Metallic Minerals (TSXV:MMG) Inventory Turnover : 0.00 (As of Oct. 2023)

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What is Metallic Minerals 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. Metallic Minerals's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.00 Mil. Metallic Minerals's Average Total Inventories for the quarter that ended in Oct. 2023 was C$0.00 Mil.

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

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.

Metallic Minerals Inventory Turnover Historical Data

The historical data trend for Metallic Minerals'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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Metallic Minerals Inventory Turnover Chart

Metallic Minerals Annual Data

Trend

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Inventory Turnover

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Metallic Minerals Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Metallic Minerals Inventory Turnover Calculation

Metallic Minerals's Inventory Turnover for the fiscal year that ended in Jul. 2022 is calculated as

	Inventory Turnover (A: Jul. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2022 )	/ (	(Total Inventories (A: Jul. 2021 )	+	Total Inventories (A: Jul. 2022 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Metallic Minerals's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

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

Metallic Minerals (TSXV:MMG) 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.

Metallic Minerals's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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.

Metallic Minerals's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

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

Metallic Minerals Inventory Turnover Related Terms

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Metallic Minerals (TSXV:MMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metallic Minerals Corp (TSXV:MMG) » Definitions » Inventory Turnover

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MMNGF:USA 9MM1:Germany

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

https://www.metallic-minerals.com

Metallic Minerals Corp is an exploration company focused on the acquisition and development of high-grade silver and gold projects. It seeks to create value through a disciplined, systematic approach to exploration, reducing investment risk and maximizing the probability of long-term success. Metallic's core Keno Silver Project is located in the historic Keno Hill Silver District of Canada's Yukon Territory, a region that has produced over 200 million ounces of silver. The company's La Plata silver-gold-copper project is located in the high-grade La Plata district of the prolific Colorado Mineral Belt and its McKay Hill project northeast of Keno Hill is a high-grade historic silver-gold producer. The company is building a portfolio of gold royalties in the historic Klondike Gold District.

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