Geomega Resources (TSXV:GMA) Change In Inventory : C$-0.00 Mil (TTM As of Feb. 2024)

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What is Geomega Resources Change In Inventory?

Geomega Resources's change in inventory for the quarter that ended in Feb. 2024 was C$0.00 Mil. It means Geomega Resources's inventory stayed the same from Nov. 2023 to Feb. 2024 .

Geomega Resources's change in inventory for the fiscal year that ended in May. 2023 was C$0.06 Mil. It means Geomega Resources's inventory declined by C$0.06 Mil from May. 2022 to May. 2023 .

Geomega Resources's Total Inventories for the quarter that ended in Feb. 2024 was C$0.02 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Geomega Resources's Days Inventory for the quarter that ended in Feb. 2024 was 53.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Geomega Resources's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.71.

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. Geomega Resources's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.36.

Geomega Resources Change In Inventory Historical Data

The historical data trend for Geomega 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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Geomega Resources Change In Inventory Chart

Geomega Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Inventory

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-0.01

-0.07

0.06

Geomega Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															-	-0.01	-	-	-

Geomega 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.00 Mil.

Geomega Resources (TSXV:GMA) Change In Inventory Explanation

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

Geomega 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
	=	0.0205	/	0.035	*	365 / 4
	=	53.45

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

Geomega Resources's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.035	/	0.0205
	=	1.71

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.

Geomega Resources's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0205	/	0.057
	=	0.36

Geomega Resources Change In Inventory Related Terms

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Geomega Resources (TSXV:GMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geomega Resources Inc (TSXV:GMA) » Definitions » Change In Inventory

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GOMRF:USA

Address

75 Boulevard de Mortagne, Boucherville, QC, CAN, J4B 6Y4

Website

https://www.ressourcesgeomega.ca

Geomega Resources Inc is engaged in the acquisition, exploration, and evaluation of mining properties in Canada. It primarily explores for rare earth elements and niobium deposits. It holds an interest in Montviel property on the discovery and development of deposits of metals in Quebec. The Montviel property is located approximately 100 kilometers north of Lebel-sur-Quevillon and Buckingham property.

Executives

Mathieu Bourdeau

Senior Officer