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CTGX Mining (CTGX Mining) Inventory Turnover : 0.21 (As of Jan. 2005)


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What is CTGX Mining Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. CTGX Mining's Cost of Goods Sold for the three months ended in Jan. 2005 was $0.06 Mil. CTGX Mining's Average Total Inventories for the quarter that ended in Jan. 2005 was $0.28 Mil. CTGX Mining's Inventory Turnover for the quarter that ended in Jan. 2005 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CTGX Mining's Days Inventory for the three months ended in Jan. 2005 was 434.60.

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. CTGX Mining's Inventory-to-Revenue for the quarter that ended in Jan. 2005 was 3.27.


CTGX Mining Inventory Turnover Historical Data

The historical data trend for CTGX Mining's Inventory Turnover 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.

* Premium members only.

CTGX Mining Inventory Turnover Chart

CTGX Mining Annual Data
Trend Mar03
Inventory Turnover
-

CTGX Mining Quarterly Data
Jun03 Sep03 Dec03 Mar04 Jul04 Oct04 Jan05
Inventory Turnover Get a 7-Day Free Trial - - 0.68 0.48 0.21

CTGX Mining Inventory Turnover Calculation

CTGX Mining's Inventory Turnover for the fiscal year that ended in Mar. 2003 is calculated as

Inventory Turnover (A: Mar. 2003 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2003 ) / ((Total Inventories (A: . 20 ) + Total Inventories (A: Mar. 2003 )) / count )
=0 / (( + 0) / 1 )
=0 / 0
=N/A

CTGX Mining's Inventory Turnover for the quarter that ended in Jan. 2005 is calculated as

Inventory Turnover (Q: Jan. 2005 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jan. 2005 ) / ((Total Inventories (Q: Oct. 2004 ) + Total Inventories (Q: Jan. 2005 )) / count )
=0.059 / ((0.267 + 0.295) / 2 )
=0.059 / 0.281
=0.21

* 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.


CTGX Mining  (OTCPK:CHCX) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

CTGX Mining's Days Inventory for the three months ended in Jan. 2005 is calculated as:

Days Inventory =Average Total Inventories (Q: Jan. 2005 )/Cost of Goods Sold (Q: Jan. 2005 )*Days in Period
=0.281/0.059*365 / 4
=434.60

2. 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.

CTGX Mining's Inventory to Revenue for the quarter that ended in Jan. 2005 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2005 ) / Revenue (Q: Jan. 2005 )
=0.281 / 0.086
=3.27

* 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.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


CTGX Mining Inventory Turnover Related Terms

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CTGX Mining (CTGX Mining) Business Description

Traded in Other Exchanges
N/A
Address
1015 G Waterwood Parkway, Suite O-2, Edmund, OK, USA, 73034
CTGX Mining Inc is an international, environmentally sensitive, minerals and resource development company. It holds mining interests in both Mexico and Columbia focused on a large reserve of rare earth elements, gold, silver lithium and other valuable ores.
Executives
Matthew Cohen director, officer: CEO and Chairman of the Board 1702 COSTA DEL SOL, BOCA RATON FL 33432

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