Golconda Gold (TSXV:GG) Change In Inventory : C$0.22 Mil (TTM As of Dec. 2023)

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What is Golconda Gold Change In Inventory?

Golconda Gold's change in inventory for the quarter that ended in Dec. 2023 was C$-0.10 Mil. It means Golconda Gold's inventory increased by C$0.10 Mil from Sep. 2023 to Dec. 2023 .

Golconda Gold's change in inventory for the fiscal year that ended in Dec. 2023 was C$0.22 Mil. It means Golconda Gold's inventory declined by C$0.22 Mil from Dec. 2022 to Dec. 2023 .

Golconda Gold's Total Inventories for the quarter that ended in Dec. 2023 was C$0.34 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golconda Gold's Days Inventory for the quarter that ended in Dec. 2023 was 10.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Golconda Gold's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.97.

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. Golconda Gold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Golconda Gold Change In Inventory Historical Data

The historical data trend for Golconda 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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Golconda Gold Change In Inventory Chart

Golconda Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.70

-0.04

-0.29

-0.04

0.22

Golconda Gold 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															0.11	0.11	0.11	0.11	-0.10

Golconda 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.22 Mil.

Golconda Gold (TSXV:GG) Change In Inventory Explanation

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

Golconda 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
	=	0.309	/	2.771	*	365 / 4
	=	10.18

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.771	/	0.309
	=	8.97

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.309	/	2.548
	=	0.12

Golconda Gold Change In Inventory Related Terms

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Golconda Gold (TSXV:GG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golconda Gold Ltd (TSXV:GG) » Definitions » Change In Inventory

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Traded in Other Exchanges

GGGOF:USA Y87:Germany

Address

181 Bay Street, Suite 1800, Toronto, ON, CAN, M5J 2T9

Website

https://www.galanegold.com

Golconda Gold Ltd is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana, South Africa and New Mexico. The company's projects include Mupane in Botswana; Galaxy in South Africa; and Summit and Banner Mill in the United States of America. It has one reportable segment, being the exploration, development and operation of gold mining properties.

Executives

Ravi Sood

Director