New Target Mining (TSXV:NEW.H) Inventory-to-Revenue : 0.00 (As of Jul. 2024)

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What is New Target Mining Inventory-to-Revenue?

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. New Target Mining's Average Total Inventories for the quarter that ended in Jul. 2024 was C$0.00 Mil. New Target Mining's Revenue for the three months ended in Jul. 2024 was C$0.00 Mil.

New Target Mining's Inventory-to-Revenue for the quarter that ended in Jul. 2024 stayed the same from Apr. 2024 (0.00) to Apr. 2024 (0.00)

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.

New Target Mining Inventory-to-Revenue Historical Data

The historical data trend for New Target Mining'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.

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New Target Mining Inventory-to-Revenue Chart

New Target Mining Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Inventory-to-Revenue

New Target Mining Quarterly Data
	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Inventory-to-Revenue	Get a 7-Day Free Trial											-	-	-	-	-

Competitive Comparison of New Target Mining's Inventory-to-Revenue

For the Other Industrial Metals & Mining subindustry, New Target Mining'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.

New Target Mining's Inventory-to-Revenue Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, New Target Mining's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where New Target Mining's Inventory-to-Revenue falls into.

New Target Mining Inventory-to-Revenue Calculation

New Target Mining's Inventory-to-Revenue for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory-to-Revenue (A: Oct. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )	/	Revenue (A: Oct. 2023 )
=	( (0	+	0)	/	1 )	/	0
=	0					/	0
=	N/A

New Target Mining's Inventory-to-Revenue for the quarter that ended in Jul. 2024 is calculated as

	Inventory-to-Revenue (Q: Jul. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Jul. 2024 ))	/	count )	/	Revenue (Q: Jul. 2024 )
=	( (0	+	0)	/	1 )	/	0
=	0					/	0
=

New Target Mining (TSXV:NEW.H) 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.

New Target Mining's Days Inventory for the three months ended in Jul. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2024 )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

New Target Mining's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jul. 2024 )	/	Average Total Inventories (Q: Jul. 2024 )
	=	0	/	0
	=

New Target Mining Inventory-to-Revenue Related Terms

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New Target Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Target Mining Corp (TSXV:NEW.H) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.newtargetmining.com

New Target Mining Corp is an exploration-stage junior mining company engaged in the identification, acquisition, and exploration of mineral properties in Canada. The firm has a property option agreement on the Scarlett Property in British Columbia, Canada.

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