LRDC (Laredo Oil) Change In Inventory : $0.00 Mil (TTM As of Aug. 2024)

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What is Laredo Oil Change In Inventory?

Laredo Oil's change in inventory for the quarter that ended in Aug. 2024 was $0.00 Mil. It means Laredo Oil's inventory stayed the same from May. 2024 to Aug. 2024 .

Laredo Oil's change in inventory for the fiscal year that ended in May. 2024 was $0.00 Mil. It means Laredo Oil's inventory stayed the same from May. 2023 to May. 2024 .

Laredo Oil's Total Inventories for the quarter that ended in Aug. 2024 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. Laredo Oil's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.00.

Laredo Oil Change In Inventory Historical Data

The historical data trend for Laredo Oil'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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Laredo Oil Change In Inventory Chart

Laredo Oil Annual Data

Trend

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Change In Inventory

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Laredo Oil Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Laredo Oil 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Laredo Oil (OTCPK:LRDC) Change In Inventory Explanation

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

Laredo Oil'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.

Laredo Oil's Inventory Turnover for the quarter that ended in Aug. 2024 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.

Laredo Oil's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.006
	=	0.00

Laredo Oil Change In Inventory Related Terms

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Laredo Oil Business Description

Industry

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Traded in Other Exchanges

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Address

2021 Guadalupe Street, Suite 260, Austin, TX, USA, 78705

Website

https://www.laredo-oil.com

Laredo Oil Inc is an oil exploration and production company primarily engaged in acquisition and exploration efforts for mineral properties. In addition to pursuing conventional oil recovery methods in selected oil fields, Laredo Oil plans to locate and acquire mature oil fields, with the intention of recovering stranded oil using enhanced recovery methods.