Bowen Coking Coal (ASX:BCB) Inventory Turnover : 0.44 (As of Dec. 2023)

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What is Bowen Coking Coal 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. Bowen Coking Coal's Cost of Goods Sold for the six months ended in Dec. 2023 was A$21.7 Mil. Bowen Coking Coal's Average Total Inventories for the quarter that ended in Dec. 2023 was A$49.6 Mil. Bowen Coking Coal's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bowen Coking Coal's Days Inventory for the six months ended in Dec. 2023 was 416.41.

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. Bowen Coking Coal's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

Bowen Coking Coal Inventory Turnover Historical Data

The historical data trend for Bowen Coking Coal'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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Bowen Coking Coal Inventory Turnover Chart

Bowen Coking Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.37

Bowen Coking Coal 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															-	-	-1.70	1.00	0.44

Bowen Coking Coal Inventory Turnover Calculation

Bowen Coking Coal'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	/ (	(6	+	60.485)	/	2 )
=	0	/	33.2425
=	0.00

Bowen Coking Coal'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 )
=	21.744	/ (	(60.485	+	38.741)	/	2 )
=	21.744	/	49.613
=	0.44

Bowen Coking Coal (ASX:BCB) 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.

Bowen Coking Coal'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
	=	49.613	/	21.744	*	365 / 2
	=	416.41

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.

Bowen Coking Coal'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 )
	=	49.613	/	231.614
	=	0.21

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.

Bowen Coking Coal Inventory Turnover Related Terms

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Bowen Coking Coal (ASX:BCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bowen Coking Coal Ltd (ASX:BCB) » Definitions » Inventory Turnover

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Address

167 Eagle Street, Level 4, Brisbane, QLD, AUS, 4000

Website

https://www.bowencokingcoal.com.au

Bowen Coking Coal Ltd is a coking coal exploration company. The firm holds the Broadmeadow East, Hillalong, Isaac River, Cooroorah, and Comet Ridge Coking Coal Projects, Bluff Mine, located in the Bowen Basin in Queensland, Australia. Also, BCB is a joint venture partner in the Lilyvale (15% interest) and Mackenzie (5% interest) Coking Coal Projects. The Group operates in one geographical location being Australia and its operations are organized into two business units being the exploration and development of coal and mining and sale of coal.

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