What is Atlas Lithium Corporation's inventory turnover?

Atlas Lithium Corporation (ATLX) reported inventory turnover of 0.1× in Q1 2026.

How has Atlas Lithium Corporation's inventory turnover changed year-over-year?

Atlas Lithium Corporation's inventory turnover decreased by 91.9% year-over-year, from 1.8× to 0.1×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Atlas Lithium Corporation ATLX Inventory turnover

Inventory turnover at other companies

American Battery Technology CompanyABAT

42.3×+18.6×

AlbemarleALB

3×+0.2×

Ivanhoe ElectricIE

0.4×-0.4×

UltralifeULBI

2.8×+0.1×

NACCO IndustriesNC

6.3×+2.2×

Enovix CorporationENVX

2×-0.7×

Other financials

Income statement

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Revenue$74.4K+195%

Gross profit$72.0K+215%

Operating income-$16.8M-70.9%

Net income-$13.6M-50.4%

EPS (diluted)-$0.50+9.1%

Balance sheet

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Cash & equivalents$34.4M+145%

Total debt$10.8M+1,387%

Total equity$45.4M+92.2%

Total assets$87.4M+43.8%

Cash flow

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Operating cash flow-$10.6M-141%

CapEx$1.2M-61.8%

Free cash flow-$11.8M-56.2%

Valuation

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Market cap$108.82M+54.1%

Enterprise value$85.22M+48.7%

P/S768×+566×

Profitability

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Gross margin1.3%—

Operating margin-27,254.8%-47,134pp

Net margin-23,042%-45,756pp

FCF margin-22,949.6%-43,436pp

Returns & leverage

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Return on equity-94.5%-38.3pp

Debt / equity0.2×+0.2×

Current ratio2.5×+0.2×

Where this comes from

Calculated from Atlas Lithium Corporation’s reported figures.

total cost of revenue/inventories=0.1×

Based on trailing twelve months.

The official record: Atlas Lithium Corporation’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Atlas Lithium Corporation's inventory turnover?: Atlas Lithium Corporation (ATLX) reported inventory turnover of 0.1× in Q1 2026.
How has Atlas Lithium Corporation's inventory turnover changed year-over-year?: Atlas Lithium Corporation's inventory turnover decreased by 91.9% year-over-year, from 1.8× to 0.1×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.