Sayona Mining (ASX:SYA) Inventory Turnover : -0.13 (As of Dec. 2023)

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What is Sayona Mining 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. Sayona Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was A$-6.6 Mil. Sayona Mining's Average Total Inventories for the quarter that ended in Dec. 2023 was A$51.7 Mil. Sayona Mining's Inventory Turnover for the quarter that ended in Dec. 2023 was -0.13.

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

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. Sayona Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

Sayona Mining Inventory Turnover Historical Data

The historical data trend for Sayona Mining'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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Sayona Mining Inventory Turnover Chart

Sayona Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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-0.75

Sayona Mining 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															-	-	-	-1.27	-0.13

Sayona Mining Inventory Turnover Calculation

Sayona Mining'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 )
=	-36.348	/ (	(0	+	48.664)	/	1 )
=	-36.348	/	48.664
=	-0.75

Sayona Mining'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 )
=	-6.647	/ (	(48.664	+	54.817)	/	2 )
=	-6.647	/	51.7405
=	-0.13

Sayona Mining (ASX:SYA) 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.

Sayona Mining'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
	=	51.7405	/	-6.647	*	365 / 2
	=

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.

Sayona Mining'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 )
	=	51.7405	/	118.783
	=	0.44

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.

Sayona Mining Inventory Turnover Related Terms

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Sayona Mining (ASX:SYA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sayona Mining Ltd (ASX:SYA) » Definitions » Inventory Turnover

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SYAXF:USA DML:Germany

Address

283 Given Terrace, Unit 68, Paddington, QLD, AUS, 4064

Website

https://www.sayonamining.com.au

Sayona Mining Ltd is a mineral exploration and development company. The principal activity of the company is the identification, acquisition and evaluation of mineral exploration assets, focusing on lithium and graphite. The company's primary focus is the development of the advanced-stage Authier lithium project in Quebec, Canada. It also holds interests in East Kimberley Graphite Project and West Australian Lithium Project.

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