CMLGF (Canickel Mining) Inventory Turnover: 0.00 (As of Mar. 2025)

What is Canickel Mining Inventory Turnover?

Canickel Mining CMLGF -100.00% 12 Inventory Turnover is 0.00 as of Mar. 2025. GuruFocus rates CMLGF with a GF Score™ of 12/100.

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. Canickel Mining's Cost of Goods Sold for the three months ended in Mar. 2025 was $0.17 Mil. Canickel Mining's Average Total Inventories for the quarter that ended in Mar. 2025 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canickel Mining's Days Inventory for the three months ended in Mar. 2025 was 0.00.

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.

Canickel Mining (OTCPK:CMLGF) 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.

Canickel Mining's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	0	/	0.168	*	365 / 4
	=	0.00

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.

Canickel Mining's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	0	/	0
	=

* 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.

Canickel Mining Inventory Turnover Related Terms

Canickel Mining Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Canickel Mining's Inventory Turnover can be seen below:

Canickel Mining Inventory Turnover Chart

Canickel Mining Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

0.00

Canickel Mining Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

12GF Score

Canickel Mining Ltd CMLGF

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Canickel Mining Inventory Turnover Calculation

Canickel Mining's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	0.74	/ (	(0	+	0)	/	1 )
=	0.74	/	0
=	N/A

Canickel Mining's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	0.168	/ (	(0	+	0)	/	1 )
=	0.168	/	0
=	N/A

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.00 mean?

Canickel Mining (CMLGF) has a Inventory Turnover of 0.00 as of Mar. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Canickel Mining and its competitors.

Is Canickel Mining's Inventory Turnover too high?

Canickel Mining's current Inventory Turnover is 0.00. Overall, Canickel Mining has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Canickel Mining's Inventory Turnover compare to NRHI and WOLV?

Canickel Mining's Inventory Turnover of 0.00 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Metals & Mining company?

A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Canickel Mining and its competitors. Canickel Mining's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Canickel Mining stock overvalued right now?

Canickel Mining (CMLGF) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Canickel Mining's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Canickel Mining (CMLGF), the current Inventory Turnover is 0.00 as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canickel Mining Business Description

Industry Basic Materials Metals & Mining

Comparable Companies NRHI WOLV ENRT NWIFF FUST LBRMF ASX:BHP ASX:RIO LSE:RIO SAU:1211 LSE:GLEN MEX:GMEXICOB BSP:VALE3 ASX:FMG LSE:AAL HKSE:03993 BOM:500188 BOM:500295 SHSE:600111 TSX:TECK.B

Address 320 Granville Street, Suite 720, Vancouver, BC, CAN, V6B 0G5

Website https://www.canickel.com

Canickel Mining Ltd is a Canadian resource company focused on the care and maintenance of its owned Bucko Lake Mine and nickel sulphide project located near Wabowden, Manitoba. The company has single reportable segment and is focused on nickel mining and related activities, including exploration and the extraction and processing of nickel-containing ore.

12GF Score

Get the complete analysis for CMLGF

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.02

Price

View CMLGF Analysis

See Inventory Turnover data for all stocks →