Eurasian Natural Resources (LSE:ENRC) Inventory Turnover : 3.04 (As of Dec. 2013)

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What is Eurasian Natural 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. Eurasian Natural Resources's Cost of Goods Sold for the six months ended in Dec. 2013 was £2,346 Mil. Eurasian Natural Resources's Average Total Inventories for the quarter that ended in Dec. 2013 was £773 Mil. Eurasian Natural Resources's Inventory Turnover for the quarter that ended in Dec. 2013 was 3.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eurasian Natural Resources's Days Inventory for the six months ended in Dec. 2013 was 60.10.

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. Eurasian Natural Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.20.

Eurasian Natural Resources Inventory Turnover Historical Data

The historical data trend for Eurasian Natural 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.

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Eurasian Natural Resources Inventory Turnover Chart

Eurasian Natural Resources Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

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2.79

3.94

3.73

3.16

3.04

Eurasian Natural Resources Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Inventory Turnover	Get a 7-Day Free Trial					2.79	3.94	3.73	3.16	3.04

Eurasian Natural Resources Inventory Turnover Calculation

Eurasian Natural Resources's Inventory Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Inventory Turnover (A: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2013 )	/ (	(Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )
=	2346.06	/ (	(799.748	+	745.42)	/	2 )
=	2346.06	/	772.584
=	3.04

Eurasian Natural Resources's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

	Inventory Turnover (Q: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2013 )	/ (	(Total Inventories (Q: Dec. 2012 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )
=	2346.06	/ (	(799.748	+	745.42)	/	2 )
=	2346.06	/	772.584
=	3.04

Eurasian Natural Resources (LSE:ENRC) 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.

Eurasian Natural Resources's Days Inventory for the six months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	772.584	/	2346.06	*	365 / 2
	=	60.10

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.

Eurasian Natural Resources's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	772.584	/	3921.69
	=	0.20

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.

Eurasian Natural Resources Inventory Turnover Related Terms

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Eurasian Natural Resources (LSE:ENRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eurasian Natural Resources Corporation PLC (LSE:ENRC) » Definitions » Inventory Turnover

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Address

Website

http://www.enrc.com

Eurasian Natural Resources Corp Ltd was incorporated on December 06, 2006. It is a diversified natural resources company. It performs integrated mining, processing, power generation, logistics and marketing operations. Its six operating segments are Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy, and Logistics. Ferroalloys comprises the extraction and sale of chrome ore as well as the production of ferroalloys from chromium and manganese ores. Iron Ore comprises exploration, extraction, processing and manufacturing of iron ore products. Alumina and Aluminium comprises extraction and processing of bauxite and limestone, and smelting of alumina and aluminium. Other Non-ferrous comprises the exploration and extraction, processing and manufacturing of copper and cobalt products, and the exploration of other minerals in Africa. Energy comprises coal mining and power generation. Logistics includes transportation and logistical services to the company's primary operating divisions and to third parties.

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