Grande Portage Resources (FRA:GPB) Inventory Turnover : 0.00 (As of Jan. 2024)

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What is Grande Portage 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. Grande Portage Resources's Cost of Goods Sold for the three months ended in Jan. 2024 was €0.00 Mil. Grande Portage Resources's Average Total Inventories for the quarter that ended in Jan. 2024 was €0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grande Portage Resources's Days Inventory for the three months ended in Jan. 2024 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.

Grande Portage Resources Inventory Turnover Historical Data

The historical data trend for Grande Portage 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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Grande Portage Resources Inventory Turnover Chart

Grande Portage Resources Annual Data

Trend

Oct14

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Oct23

Inventory Turnover

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Grande Portage Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Grande Portage Resources Inventory Turnover Calculation

Grande Portage Resources's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	0.003	/ (	(0	+	0)	/	1 )
=	0.003	/	0
=	N/A

Grande Portage Resources's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	0.004	/ (	(0	+	0)	/	1 )
=	0.004	/	0
=	N/A

Grande Portage Resources (FRA:GPB) 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.

Grande Portage Resources's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	0	/	0.004	*	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.

Grande Portage Resources's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	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.

Grande Portage Resources Inventory Turnover Related Terms

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Grande Portage Resources (FRA:GPB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grande Portage Resources Ltd (FRA:GPB) » Definitions » Inventory Turnover

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Traded in Other Exchanges

GPTRF:USA GPB:Germany GPG:Canada

Address

280 - 1090 West Georgia Street, Vancouver, BC, CAN, V6E 3V7

Website

https://www.grandeportage.com

Grande Portage Resources Ltd is a mineral exploration company based in Canada. The principal business activities are the exploration for and development of natural resource properties namely gold, in Alaska. The company holds an interest in Herbert Gold Property located to the north of Juneau, Alaska.

Grande Portage Resources (FRA:GPB) Headlines

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