Wesdome Gold Mines (FRA:RKVA) Change In Inventory : €-2.2 Mil (TTM As of Dec. 2023)

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What is Wesdome Gold Mines Change In Inventory?

Wesdome Gold Mines's change in inventory for the quarter that ended in Dec. 2023 was €0.4 Mil. It means Wesdome Gold Mines's inventory declined by €0.4 Mil from Sep. 2023 to Dec. 2023 .

Wesdome Gold Mines's change in inventory for the fiscal year that ended in Dec. 2023 was €-2.2 Mil. It means Wesdome Gold Mines's inventory increased by €2.2 Mil from Dec. 2022 to Dec. 2023 .

Wesdome Gold Mines's Total Inventories for the quarter that ended in Dec. 2023 was €19.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wesdome Gold Mines's Days Inventory for the quarter that ended in Dec. 2023 was 31.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wesdome Gold Mines's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.91.

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. Wesdome Gold Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Wesdome Gold Mines Change In Inventory Historical Data

The historical data trend for Wesdome Gold Mines's Change In Inventory 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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Wesdome Gold Mines Change In Inventory Chart

Wesdome Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-5.98

3.37

-3.33

-1.63

-2.24

Wesdome Gold Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.64	-4.98	3.02	-0.67	0.43

Wesdome Gold Mines Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.2 Mil.

Wesdome Gold Mines (FRA:RKVA) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Wesdome Gold Mines's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	18.4625	/	53.66	*	365 / 4
	=	31.40

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	53.66	/	18.4625
	=	2.91

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.4625	/	69.869
	=	0.26

Wesdome Gold Mines Change In Inventory Related Terms

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Wesdome Gold Mines (FRA:RKVA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wesdome Gold Mines Ltd (FRA:RKVA) » Definitions » Change In Inventory

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WDOFF:USA WDO:Canada

Address

220 Bay Street, Suite 1200, Toronto, ON, CAN, M5J 2W4

Website

https://www.wesdome.com

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground, Kiena Complex and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.

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