Great Western Minerals Group (Great Western Minerals Group) Change In Inventory : $1.21 Mil (TTM As of Sep. 2014)

View and export this data going back to 2009. Start your Free Trial

What is Great Western Minerals Group Change In Inventory?

Great Western Minerals Group's change in inventory for the quarter that ended in Sep. 2014 was $0.66 Mil. It means Great Western Minerals Group's inventory declined by $0.66 Mil from Jun. 2014 to Sep. 2014 .

Great Western Minerals Group's change in inventory for the fiscal year that ended in Dec. 2013 was $0.07 Mil. It means Great Western Minerals Group's inventory declined by $0.07 Mil from Dec. 2012 to Dec. 2013 .

Great Western Minerals Group's Total Inventories for the quarter that ended in Sep. 2014 was $3.21 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Great Western Minerals Group's Days Inventory for the quarter that ended in Sep. 2014 was 73.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Great Western Minerals Group's Inventory Turnover for the quarter that ended in Sep. 2014 was 1.25.

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. Great Western Minerals Group's Inventory-to-Revenue for the quarter that ended in Sep. 2014 was 0.64.

Great Western Minerals Group Change In Inventory Historical Data

The historical data trend for Great Western Minerals Group'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.

Great Western Minerals Group Change In Inventory Chart

Great Western Minerals Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Inventory

Get a 7-Day Free Trial

0.22

-2.59

0.44

0.07

Great Western Minerals Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Change In Inventory	Get a 7-Day Free Trial															-0.45	0.67	-0.63	0.51	0.66

Great Western Minerals Group 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.21 Mil.

Great Western Minerals Group (OTCPK:GWMGF) Change In Inventory Explanation

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

Great Western Minerals Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.5755	/	4.457	*	365 / 4
	=	73.20

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

Great Western Minerals Group's Inventory Turnover for the quarter that ended in Sep. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.457	/	3.5755
	=	1.25

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.

Great Western Minerals Group's Inventory to Revenue for the quarter that ended in Sep. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.5755	/	5.555
	=	0.64

Great Western Minerals Group Change In Inventory Related Terms

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

Great Western Minerals Group (Great Western Minerals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Western Minerals Group Ltd (OTCPK:GWMGF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 201B, 2121 Airport Drive, Saskatoon, SK, CAN, S7L 6W5

Website

http://www.gwmg.ca

Great Western Minerals Group Ltd is a Canadian-based exploration and development company, which is engaged in the exploration and development of its rare earth elements (REE) property, and the manufacturing and marketing of products containing REE. The company operates as an integrated rare earth processor which manufactures specialty alloys used in the magnet, battery, defense and aerospace industries. It holds an interest in the Steenkampskraal monazite mine, located approximately 350 kilometers northwest of Cape Town, South Africa. Further, the group also holds an interest in Hoidas Lake rare earth mineral property in Canada.

Great Western Minerals Group (Great Western Minerals Group) Headlines

No Headlines