Griffin Mining (LSE:GFM) Change In Inventory : £1.8 Mil (TTM As of Dec. 2023)

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What is Griffin Mining Change In Inventory?

Griffin Mining's change in inventory for the quarter that ended in Dec. 2023 was £-0.2 Mil. It means Griffin Mining's inventory increased by £0.2 Mil from Jun. 2023 to Dec. 2023 .

Griffin Mining's change in inventory for the fiscal year that ended in Dec. 2023 was £1.8 Mil. It means Griffin Mining's inventory declined by £1.8 Mil from Dec. 2022 to Dec. 2023 .

Griffin Mining's Total Inventories for the quarter that ended in Dec. 2023 was £4.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Griffin Mining's Days Inventory for the quarter that ended in Dec. 2023 was 18.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Griffin Mining's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.64.

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. Griffin Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Griffin Mining Change In Inventory Historical Data

The historical data trend for Griffin Mining's Change In Inventory 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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Griffin Mining Change In Inventory Chart

Griffin Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.85

-1.11

0.61

-2.92

1.78

Griffin Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															1.31	-3.80	0.92	2.02	-0.24

Griffin Mining Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1.8 Mil.

Griffin Mining (LSE:GFM) Change In Inventory Explanation

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

Griffin Mining's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.492	/	43.304	*	365 / 2
	=	18.93

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Griffin Mining's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	43.304	/	4.492
	=	9.64

3. 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.

Griffin Mining's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.492	/	67.085
	=	0.07

Griffin Mining Change In Inventory Related Terms

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Griffin Mining (LSE:GFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Griffin Mining Ltd (LSE:GFM) » Definitions » Change In Inventory

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Traded in Other Exchanges

GG7:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

http://www.griffinmining.com

Griffin Mining Ltd is a mining and investment company. It is principally engaged in mining and exploration activities. The company is engaged in the Caijiaying zinc gold mine in the PRC.

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