Hummingbird Resources (LSE:HUM) Inventory Turnover : 4.18 (As of Jun. 2023)

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What is Hummingbird 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. Hummingbird Resources's Cost of Goods Sold for the six months ended in Jun. 2023 was £61.3 Mil. Hummingbird Resources's Average Total Inventories for the quarter that ended in Jun. 2023 was £14.7 Mil. Hummingbird Resources's Inventory Turnover for the quarter that ended in Jun. 2023 was 4.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hummingbird Resources's Days Inventory for the six months ended in Jun. 2023 was 43.61.

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. Hummingbird Resources's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.18.

Hummingbird Resources Inventory Turnover Historical Data

The historical data trend for Hummingbird 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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Hummingbird Resources Inventory Turnover Chart

Hummingbird Resources Annual Data

Trend

May13

May14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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14.81

8.08

7.31

9.51

12.20

Hummingbird Resources Semi-Annual Data
	Nov13	May14	Nov14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															4.27	5.52	6.65	5.93	4.18

Hummingbird Resources Inventory Turnover Calculation

Hummingbird Resources's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	139.163	/ (	(9.887	+	12.929)	/	2 )
=	139.163	/	11.408
=	12.20

Hummingbird Resources's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	61.311	/ (	(12.929	+	16.372)	/	2 )
=	61.311	/	14.6505
=	4.18

Hummingbird Resources (LSE:HUM) 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.

Hummingbird Resources's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	14.6505	/	61.311	*	365 / 2
	=	43.61

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.

Hummingbird Resources's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	14.6505	/	81.73
	=	0.18

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.

Hummingbird Resources Inventory Turnover Related Terms

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Hummingbird Resources (LSE:HUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hummingbird Resources PLC (LSE:HUM) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HUMRF:USA HUM.GB:UK 2HM:Germany

Address

49-63 Spencer Street, Hockley, Birmingham, West Midlands, GBR, B18 6DE

Website

https://www.hummingbirdresources.co.uk

Hummingbird Resources PLC along with its subsidiaries explores, evaluates, and develops mineral projects principally gold, focused in West Africa. The company operates in Liberia, Guinea, and Mali. Its project portfolio includes Yanfolila Gold Project in Mali and Dugbe Gold Project in Liberia.