Coronado Global Resources (ASX:CRN) Inventory Turnover : 4.30 (As of Dec. 2023)

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What is Coronado Global 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. Coronado Global Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1,449 Mil. Coronado Global Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was A$337 Mil. Coronado Global Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coronado Global Resources's Days Inventory for the six months ended in Dec. 2023 was 42.46.

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. Coronado Global Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Coronado Global Resources Inventory Turnover Historical Data

The historical data trend for Coronado Global 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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Coronado Global Resources Inventory Turnover Chart

Coronado Global Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.26

7.06

10.69

8.27

7.79

Coronado Global Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						5.32	6.73	4.25	2.97	4.30

Coronado Global Resources Inventory Turnover Calculation

Coronado Global Resources's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2587.055	/ (	(377.221	+	287.265)	/	2 )
=	2587.055	/	332.243
=	7.79

Coronado Global Resources'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 )
=	1449.47	/ (	(387.245	+	287.265)	/	2 )
=	1449.47	/	337.255
=	4.30

Coronado Global Resources (ASX:CRN) 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.

Coronado Global Resources'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
	=	337.255	/	1449.47	*	365 / 2
	=	42.46

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.

Coronado Global Resources'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 )
	=	337.255	/	1998.149
	=	0.17

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.

Coronado Global Resources Inventory Turnover Related Terms

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Coronado Global Resources (ASX:CRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Coronado Global Resources Inc (ASX:CRN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CODQL:USA 0QE:Germany

Address

345 Queen Street, Level 33, Central Plaza One, Brisbane, QLD, AUS, 4000

Website

https://www.coronadoglobal.com

Coronado Global Resources Inc is a producer of high-quality metallurgical coal, an essential element in the production of steel. Its geographical segment includes Australia and the United States. It derives the majority of its revenue from Australia. The Company's mining operations and development projects are located in Queensland, Australia, Pennsylvania, Virginia, and West Virginia in the United States.

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