Radisson Mining Resources (TSXV:RDS) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Radisson Mining Resources 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. Radisson Mining Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.03 Mil. Radisson Mining Resources'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. Radisson Mining Resources'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.

Radisson Mining Resources Inventory Turnover Historical Data

The historical data trend for Radisson Mining Resources'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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Radisson Mining Resources Inventory Turnover Chart

Radisson Mining Resources Annual Data

Trend

Dec14

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Dec23

Inventory Turnover

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Radisson Mining Resources 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															-	-	-	-	-

Radisson Mining Resources Inventory Turnover Calculation

Radisson Mining Resources'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 )
=	0.12	/ (	(0	+	0)	/	1 )
=	0.12	/	0
=	N/A

Radisson Mining Resources'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 )
=	0.033	/ (	(0	+	0)	/	1 )
=	0.033	/	0
=	N/A

Radisson Mining Resources (TSXV:RDS) 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.

Radisson Mining Resources'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	/	0.033	*	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.

Radisson Mining Resources'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.

Radisson Mining Resources Inventory Turnover Related Terms

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Radisson Mining Resources (TSXV:RDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Radisson Mining Resources Inc (TSXV:RDS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

RMRDF:USA

Address

50 rue du Petit, Rouyn-Noranda, QC, CAN, J0Y 1C0

Website

https://www.radissonmining.com

Radisson Mining Resources Inc is a junior mining company. It conducts the acquisition, exploration, and development of mineral properties. The company's properties include the O'Brien, New Alger, and Douay property.

Executives

Pierre Beaudoin

Director

Radisson Mining Resources (TSXV:RDS) Headlines

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