Xiana Mining (Xiana Mining) Inventory Turnover : 116.00 (As of Sep. 2020)

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What is Xiana 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. Xiana Mining's Cost of Goods Sold for the three months ended in Sep. 2020 was $0.23 Mil. Xiana Mining's Average Total Inventories for the quarter that ended in Sep. 2020 was $0.00 Mil. Xiana Mining's Inventory Turnover for the quarter that ended in Sep. 2020 was 116.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiana Mining's Days Inventory for the three months ended in Sep. 2020 was 0.79.

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.

Xiana Mining Inventory Turnover Historical Data

The historical data trend for Xiana 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.

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Xiana Mining Inventory Turnover Chart

Xiana Mining Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Dec19

Inventory Turnover

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60.13

Xiana Mining Quarterly Data
	Jul15	Oct15	Jan16	Apr16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Inventory Turnover	Get a 7-Day Free Trial															6.88	8.28	4.08	6.83	116.00

Xiana Mining Inventory Turnover Calculation

Xiana Mining's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Jan. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	46.117	/ (	(0	+	0.767)	/	1 )
=	46.117	/	0.767
=	60.13

Xiana Mining's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	0.232	/ (	(0.002	+	0)	/	1 )
=	0.232	/	0.002
=	116.00

Xiana Mining (OTCPK:DRIFF) 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.

Xiana Mining's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	0.002	/	0.232	*	365 / 4
	=	0.79

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.

Xiana Mining's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	0.002	/	-0.57
	=

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.

Xiana Mining Inventory Turnover Related Terms

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Xiana Mining (Xiana Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xiana Mining Inc (OTCPK:DRIFF) » Definitions » Inventory Turnover

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Address

837 West Hastings Street, Suite 507, Vancouver, BC, CAN, V6C 3N6

Website

https://www.xianamining.com

Xiana Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company focuses on exploration for precious and base metals in its property interest. Its exploration activities are focused on mineral claim blocks grouped into the Central Zone, North Zone, and South Zone. It produces copper-gold concentrates from the Minera Altos De Punitaqui in Chile.

Executives

Anton J Drescher	director, officer: President	837 WEST HASTINGS STREET #507, VANCOUVER BC, CANADA V6C 3N6 A1 0000
Edwin Molina	10 percent owner	8 WEST MAIN STREET, NIANTIC CT 06352
Norman J Bonin	director	5769 ANCHOR ROAD SECHELT BC CANADA A1 V0N3A0

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