Oakbay Resources and Energy (JSE:46926) Inventory Turnover : 1.32 (As of Feb. 2017)

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What is Oakbay Resources and Energy 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. Oakbay Resources and Energy's Cost of Goods Sold for the six months ended in Feb. 2017 was R251.5 Mil. Oakbay Resources and Energy's Average Total Inventories for the quarter that ended in Feb. 2017 was R190.7 Mil. Oakbay Resources and Energy's Inventory Turnover for the quarter that ended in Feb. 2017 was 1.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oakbay Resources and Energy's Days Inventory for the six months ended in Feb. 2017 was 138.38.

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. Oakbay Resources and Energy's Inventory-to-Revenue for the quarter that ended in Feb. 2017 was 0.87.

Oakbay Resources and Energy Inventory Turnover Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy Inventory Turnover Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Inventory Turnover

1.51

0.70

1.16

2.23

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
Inventory Turnover	Get a 7-Day Free Trial			0.22	0.49	0.65	0.86	1.32

Oakbay Resources and Energy Inventory Turnover Calculation

Oakbay Resources and Energy's Inventory Turnover for the fiscal year that ended in Feb. 2017 is calculated as

	Inventory Turnover (A: Feb. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2017 )	/ (	(Total Inventories (A: Feb. 2016 )	+	Total Inventories (A: Feb. 2017 ))	/	count )
=	414.022	/ (	(183.516	+	188.499)	/	2 )
=	414.022	/	186.0075
=	2.23

Oakbay Resources and Energy's Inventory Turnover for the quarter that ended in Feb. 2017 is calculated as

	Inventory Turnover (Q: Feb. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2017 )	/ (	(Total Inventories (Q: Aug. 2016 )	+	Total Inventories (Q: Feb. 2017 ))	/	count )
=	251.503	/ (	(192.912	+	188.499)	/	2 )
=	251.503	/	190.7055
=	1.32

Oakbay Resources and Energy (JSE:46926) 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.

Oakbay Resources and Energy's Days Inventory for the six months ended in Feb. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2017 )	/	Cost of Goods Sold (Q: Feb. 2017 )	*	Days in Period
	=	190.7055	/	251.503	*	365 / 2
	=	138.38

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.

Oakbay Resources and Energy's Inventory to Revenue for the quarter that ended in Feb. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2017 )	/	Revenue (Q: Feb. 2017 )
	=	190.7055	/	219.112
	=	0.87

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.

Oakbay Resources and Energy Inventory Turnover Related Terms

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Oakbay Resources and Energy (JSE:46926) Business Description

Industry

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Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

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