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Fortress Minerals (SGX:OAJ) Inventory-to-Revenue : 0.22 (As of Aug. 2023)


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What is Fortress Minerals Inventory-to-Revenue?

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. Fortress Minerals's Average Total Inventories for the quarter that ended in Aug. 2023 was S$5.14 Mil. Fortress Minerals's Revenue for the three months ended in Aug. 2023 was S$23.39 Mil. Fortress Minerals's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.22.

Fortress Minerals's Inventory-to-Revenue for the quarter that ended in Aug. 2023 declined from May. 2023 (0.34) to May. 2023 (0.22)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fortress Minerals's Days Inventory for the three months ended in Aug. 2023 was 59.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortress Minerals's Inventory Turnover for the quarter that ended in Aug. 2023 was 1.54.


Fortress Minerals Inventory-to-Revenue Historical Data

The historical data trend for Fortress Minerals's Inventory-to-Revenue 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.

* Premium members only.

Fortress Minerals Inventory-to-Revenue Chart

Fortress Minerals Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Inventory-to-Revenue
Get a 7-Day Free Trial 0.02 0.03 0.02 0.05 0.07

Fortress Minerals Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.31 0.36 0.34 0.22

Competitive Comparison of Fortress Minerals's Inventory-to-Revenue

For the Steel subindustry, Fortress Minerals's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fortress Minerals's Inventory-to-Revenue Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Fortress Minerals's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Fortress Minerals's Inventory-to-Revenue falls into.



Fortress Minerals Inventory-to-Revenue Calculation

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.

Fortress Minerals's Inventory-to-Revenue for the fiscal year that ended in Feb. 2023 is calculated as

Inventory-to-Revenue (A: Feb. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Feb. 2022 ) + Total Inventories (A: Feb. 2023 )) / count ) / Revenue (A: Feb. 2023 )
=( (4.179 + 6.223) / 2 ) / 71.325
=5.201 / 71.325
=0.07

Fortress Minerals's Inventory-to-Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue (Q: Aug. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: May. 2023 ) + Total Inventories (Q: Aug. 2023 )) / count ) / Revenue (Q: Aug. 2023 )
=( (5.799 + 4.488) / 2 ) / 23.392
=5.1435 / 23.392
=0.22

* 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.


Fortress Minerals  (SGX:OAJ) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Fortress Minerals's Days Inventory for the three months ended in Aug. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Aug. 2023 )/Cost of Goods Sold (Q: Aug. 2023 )*Days in Period
=5.1435/7.928*365 / 4
=59.20

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

Fortress Minerals's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Aug. 2023 ) / Average Total Inventories (Q: Aug. 2023 )
=7.928 / 5.1435
=1.54

* 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.


Fortress Minerals Inventory-to-Revenue Related Terms

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Fortress Minerals (SGX:OAJ) Business Description

Traded in Other Exchanges
N/A
Address
9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150
Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

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