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. Premier Gold Mines's Average Total Inventories for the quarter that ended in Dec. 2020 was $18.52 Mil. Premier Gold Mines's Revenue for the
three
months ended in Dec. 2020 was $-5.58 Mil.
Premier Gold Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2020
declined
from Sep. 2020 (0.65) to Sep. 2020 (0.00)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Premier Gold Mines's Inventory Turnover for the quarter that ended in Dec. 2020 was -0.38.
Premier Gold Mines Inventory-to-Revenue Historical Data
The historical data trend for Premier Gold Mines's Inventory-to-Revenue 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.
Competitive Comparison of Premier Gold Mines's Inventory-to-Revenue
For the Gold subindustry, Premier Gold Mines's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Premier Gold Mines's Inventory-to-Revenue Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Premier Gold Mines's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Premier Gold Mines's Inventory-to-Revenue falls into.
Premier Gold Mines Inventory-to-Revenue Calculation
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.
Premier Gold Mines's Inventory-to-Revenue for the fiscal year that ended in Dec. 2020 is calculated as
* 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.
Premier Gold Mines (OTCPK:PIRGF) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Premier Gold Mines's Days Inventory for the
three
months ended in Dec. 2020 is calculated as:
* 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.
Premier Gold Mines Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Premier Gold Mines's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Premier Gold Mines (Premier Gold Mines) Business Description
Premier Gold Mines Ltd is a mineral exploration company focused on the exploration and development of gold and silver. The company's projects portfolio includes South Arturo Property, Mercedes mine, Hardrock Gold Project, Rahill-Bonanza Property, McCoy Cove gold Property, Hasaga gold properties, and Rodeo Creek. Its operating segment includes Mercedes; and South Arturo. The company generates maximum revenue from the Mercedes mine segment. It operates in three geographical areas namely Canada, the United States, and Mexico of which Mexico derives a majority of revenue to the company.
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