Stanmore Resources (ASX:SMR) Inventory Turnover : 1.45 (As of Dec. 2023)

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What is Stanmore Resources 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. Stanmore Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$394 Mil. Stanmore Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was A$271 Mil. Stanmore Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stanmore Resources's Days Inventory for the six months ended in Dec. 2023 was 125.59.

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. Stanmore Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Stanmore Resources Inventory Turnover Historical Data

The historical data trend for Stanmore Resources'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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Stanmore Resources Inventory Turnover Chart

Stanmore Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Inventory Turnover

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9.53

4.91

7.01

8.19

2.53

Stanmore Resources 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															5.34	6.41	1.85	0.71	1.45

Stanmore Resources Inventory Turnover Calculation

Stanmore Resources'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 )
=	547.7	/ (	(159.315	+	272.954)	/	2 )
=	547.7	/	216.1345
=	2.53

Stanmore Resources'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 )
=	394.267	/ (	(269.69	+	272.954)	/	2 )
=	394.267	/	271.322
=	1.45

Stanmore Resources (ASX:SMR) 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.

Stanmore Resources'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
	=	271.322	/	394.267	*	365 / 2
	=	125.59

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.

Stanmore Resources'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 )
	=	271.322	/	1957.439
	=	0.14

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.

Stanmore Resources Inventory Turnover Related Terms

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Stanmore Resources (ASX:SMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Stanmore Resources Ltd (ASX:SMR) » Definitions » Inventory Turnover

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STMRF:USA S0D:Germany

Address

12 Creek Street, Level 32, Brisbane, QLD, AUS, 4000

Website

https://www.stanmore.net.au

Stanmore Resources Ltd is an Australian resources company with operations and exploration projects in the Bowen and Surat Basins. Its foundation asset is the Isaac Plains Complex that comprises current open-cut operations at Isaac Plains East and the Isaac Downs Open Cut, as well as the Isaac Plains Underground development project.