CanXGold Mining (TSXV:CXG) Inventory Turnover : 0.00 (As of May. 2023)

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What is CanXGold Mining 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. CanXGold Mining's Cost of Goods Sold for the three months ended in May. 2023 was C$0.10 Mil. CanXGold Mining's Average Total Inventories for the quarter that ended in May. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CanXGold Mining's Days Inventory for the three months ended in May. 2023 was 0.00.

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.

CanXGold Mining Inventory Turnover Historical Data

The historical data trend for CanXGold Mining'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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CanXGold Mining Inventory Turnover Chart

CanXGold Mining Annual Data

Trend

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Nov22

Inventory Turnover

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CanXGold Mining Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

CanXGold Mining Inventory Turnover Calculation

CanXGold Mining's Inventory Turnover for the fiscal year that ended in Nov. 2022 is calculated as

	Inventory Turnover (A: Nov. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2022 )	/ (	(Total Inventories (A: Nov. 2021 )	+	Total Inventories (A: Nov. 2022 ))	/	count )
=	0.405	/ (	(0	+	0)	/	1 )
=	0.405	/	0
=	N/A

CanXGold Mining's Inventory Turnover for the quarter that ended in May. 2023 is calculated as

	Inventory Turnover (Q: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2023 )	/ (	(Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: May. 2023 ))	/	count )
=	0.101	/ (	(0	+	0)	/	1 )
=	0.101	/	0
=	N/A

CanXGold Mining (TSXV:CXG) 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.

CanXGold Mining's Days Inventory for the three months ended in May. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2023 )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
	=	0	/	0.101	*	365 / 4
	=	0.00

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.

CanXGold Mining's Inventory to Revenue for the quarter that ended in May. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2023 )	/	Revenue (Q: May. 2023 )
	=	0	/	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.

CanXGold Mining Inventory Turnover Related Terms

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CanXGold Mining (TSXV:CXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CanXGold Mining Corp (TSXV:CXG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.goldendawnminerals.com

CanXGold Mining Corp is a Canada-based mineral exploration company. The principal activity of the company is the acquisition and exploration of mineral resource properties in Canada. All the company's mineral properties are in the exploration stages.

Executives

Stefan Bender

Director

CanXGold Mining (TSXV:CXG) Headlines

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