Mining Investments Resources (LSE:MIR) Inventory Turnover: 0.00 (As of Dec. 2013)


What is Mining Investments Resources Inventory Turnover?

Mining Investments Resources LSE:MIR Inventory Turnover is 0.00 as of Dec. 2013. The stock has 2 warning signs investors should review.

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. Mining Investments Resources's Cost of Goods Sold for the six months ended in Dec. 2013 was £0.01 Mil. Mining Investments Resources's Average Total Inventories for the quarter that ended in Dec. 2013 was £0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mining Investments Resources's Days Inventory for the six months ended in Dec. 2013 was 0.00.

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. Mining Investments Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.00.

Mining Investments Resources  (LSE:MIR) 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.

Mining Investments 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
=0/0.012*365 / 2
=0.00

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.

Mining Investments 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 )
=0 / 0.003
=0.00

* 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.

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.

Mining Investments Resources Inventory Turnover Related Terms

Mining Investments Resources Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Mining Investments 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.

Mining Investments Resources Inventory Turnover Chart

Mining Investments Resources Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Jun09 Jun10 Jun11 Jun12 Jun13
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Mining Investments Resources Semi-Annual Data
Sep03 Mar04 Sep04 Mar05 Sep05 Mar06 Sep06 Mar07 Sep07 Mar08 Sep08 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Mining Investments Resources Inventory Turnover Calculation

Mining Investments Resources's Inventory Turnover for the fiscal year that ended in Jun. 2013 is calculated as

Inventory Turnover (A: Jun. 2013 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2013 ) / ((Total Inventories (A: Jun. 2012 ) + Total Inventories (A: Jun. 2013 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Mining Investments 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: Jun. 2013 ) + Total Inventories (Q: Dec. 2013 )) / count )
=0.012 / ((0 + 0) / 1 )
=0.012 / 0
=N/A

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.00 mean?
Mining Investments Resources (LSE:MIR) has a Inventory Turnover of 0.00 as of Dec. 2013. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Mining Investments Resources and its competitors.
Is Mining Investments Resources' Inventory Turnover too high?
Mining Investments Resources' current Inventory Turnover is 0.00.
How does Mining Investments Resources' Inventory Turnover compare to competitors?
Mining Investments Resources' Inventory Turnover of 0.00 can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Conglomerates company?
A good Inventory Turnover depends on the Conglomerates industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Mining Investments Resources and its competitors. Mining Investments Resources's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Investments Resources stock overvalued right now?
Mining Investments Resources (LSE:MIR) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Mining Investments Resources (LSE:MIR), the current Inventory Turnover is 0.00 as of Dec. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mining Investments Resources Business Description

Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.