Aurcana Silver (Aurcana Silver) Inventory Turnover : 0.02 (As of Sep. 2022)

View and export this data going back to 2009. Start your Free Trial

What is Aurcana Silver 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. Aurcana Silver's Cost of Goods Sold for the three months ended in Sep. 2022 was $0.04 Mil. Aurcana Silver's Average Total Inventories for the quarter that ended in Sep. 2022 was $1.75 Mil. Aurcana Silver's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aurcana Silver's Days Inventory for the three months ended in Sep. 2022 was 3,996.75.

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.

Aurcana Silver Inventory Turnover Historical Data

The historical data trend for Aurcana Silver'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.

Aurcana Silver Inventory Turnover Chart

Aurcana Silver Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

Get a 7-Day Free Trial

11.57

11.22

10.74

10.35

0.04

Aurcana Silver Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															-	0.01	0.08	0.07	0.02

Aurcana Silver Inventory Turnover Calculation

Aurcana Silver's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	0.043	/ (	(0.142	+	2.076)	/	2 )
=	0.043	/	1.109
=	0.04

Aurcana Silver's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	0.04	/ (	(1.752	+	1.752)	/	2 )
=	0.04	/	1.752
=	0.02

Aurcana Silver (OTCPK:AUNFF) 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.

Aurcana Silver's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	1.752	/	0.04	*	365 / 4
	=	3,996.75

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.

Aurcana Silver's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	1.752	/	0
	=

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.

Aurcana Silver Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Aurcana Silver's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Aurcana Silver (Aurcana Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aurcana Silver Corp (OTCPK:AUNFF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West Pender Street, Suite 850, Vancouver, BC, CAN, V6C 1H2

Website

http://www.aurcana.com

Aurcana Silver Corp is engaged in the exploration, development, and operation of natural properties. The company's reportable segments are Ouray Project, Shafter Project, and Corporate and other segments. The company's project includes Revenue-Virginius Mine and Shafter silver property.