Blue Star Helium (Blue Star Helium) Inventory Turnover : -0.45 (As of Dec. 2023)

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What is Blue Star Helium 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. Blue Star Helium's Cost of Goods Sold for the six months ended in Dec. 2023 was $-0.07 Mil. Blue Star Helium's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.15 Mil. Blue Star Helium's Inventory Turnover for the quarter that ended in Dec. 2023 was -0.45.

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

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. Blue Star Helium's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 48.33.

Blue Star Helium Inventory Turnover Historical Data

The historical data trend for Blue Star Helium'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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Blue Star Helium Inventory Turnover Chart

Blue Star Helium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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-0.49

Blue Star Helium Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-0.45

Blue Star Helium Inventory Turnover Calculation

Blue Star Helium'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 )
=	-0.071	/ (	(0	+	0.145)	/	1 )
=	-0.071	/	0.145
=	-0.49

Blue Star Helium'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 )
=	-0.065	/ (	(0	+	0.145)	/	1 )
=	-0.065	/	0.145
=	-0.45

Blue Star Helium (OTCPK:BSNLF) 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.

Blue Star Helium'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
	=	0.145	/	-0.065	*	365 / 2
	=

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.

Blue Star Helium'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 )
	=	0.145	/	0.003
	=	48.33

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.

Blue Star Helium Inventory Turnover Related Terms

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Blue Star Helium (Blue Star Helium) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Blue Star Helium Ltd (OTCPK:BSNLF) » Definitions » Inventory Turnover

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BNL:Australia

Address

194 Hay Street, Subiaco, WA, AUS, 6008

Website

https://www.bluestarhelium.com

Blue Star Helium Ltd is engaged in oil and gas (helium) production, exploration, and development. Its assets are spread in United States. The company provides its shareholders with exposure to multiple high-value helium projects and conventional oil assets in North America. the Company is organized into one operating segment, which involves helium including oil and gas exploration, development and production in the USA.

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