover

Octava Minerals Semi-Annual Data
	Dec21	Jun22	Jun23	Dec23
Inventory Turnover	-	-	-	-

Octava Minerals Inventory Turnover Calculation

Octava Minerals's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Octava Minerals (ASX:OCT) 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.

Octava Minerals's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	0	*	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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	0
	=

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.

Octava Minerals Inventory Turnover Related Terms

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Octava Minerals (ASX:OCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Octava Minerals Ltd (ASX:OCT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

234 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.octavaminerals.com

Octava Minerals Ltd is an exploration and resource development company. It focuses on the exploration of lithium, gold, Platinum Group Metals, and nickel at its mining tenements in Western Australia. The project portfolio comprises three main Project areas: - East Pilbara Talga; East Kimberley: and the Yallalong project.

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