ELRA (Elray Resources) Change In Inventory: $0.00 Mil (TTM As of Sep. 2018)

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What is Elray Resources Change In Inventory?

Elray Resources ELRA Change In Inventory is $0.00 Mil as of Sep. 2018.

Elray Resources's change in inventory for the quarter that ended in Sep. 2018 was $0.00 Mil. It means Elray Resources's inventory stayed the same from Jun. 2018 to Sep. 2018 .

Elray Resources's change in inventory for the fiscal year that ended in Dec. 2017 was $0.00 Mil. It means Elray Resources's inventory stayed the same from Dec. 2016 to Dec. 2017 .

Elray Resources's Total Inventories for the quarter that ended in Sep. 2018 was $0.00 Mil.

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

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

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. Elray Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.00.

Elray Resources  (OTCPK:ELRA) Change In Inventory Explanation

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

Elray Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0/0*365 / 4
=N/A

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

Elray Resources's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0 / 0
=N/A

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.

Elray Resources's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0 / 0.09
=0.00

* 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.

Elray Resources Change In Inventory Related Terms

Elray Resources Change In Inventory Historical Data

* Premium members only.

The historical data trend for Elray Resources'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.

Elray Resources Change In Inventory Chart

Elray Resources Annual Data
Trend Mar08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Elray Resources Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Elray Resources 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $0.00 Mil mean?
Elray Resources (ELRA) has a Change In Inventory of $0.00 Mil as of Sep. 2018. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Elray Resources and its competitors.
Is Elray Resources' Change In Inventory too high?
Elray Resources' current Change In Inventory is $0.00 Mil.
How does Elray Resources' Change In Inventory compare to GMERD and CGLD?
Elray Resources' Change In Inventory of $0.00 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Travel & Leisure company?
A good Change In Inventory depends on the Travel & Leisure industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Elray Resources and its competitors. Elray Resources's current Change In Inventory is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elray Resources stock overvalued right now?
Elray Resources (ELRA) has a current Change In Inventory of $0.00 Mil. The current Change In Inventory is $0.00 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Elray Resources (ELRA), the current Change In Inventory is $0.00 Mil as of Sep. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Elray Resources Business Description

Address 3651 Lindell Road, Suite D131, Las Vegas, NV, USA, 89103
Elray Resources Inc offers turnkey e-commerce solutions and provides strategic marketing and consulting services around the world. The company also offers marketing and support services for online gaming businesses.