Unigold (Unigold) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Unigold 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. Unigold's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.03 Mil. Unigold's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Unigold's Days Inventory for the three months ended in Dec. 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.

Unigold Inventory Turnover Historical Data

The historical data trend for Unigold'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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Unigold Inventory Turnover Chart

Unigold Annual Data

Trend

Dec14

Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Unigold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Unigold Inventory Turnover Calculation

Unigold'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

Unigold's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.03	/ (	(0	+	0)	/	1 )
=	0.03	/	0
=	N/A

Unigold (OTCPK:UGDIF) 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.

Unigold's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	0.03	*	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.

Unigold's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

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

Unigold Inventory Turnover Related Terms

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Unigold (Unigold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Unigold Inc (OTCPK:UGDIF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

UGB1:Germany UGD:Canada

Address

One First Canadian Place, Suite 3400, P.O. Box 130, Toronto, ON, CAN, M5X 1A4

Website

https://www.unigoldinc.com

Unigold Inc is a Canada-based natural resource company. Principally, it is focused on exploring and developing its gold projects in the Dominican Republic. The company owns 100% of the exploration rights for gold, silver, zinc, copper, and all associated minerals on the Neita Property in the northwestern Dominican Republic. The Neita concession covers approximately 22,616 hectares and is located approximately 200 linear kilometres northwest of the city of Santo Domingo. It has one business segment, mineral exploration. Geographically, it has two segments namely Canada and the Dominican Republic.

Unigold (Unigold) Headlines

From GuruFocus

Unigold Inc. Announces Grant of Incentive Options

By GlobeNewswire GlobeNewswire • 09-29-2020

Unigold Updates Mineral Resource Estimate for the Candelones Project

By GlobeNewswire GlobeNewswire • 05-13-2021

Unigold Files Technical Report on Candelones Project

By GlobeNewswire GlobeNewswire • 10-09-2020

Unigold Engages Torrey Hills Capital

By GlobeNewswire GlobeNewswire • 04-29-2021

Unigold Announces Completion of Oxide Test Pit Program

By GlobeNewswire GlobeNewswire • 12-20-2018

Unigold Retains UK Investor Relations Firm for European Exposure

By GlobeNewswire GlobeNewswire • 07-30-2020

Unigold Granted Exploration Concession in the Dominican Republic

By GlobeNewswire GlobeNewswire • 05-22-2018

Phoenix Gold Fund Limited acquires shares in Unigold Inc.

By GlobeNewswire GlobeNewswire • 08-12-2021