MNXMF (FireFly Metals) Inventory Turnover : 0.00 (As of Dec. 2024)

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What is FireFly Metals 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. FireFly Metals's Cost of Goods Sold for the six months ended in Dec. 2024 was $0.00 Mil. FireFly Metals's Average Total Inventories for the quarter that ended in Dec. 2024 was $0.42 Mil. FireFly Metals's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. FireFly Metals's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.97.

FireFly Metals Inventory Turnover Historical Data

The historical data trend for FireFly Metals'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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FireFly Metals Inventory Turnover Chart

FireFly Metals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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FireFly Metals Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

FireFly Metals Inventory Turnover Calculation

FireFly Metals's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	0	/ (	(0	+	0.432)	/	1 )
=	0	/	0.432
=	0.00

FireFly Metals's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	0	/ (	(0.432	+	0.406)	/	2 )
=	0	/	0.419
=	0.00

FireFly Metals (OTCPK:MNXMF) 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.

FireFly Metals's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0.419	/	0	*	365 / 2
	=

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.

FireFly Metals's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0.419	/	0.213
	=	1.97

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.

FireFly Metals Inventory Turnover Related Terms

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FireFly Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » FireFly Metals Ltd (OTCPK:MNXMF) » Definitions » Inventory Turnover

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FFM:Canada FFM:Australia

Address

8 Richardson Street, Level 2, Perth, WA, AUS, 6005

Website

https://www.fireflymetals.com.au

FireFly Metals Ltd is a high-grade copper and gold explorer developer in Canada. The company advances the Green Bay Copper-Gold Ming Mine project in Newfoundland & Labrador and exploring the high-grade Pickle Crow Gold project in Ontario.