SHV 2.30% $4.45 select harvests limited

Inventory Irregularity

  1. 55 Posts.
    I carried out some research today and I'm left a little stumped.

    SHV advised 2015 yield was around 14500 tonne, with an average sale price of $11.5kg. Revenues in this 2015 period for the Almond division were reported at 115m / $11.5per kg = 10,000 tonnes. Meaning they have 4500 tonne remaining in inventory.

    In 2014, yield was 10500 tonne, revenue 88m / 8.5per kg = 10352 tonne. 148tonne remaining. Total estimated stock remaining in inventory from 2014>2015 is 4648 tonne.

    Here's were I'm stumped, SHV reports they have an estimated inventory value of 112m. Based on $11.5kg, that would be 9739 tonne. My questions is, why is this different from 4648 tonne and were did the other 5091 tonne come from?
 
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