Thor Explorations (TSXV:THX) Change In Inventory : C$-34.1 Mil (TTM As of Dec. 2023)

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What is Thor Explorations Change In Inventory?

Thor Explorations's change in inventory for the quarter that ended in Dec. 2023 was C$-20.7 Mil. It means Thor Explorations's inventory increased by C$20.7 Mil from Sep. 2023 to Dec. 2023 .

Thor Explorations's change in inventory for the fiscal year that ended in Dec. 2023 was C$-33.8 Mil. It means Thor Explorations's inventory increased by C$33.8 Mil from Dec. 2022 to Dec. 2023 .

Thor Explorations's Total Inventories for the quarter that ended in Dec. 2023 was C$56.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thor Explorations's Days Inventory for the quarter that ended in Dec. 2023 was 189.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thor Explorations's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.48.

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. Thor Explorations's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.59.

Thor Explorations Change In Inventory Historical Data

The historical data trend for Thor Explorations'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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Thor Explorations Change In Inventory Chart

Thor Explorations Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-23.69

-20.58

-33.76

Thor Explorations 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															-29.50	-7.09	6.67	-12.96	-20.69

Thor Explorations 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$-34.1 Mil.

Thor Explorations (TSXV:THX) Change In Inventory Explanation

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

Thor Explorations's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	49.0635	/	23.604	*	365 / 4
	=	189.67

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.604	/	49.0635
	=	0.48

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	49.0635	/	30.854
	=	1.59

Thor Explorations Change In Inventory Related Terms

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Thor Explorations (TSXV:THX) Business Description

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Address

1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9

Website

https://www.thorexpl.com

Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

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