Helium Evolution (TSXV:HEVI) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Helium Evolution 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. Helium Evolution's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.01 Mil. Helium Evolution's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.00 Mil.

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

Helium Evolution Inventory Turnover Historical Data

The historical data trend for Helium Evolution'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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Helium Evolution Inventory Turnover Chart

Helium Evolution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Helium Evolution Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											-	-	-	-	-

Helium Evolution Inventory Turnover Calculation

Helium Evolution'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 )
=	0.045	/ (	(0	+	0)	/	1 )
=	0.045	/	0
=	N/A

Helium Evolution'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 )
=	0.006	/ (	(0	+	0)	/	1 )
=	0.006	/	0
=	N/A

Helium Evolution (TSXV:HEVI) 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.

Helium Evolution'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
	=	0	/	0.006	*	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.

Helium Evolution'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 )
	=	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.

Helium Evolution Inventory Turnover Related Terms

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Helium Evolution (TSXV:HEVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Helium Evolution Inc (TSXV:HEVI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HEEVF:USA

Address

400 - 505 - 3rd Street SW, Calgary, AB, CAN, T2P 3E6

Website

https://www.heliumevolution.ca

Helium Evolution Inc is engaged in the exploration and production of helium. The company holds helium land permits near proven discoveries of economic helium concentrations.

Executives

Patrick Mills

Senior Officer

Helium Evolution (TSXV:HEVI) Headlines

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