Gold Reserve (Gold Reserve) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Gold Reserve 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. Gold Reserve's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil. Gold Reserve's Average Total Inventories for the quarter that ended in Dec. 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.

Gold Reserve Inventory Turnover Historical Data

The historical data trend for Gold Reserve'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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Gold Reserve Inventory Turnover Chart

Gold Reserve Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Gold Reserve Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Gold Reserve Inventory Turnover Calculation

Gold Reserve's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

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

Gold Reserve's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

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

Gold Reserve (OTCPK:GDRZF) 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.

Gold Reserve's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 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.

Gold Reserve's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

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

Gold Reserve Inventory Turnover Related Terms

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Gold Reserve (Gold Reserve) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Reserve Inc (OTCPK:GDRZF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GODA:Germany GRZ:Canada

Address

999 West Riverside Avenue, Suite 401, Spokane, WA, USA, 99201

Website

https://www.goldreserveinc.com

Gold Reserve Inc, along with its subsidiaries, is engaged in the business of acquiring, exploring, and developing mining projects. Its primary business activities have been the collection of the remaining amounts owed to the company by Venezuela and, the advancement of the Siembra Minera Project. . Siembra Minera project was granted certain gold, copper, silver, and other strategic mineral rights.

Executives

Steelhead Navigator Master, L.p.	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, UGLAND HOUSE, PO BOX 309, GRAND CAYMAN E9 KY1-1104
Rockne J Timm	director, officer: Chief Executive Officer	C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
A Douglas Belanger	director, officer: President	C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
Robert A Mcguinness	officer: Vice President Finance and CFO	C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
Patrick D Mcchesney	director	C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
Jean Charles Potvin	director	C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
James P Geyer	director, officer: Senior Vice President	C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
Mary E Smith	officer: VP Administration & Secretary	C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVE, SUITE 200, SPOKANE WA 99201
Chris D Mikkelsen	director	C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
James Hayward Coleman	director	C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200, SPOKANE WA 99201
Steelhead Partners Llc	other: See footnotes	800 FIFTH AVENUE, SUITE 3700, SEATTLE WA 98104
James Michael Johnston	other: See footnotes	333 108TH AVENUE NE, SUITE 2010, BELLEVUE WA 98004
Brian Katz Klein	other: See footnotes	333 108TH AVENUE NE, SUITE 2010, BELLEVUE WA 98004