Lida Resources (FRA:1CCA) Inventory Turnover : 0.00 (As of May. 2023)

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What is Lida Resources 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. Lida Resources's Cost of Goods Sold for the three months ended in May. 2023 was €0.00 Mil. Lida Resources's Average Total Inventories for the quarter that ended in May. 2023 was €0.00 Mil.

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

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.

Lida Resources Inventory Turnover Historical Data

The historical data trend for Lida Resources'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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Lida Resources Inventory Turnover Chart

Lida Resources Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Inventory Turnover

Lida Resources Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Inventory Turnover	Get a 7-Day Free Trial														-	-	-	-	-

Lida Resources Inventory Turnover Calculation

Lida Resources's Inventory Turnover for the fiscal year that ended in Aug. 2022 is calculated as

	Inventory Turnover (A: Aug. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2022 )	/ (	(Total Inventories (A: Aug. 2021 )	+	Total Inventories (A: Aug. 2022 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Lida Resources's Inventory Turnover for the quarter that ended in May. 2023 is calculated as

	Inventory Turnover (Q: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2023 )	/ (	(Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: May. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Lida Resources (FRA:1CCA) 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.

Lida Resources's Days Inventory for the three months ended in May. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2023 )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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.

Lida Resources's Inventory to Revenue for the quarter that ended in May. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2023 )	/	Revenue (Q: May. 2023 )
	=	0	/	0
	=

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.

Lida Resources Inventory Turnover Related Terms

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Lida Resources (FRA:1CCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lida Resources Inc (FRA:1CCA) » Definitions » Inventory Turnover

Comparable Companies

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Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://lidaresources.minelife.org

Lida Resources Inc is a Canadian mineral exploration and development company focused on advancing the San Vincent deposit located a short drive from Trujillo, Peru. The Company also owns the Fruta del Sur deposit, with the potential to be one of Peru's most prolific mines.

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