Steppe Gold (TSX:STGO) Change In Inventory : C$4.6 Mil (TTM As of Dec. 2024)

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What is Steppe Gold Change In Inventory?

Steppe Gold's change in inventory for the quarter that ended in Dec. 2024 was C$7.2 Mil. It means Steppe Gold's inventory declined by C$7.2 Mil from Sep. 2024 to Dec. 2024 .

Steppe Gold's change in inventory for the fiscal year that ended in Dec. 2024 was C$4.5 Mil. It means Steppe Gold's inventory declined by C$4.5 Mil from Dec. 2023 to Dec. 2024 .

Steppe Gold's Total Inventories for the quarter that ended in Dec. 2024 was C$89.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Steppe Gold's Days Inventory for the quarter that ended in Dec. 2024 was 223.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. Steppe Gold's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.41.

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. Steppe Gold's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.34.

Steppe Gold Change In Inventory Historical Data

The historical data trend for Steppe Gold'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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Steppe Gold Change In Inventory Chart

Steppe Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Inventory

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-0.27

-13.44

-3.52

-5.86

4.47

Steppe Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Change In Inventory	Get a 7-Day Free Trial															7.26	-4.12	-3.29	4.76	7.21

Steppe Gold 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$4.6 Mil.

Steppe Gold (TSX:STGO) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	87.9975	/	35.878	*	365 / 4
	=	223.81

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

Steppe Gold's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35.878	/	87.9975
	=	0.41

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.

Steppe Gold's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	87.9975	/	65.851
	=	1.34

Steppe Gold Change In Inventory Related Terms

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Steppe Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Steppe Gold Ltd (TSX:STGO) » Definitions » Change In Inventory

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STPGF:USA 2J9:Germany

Address

Olympic Street 19A, Shangri-La Office, Suite 1201, Sukhbaatar District 1, Ulaanbaatar, MNG, 14241

Website

https://www.steppegold.com

Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.

Executives

Jeremy Thomas South	Senior Officer
Aneel Singh Waraich	Director, Senior Officer
Bataa Tumur-ochir	Director, Senior Officer
2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Paul Elliott Singer	10% Security Holder
Lim Asia Special Situations Master Fund Limited	10% Security Holder
Patrick Michaels	Director
Lewis Marks	Director

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