Gold Lakes (Gold Lakes) Inventory Turnover : 0.00 (As of Apr. 2017)

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What is Gold Lakes 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 Lakes's Cost of Goods Sold for the three months ended in Apr. 2017 was $0.00 Mil. Gold Lakes's Average Total Inventories for the quarter that ended in Apr. 2017 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 Lakes Inventory Turnover Historical Data

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

Gold Lakes Annual Data

Trend

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Inventory Turnover

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Gold Lakes Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
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Gold Lakes Inventory Turnover Calculation

Gold Lakes's Inventory Turnover for the fiscal year that ended in Jul. 2016 is calculated as

	Inventory Turnover (A: Jul. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2016 )	/ (	(Total Inventories (A: Jul. 2015 )	+	Total Inventories (A: Jul. 2016 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Gold Lakes's Inventory Turnover for the quarter that ended in Apr. 2017 is calculated as

	Inventory Turnover (Q: Apr. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2017 )	/ (	(Total Inventories (Q: Jan. 2017 )	+	Total Inventories (Q: Apr. 2017 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Gold Lakes (GREY:GLLK) 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 Lakes's Days Inventory for the three months ended in Apr. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2017 )	/	Cost of Goods Sold (Q: Apr. 2017 )	*	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 Lakes's Inventory to Revenue for the quarter that ended in Apr. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2017 )	/	Revenue (Q: Apr. 2017 )
	=	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 Lakes Inventory Turnover Related Terms

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Gold Lakes (Gold Lakes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Lakes Corp (GREY:GLLK) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

3401 Enterprise Parkway, Suite 340, Beachwood, OH, USA, 42122

Website

http://www.goldlakes.com

Gold Lakes Corp is involved in the business of mining and developing precious metals, mainly Gold. Its projects include The Big Monty property located in the north of Kirkland Lake and east of Timmins in Ontario and The Ponderosa property located in townships of Frecheville, Stoughton, and the Mistaken islands of Ontario, Canada.

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