JUPGF (Atlas Critical Minerals) Inventory Turnover : 2.33 (As of Dec. 2024)

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What is Atlas Critical 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. Atlas Critical Minerals's Cost of Goods Sold for the six months ended in Dec. 2024 was $0.40 Mil. Atlas Critical Minerals's Average Total Inventories for the quarter that ended in Dec. 2024 was $0.17 Mil. Atlas Critical Minerals's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atlas Critical Minerals's Days Inventory for the six months ended in Dec. 2024 was 78.28.

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. Atlas Critical Minerals's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.26.

Atlas Critical Minerals Inventory Turnover Historical Data

The historical data trend for Atlas Critical 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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Atlas Critical Minerals Inventory Turnover Chart

Atlas Critical Minerals Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.33

Atlas Critical Minerals Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Dec24
Inventory Turnover	Get a 7-Day Free Trial				-	-	-	-	2.33

Atlas Critical Minerals Inventory Turnover Calculation

Atlas Critical Minerals's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	0.401	/ (	(0	+	0.172)	/	1 )
=	0.401	/	0.172
=	2.33

Atlas Critical Minerals'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: Dec. 2023 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	0.401	/ (	(0	+	0.172)	/	1 )
=	0.401	/	0.172
=	2.33

Atlas Critical Minerals (OTCPK:JUPGF) 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.

Atlas Critical Minerals'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
	=	0.172	/	0.401	*	365 / 2
	=	78.28

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.

Atlas Critical Minerals'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 )
	=	0.172	/	0.667
	=	0.26

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.

Atlas Critical Minerals Inventory Turnover Related Terms

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Atlas Critical Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Critical Minerals Corp (OTCPK:JUPGF) » Definitions » Inventory Turnover

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Address

Rua Antonio de Albuquerque, No. 156, 17th Floor, Belo Horizonte, MG, BRA, 30.112-010

Website

https://www.atlascriticalminerals.com

Atlas Critical Minerals Corporation, is a mineral exploration and development company focused on critical minerals projects and properties in Brazil. The company's portfolio principally includes mineral properties for rare earths, graphite, titanium, copper, uranium, and nickel. It also owns mineral rights for iron ore, quartzite, gold, and diamond properties. The company's project portfolio includes the Alto Paranaiba, Malacacheta, Arcos, Goias, Tocantins, Rio Piracicaba, and other projects.