Alpha HPA (ASX:A4N) Inventory Turnover : 0.01 (As of Dec. 2023)

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What is Alpha HPA 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. Alpha HPA's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.03 Mil. Alpha HPA's Average Total Inventories for the quarter that ended in Dec. 2023 was A$1.86 Mil. Alpha HPA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alpha HPA's Days Inventory for the six months ended in Dec. 2023 was 12,551.94.

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. Alpha HPA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 74.28.

Alpha HPA Inventory Turnover Historical Data

The historical data trend for Alpha HPA'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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Alpha HPA Inventory Turnover Chart

Alpha HPA Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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2.36

0.02

Alpha HPA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	0.13	0.01	0.01

Alpha HPA Inventory Turnover Calculation

Alpha HPA's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	0.013	/ (	(0.011	+	1.11)	/	2 )
=	0.013	/	0.5605
=	0.02

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.027	/ (	(1.11	+	2.604)	/	2 )
=	0.027	/	1.857
=	0.01

Alpha HPA (ASX:A4N) 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.

Alpha HPA's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.857	/	0.027	*	365 / 2
	=	12,551.94

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.857	/	0.025
	=	74.28

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.

Alpha HPA Inventory Turnover Related Terms

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Alpha HPA (ASX:A4N) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alpha HPA Ltd (ASX:A4N) » Definitions » Inventory Turnover

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Address

66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.alphahpa.com.au

Alpha HPA Ltd is an Australian based mineral exploration and development company. The company is focused on the Collerina aluminium-nickel-cobalt project in central New South Wales. It operates through the following segments: HPA First Project in Queensland and Minerals exploration in New South Wales.

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