Sherritt International (TSX:S) Inventory Turnover : 0.64 (As of Sep. 2024)

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What is Sherritt International 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. Sherritt International's Cost of Goods Sold for the three months ended in Sep. 2024 was C$25.4 Mil. Sherritt International's Average Total Inventories for the quarter that ended in Sep. 2024 was C$39.6 Mil. Sherritt International's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sherritt International's Days Inventory for the three months ended in Sep. 2024 was 142.08.

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. Sherritt International's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.20.

Sherritt International Inventory Turnover Historical Data

The historical data trend for Sherritt International'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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Sherritt International Inventory Turnover Chart

Sherritt International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.64

5.07

4.92

4.79

6.85

Sherritt International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.15	1.42	0.64	0.99	0.64

Sherritt International Inventory Turnover Calculation

Sherritt International'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 )
=	265.5	/ (	(37.7	+	39.8)	/	2 )
=	265.5	/	38.75
=	6.85

Sherritt International's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	25.4	/ (	(38.7	+	40.4)	/	2 )
=	25.4	/	39.55
=	0.64

Sherritt International (TSX:S) 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.

Sherritt International's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	39.55	/	25.4	*	365 / 4
	=	142.08

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.

Sherritt International's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	39.55	/	32.9
	=	1.20

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.

Sherritt International Inventory Turnover Related Terms

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Sherritt International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sherritt International Corp (TSX:S) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SHERF:USA HRT:Germany

Address

22 Adelaide Street West, Suite 4220, Toronto, ON, CAN, M5H 4E3

Website

https://www.sherritt.com

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Europe, Asia, Cuba, North America, and others regions. Its segment includes Metals, Power, Oil and Gas, Technologies and Corporate. The Metals segment which generates the majority of the revenue is composed of mining, processing and refining activities of nickel and cobalt for its interest in Moa JV in Cuba and Canada. The Power segment represents the power operations in Cuba, including its interest in Energas; The Oil and Gas segment is exploring for oil and gas in Cuba and the Technologies segment represents the its technology group which delivers essential technical support for its operations.

Executives

Gregory Timothy Honig	Senior Officer
Leon Binedell	Director, Senior Officer
Yasmin Gabriel	Senior Officer
Peter James Hancock	Director
Maryse Belanger	Director
Karen Lynn Trenton	Senior Officer
Stephen James Wood	Senior Officer