Steppe Gold (Steppe Gold) Inventory Turnover : 0.12 (As of Mar. 2024)

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What is Steppe Gold 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. Steppe Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was $4.00 Mil. Steppe Gold's Average Total Inventories for the quarter that ended in Mar. 2024 was $33.89 Mil. Steppe Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Steppe Gold's Days Inventory for the three months ended in Mar. 2024 was 773.16.

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. Steppe Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.25.

Steppe Gold Inventory Turnover Historical Data

The historical data trend for Steppe Gold'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.

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Steppe Gold Inventory Turnover Chart

Steppe Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.59

0.89

1.36

0.88

Steppe Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.15	0.22	0.26	0.24	0.12

Steppe Gold Inventory Turnover Calculation

Steppe Gold's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	24.833	/ (	(24.165	+	32.273)	/	2 )
=	24.833	/	28.219
=	0.88

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	4	/ (	(32.273	+	35.511)	/	2 )
=	4	/	33.892
=	0.12

Steppe Gold (OTCPK:STPGF) 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.

Steppe Gold's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	33.892	/	4	*	365 / 4
	=	773.16

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	33.892	/	7.971
	=	4.25

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.

Steppe Gold Inventory Turnover Related Terms

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Steppe Gold (Steppe Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Steppe Gold Ltd (OTCPK:STPGF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

2J9:Germany STGO:Canada

Address

Shangri-La office, Olympic street 19A, Suite 1201, Sukhbaatar District 1, Ulaanbaatar, MNG, 14241

Website

https://www.steppegold.com

Steppe Gold Ltd is a precious metals exploration and development company focused on opportunities in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the "ATO Project" or "ATO Mine"), located in Eastern Mongolia. The Company generates revenue from the sale of gold and silver , also majority of the company's revenue is derived from the sale of gold in Mongolia at spot rate.

Steppe Gold (Steppe Gold) Headlines

From GuruFocus

Steppe Gold Announces Director Resignation

By GlobeNewswire GlobeNewswire • 08-20-2019

Steppe Gold Files Amended and Restated Technical Report for the Altan Tsagaan Ovoo Project

By GlobeNewswire GlobeNewswire • 06-10-2021

Steppe Gold President and CEO Announces Filing of Early Warning Report

By GlobeNewswire GlobeNewswire • 02-16-2022

Steppe Gold Files Technical Report for ATO Gold Project

By GlobeNewswire GlobeNewswire • 11-30-2021

Steppe Gold Announces Change of Auditor

By GlobeNewswire GlobeNewswire • 10-30-2021

Director Lewis Marks Refuses to Comply With Steppe's Majority Voting Policy

By GlobeNewswire GlobeNewswire • 07-08-2019

Completion of the Feasibility Study for the ATO Gold Project Successfully Demonstrates a Robust, Long Life Operation

By GlobeNewswire GlobeNewswire • 10-27-2021