Andrada Mining (LSE:ATM) Change In Inventory : £-2.24 Mil (TTM As of Aug. 2023)

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What is Andrada Mining Change In Inventory?

Andrada Mining's change in inventory for the quarter that ended in Aug. 2023 was £-0.71 Mil. It means Andrada Mining's inventory increased by £0.71 Mil from Feb. 2023 to Aug. 2023 .

Andrada Mining's change in inventory for the fiscal year that ended in Feb. 2023 was £-1.47 Mil. It means Andrada Mining's inventory increased by £1.47 Mil from Feb. 2022 to Feb. 2023 .

Andrada Mining's Total Inventories for the quarter that ended in Aug. 2023 was £3.17 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Andrada Mining's Days Inventory for the quarter that ended in Aug. 2023 was 72.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Andrada Mining's Inventory Turnover for the quarter that ended in Aug. 2023 was 2.51.

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. Andrada Mining's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.33.

Andrada Mining Change In Inventory Historical Data

The historical data trend for Andrada Mining'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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Andrada Mining Change In Inventory Chart

Andrada Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Change In Inventory

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-0.03

-0.24

-0.75

-0.42

-1.47

Andrada Mining Semi-Annual Data
	Feb15	Feb16	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Change In Inventory	Get a 7-Day Free Trial										-0.38	-0.04	0.06	-1.53	-0.71

Andrada Mining 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.24 Mil.

Andrada Mining (LSE:ATM) Change In Inventory Explanation

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

Andrada Mining's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.9195	/	7.325	*	365 / 2
	=	72.74

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

Andrada Mining's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.325	/	2.9195
	=	2.51

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.

Andrada Mining's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.9195	/	8.847
	=	0.33

Andrada Mining Change In Inventory Related Terms

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Andrada Mining (LSE:ATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andrada Mining Ltd (LSE:ATM) » Definitions » Change In Inventory

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Traded in Other Exchanges

9IA:Germany

Address

Oak House, Hirzel Street, P.O. Box 282, Saint Peter Port, GGY, GY1 3RH

Website

https://www.andradamining.com

Andrada Mining Ltd is a Guernsey-based mining company. The company's geographical segments include South Africa and Namibia. The company's project consists of the Uis Tin project and Mokopane Tin project. It derives a majority of its revenue from the Namibia region. The company's asset includes Lithium Ridge (Nai-Nais), Spodumene Hill, Brandberg West.

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