Avesoro Resources (TSX:ASO) Change In Inventory : C$19.4 Mil (TTM As of Sep. 2019)

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What is Avesoro Resources Change In Inventory?

Avesoro Resources's change in inventory for the quarter that ended in Sep. 2019 was C$4.8 Mil. It means Avesoro Resources's inventory declined by C$4.8 Mil from Jun. 2019 to Sep. 2019 .

Avesoro Resources's change in inventory for the fiscal year that ended in Dec. 2018 was C$-11.2 Mil. It means Avesoro Resources's inventory increased by C$11.2 Mil from Dec. 2017 to Dec. 2018 .

Avesoro Resources's Total Inventories for the quarter that ended in Sep. 2019 was C$50.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avesoro Resources's Days Inventory for the quarter that ended in Sep. 2019 was 96.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avesoro Resources's Inventory Turnover for the quarter that ended in Sep. 2019 was 0.95.

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. Avesoro Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 1.29.

Avesoro Resources Change In Inventory Historical Data

The historical data trend for Avesoro 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.

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Avesoro Resources Change In Inventory Chart

Avesoro Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Change In Inventory

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-19.27

-9.95

-11.21

Avesoro Resources Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Change In Inventory	Get a 7-Day Free Trial															-16.14	9.58	3.61	1.42	4.81

Avesoro 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was C$19.4 Mil.

Avesoro Resources (TSX:ASO) Change In Inventory Explanation

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

Avesoro 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
	=	53.418	/	50.654	*	365 / 4
	=	96.23

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

Avesoro Resources's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	50.654	/	53.418
	=	0.95

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.

Avesoro Resources's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	53.418	/	41.365
	=	1.29

Avesoro Resources Change In Inventory Related Terms

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Avesoro Resources (TSX:ASO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avesoro Resources Inc (TSX:ASO) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

200 Bay Street, Royal Bank Plaza, Suite 3800, South Tower, Toronto, ON, CAN, M5J 2Z4

Website

www.avesoro.com

Avesoro Resources Inc is engaged in the exploration and development of gold assets in West Africa, specifically the New Liberty Gold Mine in Liberia. Commercial production at New Liberty. The company's exploration assets are The New Liberty Gold Mine and Ndablama Gold Project located in Liberia, the Youga and Balogo Gold Mines located in Burkina Faso. The operating segments of the company include New Liberty operations, Liberia exploration, Cameroon exploration, and Corporate.