IEGCF (Independence Gold) Inventory Turnover: 0.00 (As of Mar. 2026)

What is Independence Gold Inventory Turnover?

Independence Gold IEGCF +3.54% 27 Inventory Turnover is 0.00 as of Mar. 2026. GuruFocus rates IEGCF with a GF Score™ of 27/100. The stock has 1 warning sign investors should review.

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. Independence Gold's Cost of Goods Sold for the three months ended in Mar. 2026 was $0.02 Mil. Independence Gold's Average Total Inventories for the quarter that ended in Mar. 2026 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Independence Gold's Days Inventory for the three months ended in Mar. 2026 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.

Independence Gold (OTCPK:IEGCF) 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.

Independence Gold's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	0	/	0.015	*	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.

Independence Gold's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	0	/	0
	=

* 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.

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.

Independence Gold Inventory Turnover Related Terms

Independence Gold Inventory Turnover Historical Data

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The historical data trend for Independence Gold's Inventory Turnover can be seen below:

Independence Gold Inventory Turnover Chart

Independence Gold Annual Data

Trend

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Inventory Turnover

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0.00

Independence Gold Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

27GF Score

Independence Gold Corp IEGCF

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Independence Gold Inventory Turnover Calculation

Independence Gold's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	0.058	/ (	(0	+	0)	/	1 )
=	0.058	/	0
=	N/A

Independence Gold's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	0.015	/ (	(0	+	0)	/	1 )
=	0.015	/	0
=	N/A

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.00 mean?

Independence Gold (IEGCF) has a Inventory Turnover of 0.00 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Independence Gold and its competitors.

Is Independence Gold's Inventory Turnover too high?

Independence Gold's current Inventory Turnover is 0.00. Overall, Independence Gold has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.

How does Independence Gold's Inventory Turnover compare to NEM and AU?

Independence Gold's Inventory Turnover of 0.00 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Metals & Mining company?

A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Independence Gold and its competitors. Independence Gold's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Independence Gold stock overvalued right now?

Independence Gold (IEGCF) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Independence Gold's overall GF Score™ is 27/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Independence Gold (IEGCF), the current Inventory Turnover is 0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Independence Gold Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSXV:TRR TSXV:RAK TSXV:PUMA TSXV:SPMC TSXV:MCC TSXV:CVB TSXV:OTMC TSX:NVO XCNQ:IRV TSXV:JG NEM SHSE:601899 TSX:AEM TSX:ABX TSX:WPM TSX:FNV AU HKSE:02259 JSE:GFI TSX:K

Other Exchanges 625:Germany IGO:Canada

Address 625 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6

Website https://www.ingold.ca

Independence Gold Corp is a mineral exploration company. Its holdings range from early-stage grassroots exploration to further resource expansion in British Columbia and Yukon. Its BC properties include 3Ts Project, Merit Property, Nicoamen Property, Anita Property, and Yukon properties include Boulevard Project, Moosehorn Project. It has one segment, which is the acquisition, exploration, and evaluation of mineral properties in North America.

27GF Score

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