Xtract Resources (LSE:XTR) Inventory Turnover : 4.97 (As of Jun. 2023)

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What is Xtract 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. Xtract Resources's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.60 Mil. Xtract Resources's Average Total Inventories for the quarter that ended in Jun. 2023 was £0.12 Mil. Xtract Resources's Inventory Turnover for the quarter that ended in Jun. 2023 was 4.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xtract Resources's Days Inventory for the six months ended in Jun. 2023 was 36.74.

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. Xtract Resources's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.06.

Xtract Resources Inventory Turnover Historical Data

The historical data trend for Xtract 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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Xtract Resources Inventory Turnover Chart

Xtract Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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8.33

5.98

16.10

6.15

11.24

Xtract Resources 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															26.82	3.67	7.49	14.18	4.97

Xtract Resources Inventory Turnover Calculation

Xtract Resources'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 )
=	1.686	/ (	(0.177	+	0.123)	/	2 )
=	1.686	/	0.15
=	11.24

Xtract Resources'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 )
=	0.601	/ (	(0.123	+	0.119)	/	2 )
=	0.601	/	0.121
=	4.97

Xtract Resources (LSE:XTR) 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.

Xtract Resources'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
	=	0.121	/	0.601	*	365 / 2
	=	36.74

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.

Xtract Resources'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 )
	=	0.121	/	2.062
	=	0.06

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.

Xtract Resources Inventory Turnover Related Terms

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Xtract Resources (LSE:XTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xtract Resources PLC (LSE:XTR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

7/8 Kendrick Mews, 1st Floor, South Kensington, London, GBR, SW7 3HG

Website

https://www.xtractresources.com

Xtract Resources PLC is a resource, development, & mining company focused on acquiring brownfield resource projects with a view to releasing value for its shareholders. It is currently focused on the Manica Gold Project & Manica Alluvials Project in Mozambique, Eureka Copper Project, and Kalengwa Processing Copper Project in Zambia. The company generates revenues from the sales of gold bars. Its operating segment includes the Operating gold mining segment in Mozambique, Mine Development in Mozambique, Exploration, Investment & other, and Alluvial Gold Mining Production. The majority of revenue is from the Alluvial Gold Mining Production segment.

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