Golden Star Resources (Golden Star Resources) Inventory Turnover : 1.33 (As of Sep. 2021)

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What is Golden Star 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. Golden Star Resources's Cost of Goods Sold for the three months ended in Sep. 2021 was $44.9 Mil. Golden Star Resources's Average Total Inventories for the quarter that ended in Sep. 2021 was $33.7 Mil. Golden Star Resources's Inventory Turnover for the quarter that ended in Sep. 2021 was 1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Star Resources's Days Inventory for the three months ended in Sep. 2021 was 68.58.

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. Golden Star Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.52.

Golden Star Resources Inventory Turnover Historical Data

The historical data trend for Golden Star 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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Golden Star Resources Inventory Turnover Chart

Golden Star Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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4.78

5.44

6.00

3.44

4.27

Golden Star Resources Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Inventory Turnover	Get a 7-Day Free Trial															1.00	1.29	1.25	1.18	1.33

Golden Star Resources Inventory Turnover Calculation

Golden Star Resources's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	148.149	/ (	(38.86	+	30.6)	/	2 )
=	148.149	/	34.73
=	4.27

Golden Star Resources's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

	Inventory Turnover (Q: Sep. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )
=	44.861	/ (	(34.926	+	32.502)	/	2 )
=	44.861	/	33.714
=	1.33

Golden Star Resources (AMEX:GSS) 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.

Golden Star Resources's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2021 )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
	=	33.714	/	44.861	*	365 / 4
	=	68.58

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.

Golden Star Resources's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	33.714	/	64.329
	=	0.52

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.

Golden Star Resources Inventory Turnover Related Terms

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Golden Star Resources (Golden Star Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Star Resources Ltd (AMEX:GSS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 King Street West, Suite 1200, Sun Life Financial, Toronto, ON, CAN, M5H 1J9

Website

http://www.gsr.com

Golden Star Resources Ltd is a Canadian-based gold mining and exploration company. The company holds interests in various gold exploration projects in Ghana and parts of West Africa, and it also holds and manages properties in Brazil. The majority of the group's gold production is sold to a gold refinery in South Africa. The long-term objective of the company is to continue developing low-cost projects.

Executives

Kathrine Macdonald	10 percent owner	885 PYRFORD ROAD, WEST VANCOUVER A1 V7S 2A2
Samuel T. Coetzer	director, officer: President and CEO	10901 W. TOLLER DRIVE, SUITE 300 LITTLETON CO 80127
S Mitchel Wasel	officer: Vice President, Exploration	10901 WEST TOLLER DRIVE, SUITE 300 LITTLETON CO 80127
Jeffrey A. Swinoga	officer: EVP & CFO	10901 W TOLLER DRIVE LITTLETON CO 80127
Ian Macgregor	director	GOLDEN STAR RESOURCES LTD. 10901 WEST TOLLER DRIVE, SUITE 300 LITTLETON CO 80127
Thompson Christopher M.t.	director	10901 W. TOLLER DRIVE, SUITE 300, LITTLETON CO 80127
Timothy C. Baker	director	10901 W TOLLER DRIVE, LITTLETON CO 80127
Craig J. Nelsen	director	10901 W. TOLLER DRIVE, SUITE 300 LITTLETON CO 80127
Robert E. Doyle	director	10901 W. TOLLER DRIVE SUITE 300 LITTLETON CO 80127
Tony A Jensen	director	620 E HEARTSTRONG STREET, SUPERIOR CO 80027
James E Askew	director	10901 WEST TOLLER DRIVE SUITE 300 LITTLETON CO 80127-6312
Bruce Higson-smith	officer: SVP Corporate Strategy	GOLDEN STAR RESOURCES LTD. 10901 WEST TOLLER DRIVE, SUITE 300 LITTLETON CO 80127-6312
Daniel Owiredu	officer: EVP Operations	10901 W. TOLLER DRIVE, SUITE 300 LITTLETON CO 80127
William Lee Yeates	director	10901 W TOLLER DR STE 300 LITTLETON CO 80127-631
Roger Palmer	officer: Vice President and CFO	10901 WEST TOLLER DRIVE SUITE 300 LITTLETON CO 80127-6312