Elevation Gold Mining (Elevation Gold Mining) Change In Inventory : $-3.70 Mil (TTM As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Elevation Gold Mining Change In Inventory?

Elevation Gold Mining's change in inventory for the quarter that ended in Dec. 2023 was $-2.04 Mil. It means Elevation Gold Mining's inventory increased by $2.04 Mil from Sep. 2023 to Dec. 2023 .

Elevation Gold Mining's change in inventory for the fiscal year that ended in Dec. 2023 was $-3.70 Mil. It means Elevation Gold Mining's inventory increased by $3.70 Mil from Dec. 2022 to Dec. 2023 .

Elevation Gold Mining's Total Inventories for the quarter that ended in Dec. 2023 was $32.45 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elevation Gold Mining's Days Inventory for the quarter that ended in Dec. 2023 was 180.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Elevation Gold Mining's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.51.

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. Elevation Gold Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.90.

Elevation Gold Mining Change In Inventory Historical Data

The historical data trend for Elevation Gold Mining'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.

* Premium members only.

Elevation Gold Mining Change In Inventory Chart

Elevation Gold Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Change In Inventory

Get a 7-Day Free Trial

-7.89

-5.94

-3.55

1.55

-3.70

Elevation Gold Mining 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															-0.99	0.40	-0.28	-1.78	-2.04

Elevation Gold Mining 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 $-3.70 Mil.

Elevation Gold Mining (OTCPK:EVGDF) Change In Inventory Explanation

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

Elevation Gold Mining's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	31.1155	/	15.752	*	365 / 4
	=	180.25

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15.752	/	31.1155
	=	0.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	31.1155	/	16.337
	=	1.90

Elevation Gold Mining Change In Inventory Related Terms

Thank you for viewing the detailed overview of Elevation Gold Mining's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Elevation Gold Mining (Elevation Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elevation Gold Mining Corp (OTCPK:EVGDF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

54NA:Germany ELVT:Canada

Address

1188 West Georgia, Suite 1920, Vancouver, BC, CAN, V6E 4A2

Website

https://www.elevationgold.com

Elevation Gold Mining Corp operates as a precious metals exploration and mining company. It acquires, explores for, and develops mineral properties in the United States and Canada. The firm is focused on the reactivation of its Moss Mine Project. The company operates through a single segment which is the acquisition, exploration, development and production of precious metals.. It generates revenue from the sale of gold and silver.