Rio Tinto (Rio Tinto) Change In Inventory : $-422 Mil (TTM As of Dec. 2023)

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What is Rio Tinto Change In Inventory?

Rio Tinto's change in inventory for the quarter that ended in Dec. 2023 was $-129 Mil. It means Rio Tinto's inventory increased by $129 Mil from Jun. 2023 to Dec. 2023 .

Rio Tinto's change in inventory for the fiscal year that ended in Dec. 2023 was $-422 Mil. It means Rio Tinto's inventory increased by $422 Mil from Dec. 2022 to Dec. 2023 .

Rio Tinto's Total Inventories for the quarter that ended in Dec. 2023 was $6,659 Mil.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Rio Tinto's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.00.

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. Rio Tinto's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.

Rio Tinto Change In Inventory Historical Data

The historical data trend for Rio Tinto's Change In Inventory 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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Rio Tinto Change In Inventory Chart

Rio Tinto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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28.00

-281.00

-1,397.00

-1,185.00

-422.00

Rio Tinto Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-879.00	-582.00	-603.00	-293.00	-129.00

Rio Tinto Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-422 Mil.

Rio Tinto (NYSE:RIO) Change In Inventory Explanation

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

Rio Tinto's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6541	/	0	*	365 / 2
	=	N/A

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Rio Tinto's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	6541
	=	0.00

3. 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.

Rio Tinto's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6541	/	27374
	=	0.24

Rio Tinto Change In Inventory Related Terms

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Rio Tinto (Rio Tinto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio Tinto PLC (NYSE:RIO) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

RTPPF:USA RIO N:Mexico RIOl:UK RIO:UK RIO1:Germany RIOT34:Brazil RIO:Argentina

Address

6 St James’s Square, London, GBR, SW1Y 4AD

Website

https://www.riotinto.com

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.