Andrada Mining (LSE:ATM) Inventory Turnover : 2.51 (As of Aug. 2023)

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What is Andrada Mining 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. Andrada Mining's Cost of Goods Sold for the six months ended in Aug. 2023 was £7.33 Mil. Andrada Mining's Average Total Inventories for the quarter that ended in Aug. 2023 was £2.92 Mil. Andrada Mining's Inventory Turnover for the quarter that ended in Aug. 2023 was 2.51.

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 six months ended in Aug. 2023 was 72.74.

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 Inventory Turnover Historical Data

The historical data trend for Andrada Mining'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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Andrada Mining Inventory Turnover Chart

Andrada Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Inventory Turnover

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0.35

8.02

7.60

5.10

Andrada Mining Semi-Annual Data
	Feb15	Feb16	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Inventory Turnover	Get a 7-Day Free Trial										3.26	3.71	3.97	2.34	2.51

Andrada Mining Inventory Turnover Calculation

Andrada Mining's Inventory Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Inventory Turnover (A: Feb. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2023 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )
=	10.509	/ (	(1.452	+	2.667)	/	2 )
=	10.509	/	2.0595
=	5.10

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

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	7.325	/ (	(2.667	+	3.172)	/	2 )
=	7.325	/	2.9195
=	2.51

Andrada Mining (LSE:ATM) 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.

Andrada Mining's Days Inventory for the six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	2.9195	/	7.325	*	365 / 2
	=	72.74

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	2.9195	/	8.847
	=	0.33

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.

Andrada Mining Inventory Turnover Related Terms

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Andrada Mining (LSE:ATM) Business Description

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

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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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