Helium One Global (Helium One Global) Inventory Turnover : 0.13 (As of Dec. 2023)

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What is Helium One Global 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. Helium One Global's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.12 Mil. Helium One Global's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.91 Mil. Helium One Global'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. Helium One Global's Days Inventory for the six months ended in Dec. 2023 was 1,374.03.

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. Helium One Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 911.00.

Helium One Global Inventory Turnover Historical Data

The historical data trend for Helium One Global'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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Helium One Global Inventory Turnover Chart

Helium One Global Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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0.03

0.01

Helium One Global Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						0.01	0.03	0.03	-	0.13

Helium One Global Inventory Turnover Calculation

Helium One Global'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 )
=	0.007	/ (	(0.118	+	1.476)	/	2 )
=	0.007	/	0.797
=	0.01

Helium One Global'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 )
=	0.121	/ (	(1.476	+	0.346)	/	2 )
=	0.121	/	0.911
=	0.13

Helium One Global (OTCPK:HLOGF) 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.

Helium One Global'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
	=	0.911	/	0.121	*	365 / 2
	=	1,374.03

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.

Helium One Global'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 )
	=	0.911	/	0.001
	=	911.00

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.

Helium One Global Inventory Turnover Related Terms

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Helium One Global (Helium One Global) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Helium One Global Ltd (OTCPK:HLOGF) » Definitions » Inventory Turnover

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HE1:UK 9K3:Germany

Address

Wickhams Cay II, Vistra Corporate Services Centre, Tortola, Road Town, VGB, VG1110

Website

https://www.helium-one.com

Helium One Global Ltd is a Helium exploration company. It is predominantly involved in helium exploration and holds three distinct project areas within the Company's portfolio in Tanzania: the Rukwa, Eyasi, and Balangida Projects. The company has two key geographical segments, being the British Virgin Islands which derives the majority of the revenue and Tanzania.

Helium One Global (Helium One Global) Headlines

From GuruFocus

Helium One Global Ltd at 121 Mining Investment London Conference Transcript

By GuruFocus Research • 02-13-2024