Alita Resources (SGX:40F) Inventory Turnover : 0.50 (As of Dec. 2018)

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What is Alita 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. Alita Resources's Cost of Goods Sold for the three months ended in Dec. 2018 was S$12.77 Mil. Alita Resources's Average Total Inventories for the quarter that ended in Dec. 2018 was S$25.59 Mil. Alita Resources's Inventory Turnover for the quarter that ended in Dec. 2018 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alita Resources's Days Inventory for the three months ended in Dec. 2018 was 182.84.

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. Alita Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 1.85.

Alita Resources Inventory Turnover Historical Data

The historical data trend for Alita 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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Alita Resources Inventory Turnover Chart

Alita Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Inventory Turnover

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0.12

Alita Resources Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Inventory Turnover	Get a 7-Day Free Trial															-	-	1.46	0.50	-

Alita Resources Inventory Turnover Calculation

Alita Resources's Inventory Turnover for the fiscal year that ended in Jun. 2018 is calculated as

	Inventory Turnover (A: Jun. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2018 )	/ (	(Total Inventories (A: Jun. 2017 )	+	Total Inventories (A: Jun. 2018 ))	/	count )
=	0.103	/ (	(0	+	0.851)	/	1 )
=	0.103	/	0.851
=	0.12

Alita Resources's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

	Inventory Turnover (Q: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2018 )	/ (	(Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Dec. 2018 ))	/	count )
=	12.771	/ (	(15.224	+	35.956)	/	2 )
=	12.771	/	25.59
=	0.50

Alita Resources (SGX:40F) 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.

Alita Resources's Days Inventory for the three months ended in Dec. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2018 )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
	=	25.59	/	12.771	*	365 / 4
	=	182.84

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.

Alita Resources's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2018 )	/	Revenue (Q: Dec. 2018 )
	=	25.59	/	13.82
	=	1.85

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.

Alita Resources Inventory Turnover Related Terms

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Alita Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alita Resources Ltd (SGX:40F) » Definitions » Inventory Turnover

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Address

Level 3, 20 Parkland Road, Osborne Park, Perth, WA, AUS, 6017

Website

http://www.alitaresources.com.au

Alita Resources Ltd, formerly Alliance Mineral Assets Ltd is a mining company primarily engaged in the business of developing and producing lithium (spodumene) concentrate. Its principal project is the Bald Hill Lithium and Tantalum Mine which is located south east of Kambalda in the Eastern Goldfields region of Western Australia.

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