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Rocky Mountain Industrials (Rocky Mountain Industrials) Inventory Turnover : 1.40 (As of Jun. 2023)


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What is Rocky Mountain Industrials 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. Rocky Mountain Industrials's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.14 Mil. Rocky Mountain Industrials's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.10 Mil. Rocky Mountain Industrials's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rocky Mountain Industrials's Days Inventory for the three months ended in Jun. 2023 was 65.18.

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. Rocky Mountain Industrials's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.74.


Rocky Mountain Industrials Inventory Turnover Historical Data

The historical data trend for Rocky Mountain Industrials'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.

* Premium members only.

Rocky Mountain Industrials Inventory Turnover Chart

Rocky Mountain Industrials Annual Data
Trend Sep14 Sep15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.32 32.41 69.90 94.84 18.41

Rocky Mountain Industrials Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.82 7.05 4.46 2.41 1.40

Rocky Mountain Industrials Inventory Turnover Calculation

Rocky Mountain Industrials's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Inventory Turnover (A: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2023 ) / ((Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count )
=1.169 / ((0.025 + 0.102) / 2 )
=1.169 / 0.0635
=18.41

Rocky Mountain Industrials's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Jun. 2023 )) / count )
=0.14 / ((0.102 + 0.098) / 2 )
=0.14 / 0.1
=1.40

* 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.


Rocky Mountain Industrials  (OTCPK:RMRI) 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.

Rocky Mountain Industrials's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0.1/0.14*365 / 4
=65.18

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.

Rocky Mountain Industrials's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.1 / 0.135
=0.74

* 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.


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.


Rocky Mountain Industrials Inventory Turnover Related Terms

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Rocky Mountain Industrials (Rocky Mountain Industrials) Business Description

Traded in Other Exchanges
N/A
Address
6200 South Syracuse Way, Suite 450, Greenwood Village, CO, USA, 80111
Rocky Mountain Industrials Inc is an exploration stage company dedicated to operating industrial assets in the United States including minerals, materials, and services. The company's operating segment includes Aggregates and Rail Park. It generates maximum revenue from the Aggregates segment. The Aggregates segment produces chemical grade lime for use in the aggregates market. Its Rail Park segment consists of land under development to provide a rail terminal and services facility.
Executives
Michael Okada officer: Chief Financial Officer 300 N. CONTINENTAL BLVD. #100, EL SEGUNDO CA 90245
Chad T. Brownstein director, 10 percent owner, officer: Chief Executive Officer 555 SOUTH BARRINGTON AVENUE, #216, LOS ANGELES CA 90049
Rocky Mountain Resource Holdings Inc. 10 percent owner 9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Gregory M. Dangler director, 10 percent owner, officer: President, CFO & Secretary 9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Principio Management Llc 10 percent owner 9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
77727111, Llc 10 percent owner 9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Munitz Family Trust 10 percent owner 507 EUCLID STREET SANTA MONICA CA 90402
Andrew Peltz director 9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Legado Del Rey, Llc 10 percent owner 121 SOUTH BEVERLY DRIVE BEVERLY HILLS CA 90212
Edward Czuker 10 percent owner 121 SOUTH BEVERLY DRIVE BEVERLY HILLS CA 90212

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