Premier Gold Mines (Premier Gold Mines) Change In Inventory : $3.41 Mil (TTM As of Dec. 2020)

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What is Premier Gold Mines Change In Inventory?

Premier Gold Mines's change in inventory for the quarter that ended in Dec. 2020 was $2.10 Mil. It means Premier Gold Mines's inventory declined by $2.10 Mil from Sep. 2020 to Dec. 2020 .

Premier Gold Mines's change in inventory for the fiscal year that ended in Dec. 2020 was $3.41 Mil. It means Premier Gold Mines's inventory declined by $3.41 Mil from Dec. 2019 to Dec. 2020 .

Premier Gold Mines's Total Inventories for the quarter that ended in Dec. 2020 was $16.61 Mil.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Premier Gold Mines's Inventory Turnover for the quarter that ended in Dec. 2020 was -0.38.

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.

Premier Gold Mines Change In Inventory Historical Data

The historical data trend for Premier Gold Mines'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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Premier Gold Mines Change In Inventory Chart

Premier Gold Mines Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Change In Inventory

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-16.17

4.62

7.33

-2.80

3.41

Premier Gold Mines Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Change In Inventory	Get a 7-Day Free Trial															4.49	-0.89	2.87	-0.66	2.10

Premier Gold Mines 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 Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.41 Mil.

Premier Gold Mines (OTCPK:PIRGF) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	18.518	/	-6.988	*	365 / 4
	=	N/A

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

Premier Gold Mines's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-6.988	/	18.518
	=	-0.38

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.

Premier Gold Mines's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.518	/	-5.579
	=	N/A

Premier Gold Mines Change In Inventory Related Terms

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Premier Gold Mines (Premier Gold Mines) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premier Gold Mines Ltd (OTCPK:PIRGF) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

1100 Russell Street, Suite 200, Thunder Bay, ON, CAN, P7B 5N2

Website

http://www.premiergoldmines.com

Premier Gold Mines Ltd is a mineral exploration company focused on the exploration and development of gold and silver. The company's projects portfolio includes South Arturo Property, Mercedes mine, Hardrock Gold Project, Rahill-Bonanza Property, McCoy Cove gold Property, Hasaga gold properties, and Rodeo Creek. Its operating segment includes Mercedes; and South Arturo. The company generates maximum revenue from the Mercedes mine segment. It operates in three geographical areas namely Canada, the United States, and Mexico of which Mexico derives a majority of revenue to the company.

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