Asante Gold (XCNQ:ASE) Change In Inventory : C$36.3 Mil (TTM As of Oct. 2023)

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What is Asante Gold Change In Inventory?

Asante Gold's change in inventory for the quarter that ended in Oct. 2023 was C$-1.1 Mil. It means Asante Gold's inventory increased by C$1.1 Mil from Jul. 2023 to Oct. 2023 .

Asante Gold's change in inventory for the fiscal year that ended in Jan. 2023 was C$-5.8 Mil. It means Asante Gold's inventory increased by C$5.8 Mil from Jan. 2022 to Jan. 2023 .

Asante Gold's Total Inventories for the quarter that ended in Oct. 2023 was C$79.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asante Gold's Days Inventory for the quarter that ended in Oct. 2023 was 47.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asante Gold's Inventory Turnover for the quarter that ended in Oct. 2023 was 1.93.

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. Asante Gold's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.62.

Asante Gold Change In Inventory Historical Data

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

Asante Gold Annual Data

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Jan23

Change In Inventory

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-5.77

Asante Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Change In Inventory	Get a 7-Day Free Trial															-8.61	24.96	1.14	11.33	-1.09

Asante 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$36.3 Mil.

Asante Gold (XCNQ:ASE) Change In Inventory Explanation

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

Asante 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
	=	81.1945	/	156.32	*	365 / 4
	=	47.40

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	156.32	/	81.1945
	=	1.93

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	81.1945	/	131.005
	=	0.62

Asante Gold Change In Inventory Related Terms

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Asante Gold (XCNQ:ASE) Business Description

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ASGOF:USA 1A9:Germany

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.

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