BlackGold Natural Resources (SGX:41I) Inventory Turnover : 3.52 (As of Sep. 2022)

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What is BlackGold Natural 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. BlackGold Natural Resources's Cost of Goods Sold for the three months ended in Sep. 2022 was S$5.77 Mil. BlackGold Natural Resources's Average Total Inventories for the quarter that ended in Sep. 2022 was S$1.64 Mil. BlackGold Natural Resources's Inventory Turnover for the quarter that ended in Sep. 2022 was 3.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BlackGold Natural Resources's Days Inventory for the three months ended in Sep. 2022 was 25.89.

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. BlackGold Natural Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.34.

BlackGold Natural Resources Inventory Turnover Historical Data

The historical data trend for BlackGold Natural 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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BlackGold Natural Resources Inventory Turnover Chart

BlackGold Natural Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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7.76

3.41

2.48

7.66

17.91

BlackGold Natural Resources Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															5.16	7.94	3.18	1.48	3.52

BlackGold Natural Resources Inventory Turnover Calculation

BlackGold Natural Resources's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	11.023	/ (	(0.551	+	0.68)	/	2 )
=	11.023	/	0.6155
=	17.91

BlackGold Natural Resources's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	5.77	/ (	(2.544	+	0.73)	/	2 )
=	5.77	/	1.637
=	3.52

BlackGold Natural Resources (SGX:41I) 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.

BlackGold Natural Resources's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	1.637	/	5.77	*	365 / 4
	=	25.89

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.

BlackGold Natural Resources's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	1.637	/	4.815
	=	0.34

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.

BlackGold Natural Resources Inventory Turnover Related Terms

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BlackGold Natural Resources (SGX:41I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » BlackGold Natural Resources Ltd (SGX:41I) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

7 Temasek Boulevard, No. 08-07, Suntec Tower One, Singapore, SGP, 038987

Website

http://www.blackgold-group.com

BlackGold Natural Resources Ltd is an investment holding company. It operates in a single segment of exploration and mining of coal in Indonesia. The company supplies coal to power plants located in Riau province, Sumatra, Indonesia. It generates the majority of its revenue from Coal sales, followed by Provision for freight services.

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