Lucara Diamond (Lucara Diamond) Inventory Turnover : 0.89 (As of Dec. 2023)

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What is Lucara Diamond 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. Lucara Diamond's Cost of Goods Sold for the three months ended in Dec. 2023 was $30.8 Mil. Lucara Diamond's Average Total Inventories for the quarter that ended in Dec. 2023 was $34.7 Mil. Lucara Diamond's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lucara Diamond's Days Inventory for the three months ended in Dec. 2023 was 102.89.

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. Lucara Diamond's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.95.

Lucara Diamond Inventory Turnover Historical Data

The historical data trend for Lucara Diamond'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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Lucara Diamond Inventory Turnover Chart

Lucara Diamond Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.62

1.99

2.95

3.43

3.21

Lucara Diamond Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.78	0.74	0.61	0.90	0.89

Lucara Diamond Inventory Turnover Calculation

Lucara Diamond's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	116.955	/ (	(38.372	+	34.534)	/	2 )
=	116.955	/	36.453
=	3.21

Lucara Diamond's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	30.784	/ (	(34.89	+	34.534)	/	2 )
=	30.784	/	34.712
=	0.89

Lucara Diamond (OTCPK:LUCRF) 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.

Lucara Diamond's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	34.712	/	30.784	*	365 / 4
	=	102.89

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.

Lucara Diamond's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	34.712	/	36.542
	=	0.95

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.

Lucara Diamond Inventory Turnover Related Terms

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Lucara Diamond (Lucara Diamond) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lucara Diamond Corp (OTCPK:LUCRF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LUC:Sweden LKT:Germany LUC:Canada LUC:Botswana

Address

1250 Homer Street, 502, Vancouver, BC, CAN, V6B 2Y5

Website

http://www.lucaradiamond.com

Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.

Lucara Diamond (Lucara Diamond) Headlines

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