Goldgroup Mining (Goldgroup Mining) Change In Inventory : $-2.34 Mil (TTM As of Dec. 2023)

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What is Goldgroup Mining Change In Inventory?

Goldgroup Mining's change in inventory for the quarter that ended in Dec. 2023 was $-1.58 Mil. It means Goldgroup Mining's inventory increased by $1.58 Mil from Sep. 2023 to Dec. 2023 .

Goldgroup Mining's change in inventory for the fiscal year that ended in Dec. 2023 was $-2.34 Mil. It means Goldgroup Mining's inventory increased by $2.34 Mil from Dec. 2022 to Dec. 2023 .

Goldgroup Mining's Total Inventories for the quarter that ended in Dec. 2023 was $3.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goldgroup Mining's Days Inventory for the quarter that ended in Dec. 2023 was 56.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goldgroup Mining's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.61.

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. Goldgroup Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

Goldgroup Mining Change In Inventory Historical Data

The historical data trend for Goldgroup 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.

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Goldgroup Mining Change In Inventory Chart

Goldgroup Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.21

-1.38

2.41

-2.34

Goldgroup 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															-0.08	0.17	-0.66	-0.27	-1.58

Goldgroup 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 $-2.34 Mil.

Goldgroup Mining (OTCPK:GGAZF) Change In Inventory Explanation

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

Goldgroup 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
	=	2.298	/	3.69	*	365 / 4
	=	56.83

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.69	/	2.298
	=	1.61

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.298	/	4.674
	=	0.49

Goldgroup Mining Change In Inventory Related Terms

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Goldgroup Mining (Goldgroup Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldgroup Mining Inc (OTCPK:GGAZF) » Definitions » Change In Inventory

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Traded in Other Exchanges

GGA:Mexico 55G0:Germany GGA:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.goldgroupmining.com

Goldgroup Mining Inc is a Canadian-based gold production, development, and exploration company with an upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San Jose de Gracia, located in the State of Sinaloa. In addition, the company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.