Strategic Minerals (LSE:SML) Inventory Turnover : 27.00 (As of Jun. 2023)

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What is Strategic 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. Strategic Minerals's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.11 Mil. Strategic Minerals's Average Total Inventories for the quarter that ended in Jun. 2023 was £0.00 Mil. Strategic Minerals's Inventory Turnover for the quarter that ended in Jun. 2023 was 27.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strategic Minerals's Days Inventory for the six months ended in Jun. 2023 was 6.76.

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. Strategic Minerals's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

Strategic Minerals Inventory Turnover Historical Data

The historical data trend for Strategic 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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Strategic Minerals Inventory Turnover Chart

Strategic Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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128.25

156.00

209.50

157.60

115.71

Strategic Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															81.60	59.67	83.20	65.00	27.00

Strategic Minerals Inventory Turnover Calculation

Strategic Minerals's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0.405	/ (	(0.003	+	0.004)	/	2 )
=	0.405	/	0.0035
=	115.71

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

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.108	/ (	(0.004	+	0.004)	/	2 )
=	0.108	/	0.004
=	27.00

Strategic Minerals (LSE:SML) 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.

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

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.004	/	0.108	*	365 / 2
	=	6.76

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.004	/	0.619
	=	0.01

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.

Strategic Minerals Inventory Turnover Related Terms

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Strategic Minerals (LSE:SML) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Minerals PLC (LSE:SML) » Definitions » Inventory Turnover

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24S:Germany

Address

27/28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.strategicminerals.net

Strategic Minerals PLC is a UK-based mineral production and development company. The principal business activity of the company is the exploration, development, and operation of mining projects. Its operating segments include Southern Minerals Group LLC (SMG), Head Office, Development Asset, and United Kingdom. It derives a majority of the revenue from the SMG segment that is involved in the sale of magnetite to both the US domestic market and historically transported magnetite to port for onward export sale.

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