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LIFFF (Li-FT Power) Inventory Turnover : 0.00 (As of Aug. 2024)


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What is Li-FT Power 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. Li-FT Power's Cost of Goods Sold for the three months ended in Aug. 2024 was $0.03 Mil. Li-FT Power's Average Total Inventories for the quarter that ended in Aug. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Li-FT Power's Days Inventory for the three months ended in Aug. 2024 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.


Li-FT Power Inventory Turnover Historical Data

The historical data trend for Li-FT Power'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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Li-FT Power Inventory Turnover Chart

Li-FT Power Annual Data
Trend Nov21 Nov22
Inventory Turnover
- -

Li-FT Power Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Feb24 May24 Aug24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Li-FT Power Inventory Turnover Calculation

Li-FT Power's Inventory Turnover for the fiscal year that ended in Nov. 2022 is calculated as

Inventory Turnover (A: Nov. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Nov. 2022 ) / ((Total Inventories (A: Nov. 2021 ) + Total Inventories (A: Nov. 2022 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Li-FT Power's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover (Q: Aug. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Aug. 2024 ) / ((Total Inventories (Q: May. 2024 ) + Total Inventories (Q: Aug. 2024 )) / count )
=0.03 / ((0 + 0) / 1 )
=0.03 / 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.


Li-FT Power  (OTCPK:LIFFF) 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.

Li-FT Power's Days Inventory for the three months ended in Aug. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Aug. 2024 )/Cost of Goods Sold (Q: Aug. 2024 )*Days in Period
=0/0.03*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.

Li-FT Power's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Aug. 2024 ) / Revenue (Q: Aug. 2024 )
=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.


Li-FT Power Inventory Turnover Related Terms

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Li-FT Power Business Description

Traded in Other Exchanges
Address
1030 West Georgia Street, Suite 1218, Vancouver, BC, CAN, V6E 2Y3
Li-FT Power Ltd is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company's flagship project is the Yellowknife Lithium Project located in Northwest Territories. The Yellowknife Lithium Project is comprised of mineral leases that cover the lithium pegmatites. Li-FT also holds three early-stage exploration properties in Quebec, Canada with potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories.