Whitemud Resources (TSXV:WMK) Inventory Turnover : 0.07 (As of Mar. 2024)

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What is Whitemud 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. Whitemud Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.02 Mil. Whitemud Resources's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.30 Mil. Whitemud Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Whitemud Resources's Days Inventory for the three months ended in Mar. 2024 was 1,377.88.

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. Whitemud Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 11.62.

Whitemud Resources Inventory Turnover Historical Data

The historical data trend for Whitemud 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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Whitemud Resources Inventory Turnover Chart

Whitemud Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.21

0.06

0.03

0.55

0.15

Whitemud 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															0.04	0.02	0.02	0.09	0.07

Whitemud Resources Inventory Turnover Calculation

Whitemud 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 )
=	0.046	/ (	(0.296	+	0.309)	/	2 )
=	0.046	/	0.3025
=	0.15

Whitemud 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 )
=	0.02	/ (	(0.309	+	0.295)	/	2 )
=	0.02	/	0.302
=	0.07

Whitemud Resources (TSXV:WMK) 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.

Whitemud 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
	=	0.302	/	0.02	*	365 / 4
	=	1,377.88

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.

Whitemud 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 )
	=	0.302	/	0.026
	=	11.62

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.

Whitemud Resources Inventory Turnover Related Terms

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Whitemud Resources (TSXV:WMK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 - 5th Avenue SW, Suite 3900, Bow Valley Square 2, Calgary, AB, CAN, T2P 2V7

Website

https://www.whitemudresources.com

Whitemud Resources Inc operates in two segments, namely Metakaolin, which includes mining, processing, and marketing kaolin and metakaolin; and Commodities, which manages and marketing commodities. The majority of its revenue comes from the commodities segment.

Executives

Stanley Alex Owerko

Director, Director or Senior Officer of 10% Security Holder, Senior Officer