Fortitude Gold (Fortitude Gold) Change In Inventory : $-8.60 Mil (TTM As of Mar. 2024)

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What is Fortitude Gold Change In Inventory?

Fortitude Gold's change in inventory for the quarter that ended in Mar. 2024 was $-2.91 Mil. It means Fortitude Gold's inventory increased by $2.91 Mil from Dec. 2023 to Mar. 2024 .

Fortitude Gold's change in inventory for the fiscal year that ended in Dec. 2023 was $-6.00 Mil. It means Fortitude Gold's inventory increased by $6.00 Mil from Dec. 2022 to Dec. 2023 .

Fortitude Gold's Total Inventories for the quarter that ended in Mar. 2024 was $24.39 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fortitude Gold's Days Inventory for the quarter that ended in Mar. 2024 was 548.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortitude Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.17.

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. Fortitude Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.95.

Fortitude Gold Change In Inventory Historical Data

The historical data trend for Fortitude Gold's Change In Inventory 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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Fortitude Gold Change In Inventory Chart

Fortitude Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-6.49

-2.30

-10.87

-2.89

-6.00

Fortitude Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial													-0.31	-1.86	-0.85	-2.99	-2.91

Fortitude Gold Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.60 Mil.

Fortitude Gold (OTCPK:FTCO) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Fortitude Gold's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	24.1185	/	4.016	*	365 / 4
	=	548.01

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Fortitude Gold's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.016	/	24.1185
	=	0.17

3. 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.

Fortitude Gold's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	24.1185	/	8.181
	=	2.95

Fortitude Gold Change In Inventory Related Terms

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Fortitude Gold (Fortitude Gold) Business Description

Industry

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Traded in Other Exchanges

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Address

2886 Carriage Manor Point, Colorado Springs, CO, USA, 80906

Website

https://www.fortitudegold.com

Fortitude Gold Corp is a mineral exploration and evaluation company. It primarily explores gold and silver. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.