GoGold Resources (STU:GGD) Change In Inventory : €-11.88 Mil (TTM As of Mar. 2024)

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What is GoGold Resources Change In Inventory?

GoGold Resources's change in inventory for the quarter that ended in Mar. 2024 was €-2.81 Mil. It means GoGold Resources's inventory increased by €2.81 Mil from Dec. 2023 to Mar. 2024 .

GoGold Resources's change in inventory for the fiscal year that ended in Sep. 2023 was €-10.65 Mil. It means GoGold Resources's inventory increased by €10.65 Mil from Sep. 2022 to Sep. 2023 .

GoGold Resources's Total Inventories for the quarter that ended in Mar. 2024 was €14.28 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GoGold Resources's Days Inventory for the quarter that ended in Mar. 2024 was 212.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. GoGold Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.43.

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. GoGold Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.70.

GoGold Resources Change In Inventory Historical Data

The historical data trend for GoGold Resources'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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GoGold Resources Change In Inventory Chart

GoGold Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-10.86

0.60

-4.72

-14.29

-10.65

GoGold Resources Quarterly Data
	Jun19	Sep19	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															-1.79	-2.80	-2.56	-3.70	-2.81

GoGold Resources 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 €-11.88 Mil.

GoGold Resources (STU:GGD) Change In Inventory Explanation

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

GoGold Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	13.948	/	5.996	*	365 / 4
	=	212.27

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.996	/	13.948
	=	0.43

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13.948	/	8.225
	=	1.70

GoGold Resources Change In Inventory Related Terms

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GoGold Resources (STU:GGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoGold Resources Inc (STU:GGD) » Definitions » Change In Inventory

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GLGDF:USA GGD:Canada

Address

2000 Barrington Street, Suite 1301, Cogswell Tower, Halifax, NS, CAN, B3J 3K1

Website

https://www.gogoldresources.com

GoGold Resources Inc is a Canadian-based company engaged in the business of exploration, development, and production of gold, copper and silver. It operates in two segments: Mexico, which accounts for the majority of revenue; and Canada. Its Mexico segment consists of the Parral project and the Los Ricos project and the Corporation's corporate offices as the Canadian segment.

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