LGLOF (Green Block Mining) Inventory Turnover: (As of Aug. 2021)

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What is Green Block Mining 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. Green Block Mining's Cost of Goods Sold for the three months ended in Aug. 2021 was $0.71 Mil. Green Block Mining's Average Total Inventories for the quarter that ended in Aug. 2021 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Green Block Mining's Days Inventory for the three months ended in Aug. 2021 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. Green Block Mining's Inventory-to-Revenue for the quarter that ended in Aug. 2021 was 0.00.

Green Block Mining  (OTCPK:LGLOF) 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.

Green Block Mining's Days Inventory for the three months ended in Aug. 2021 is calculated as:

Days Inventory =Average Total Inventories (Q: Aug. 2021 )/Cost of Goods Sold (Q: Aug. 2021 )*Days in Period
=0/0.70939300000431*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.

Green Block Mining's Inventory to Revenue for the quarter that ended in Aug. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Aug. 2021 ) / Revenue (Q: Aug. 2021 )
=0 / 0.73655000000448
=0.00

* 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.

Green Block Mining Inventory Turnover Related Terms

Green Block Mining Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Green Block Mining'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.

Green Block Mining Inventory Turnover Chart

Green Block Mining Annual Data
Trend Nov18 Nov19 Nov20
Inventory Turnover
- - -

Green Block Mining Quarterly Data
Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Green Block Mining Inventory Turnover Calculation

Green Block Mining's Inventory Turnover for the fiscal year that ended in Nov. 2020 is calculated as

Inventory Turnover (A: Nov. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Nov. 2020 ) / ((Total Inventories (A: Nov. 2019 ) + Total Inventories (A: Nov. 2020 )) / count )
=3.8369770000148 / ((0 + 0) / 1 )
=3.8369770000148 / 0
=N/A

Green Block Mining's Inventory Turnover for the quarter that ended in Aug. 2021 is calculated as

Inventory Turnover (Q: Aug. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Aug. 2021 ) / ((Total Inventories (Q: May. 2021 ) + Total Inventories (Q: Aug. 2021 )) / count )
=0.70939300000431 / ((0 + 0) / 1 )
=0.70939300000431 / 0
=N/A

* 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.

Green Block Mining Business Description

Address 800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6
Green Block Mining Corp, formerly Link Global Technologies Inc is a innovative power and infrastructure solution provider for digital mining and data hosting operations. LINK maximizes the potential of today's technologies through power solutions. It builds and manages semi-portable, self-contained power solutions that can be rapidly deployed in virtually any environment. With the low-cost, energy-efficient and smart infrastructure company provides digital mining services to third parties.