Strategic Minerals Europe (NEOE:SNTA) Inventory Turnover : 0.67 (As of Mar. 2024)

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What is Strategic Minerals Europe 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 Europe's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.40 Mil. Strategic Minerals Europe's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.60 Mil. Strategic Minerals Europe's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strategic Minerals Europe's Days Inventory for the three months ended in Mar. 2024 was 136.54.

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 Europe Inventory Turnover Historical Data

The historical data trend for Strategic Minerals Europe'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 Europe Inventory Turnover Chart

Strategic Minerals Europe Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

15.17

14.70

10.13

12.06

Strategic Minerals Europe Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial										2.47	1.79	2.78	1.73	0.67

Strategic Minerals Europe Inventory Turnover Calculation

Strategic Minerals Europe'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 )
=	11.32	/ (	(1.269	+	0.609)	/	2 )
=	11.32	/	0.939
=	12.06

Strategic Minerals Europe's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.403	/ (	(0.609	+	0.597)	/	2 )
=	0.403	/	0.603
=	0.67

Strategic Minerals Europe (NEOE:SNTA) 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 Europe's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.603	/	0.403	*	365 / 4
	=	136.54

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 Europe's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.603	/	0
	=

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 Europe Inventory Turnover Related Terms

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Strategic Minerals Europe (NEOE:SNTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Minerals Europe Corp (NEOE:SNTA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SNTAF:USA

Address

Calle Nunez de Balboa 116, 3 0, Office 2B, Madrid, ESP, 28006

Website

https://www.strategicminerals.com

Strategic Minerals Europe Corp is engaged in the identification, exploration, and development of mineral resource properties in Spain. It holds permits and licenses related to two Spanish mining projects called the Alberta II project and the Penouta project.

Strategic Minerals Europe (NEOE:SNTA) Headlines

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