MGX Minerals (MGX Minerals) Inventory Turnover : 0.00 (As of Apr. 2021)

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What is MGX Minerals 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. MGX Minerals's Cost of Goods Sold for the three months ended in Apr. 2021 was $0.01 Mil. MGX Minerals's Average Total Inventories for the quarter that ended in Apr. 2021 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MGX Minerals's Days Inventory for the three months ended in Apr. 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.

MGX Minerals Inventory Turnover Historical Data

The historical data trend for MGX Minerals'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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MGX Minerals Inventory Turnover Chart

MGX Minerals Annual Data

Trend

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Inventory Turnover

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MGX Minerals Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

MGX Minerals Inventory Turnover Calculation

MGX Minerals's Inventory Turnover for the fiscal year that ended in Jul. 2020 is calculated as

	Inventory Turnover (A: Jul. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2020 )	/ (	(Total Inventories (A: Jul. 2019 )	+	Total Inventories (A: Jul. 2020 ))	/	count )
=	0.027	/ (	(0	+	0)	/	1 )
=	0.027	/	0
=	N/A

MGX Minerals's Inventory Turnover for the quarter that ended in Apr. 2021 is calculated as

	Inventory Turnover (Q: Apr. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2021 )	/ (	(Total Inventories (Q: Jan. 2021 )	+	Total Inventories (Q: Apr. 2021 ))	/	count )
=	0.007	/ (	(0	+	0)	/	1 )
=	0.007	/	0
=	N/A

MGX Minerals (OTCPK:MGXMF) 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.

MGX Minerals's Days Inventory for the three months ended in Apr. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2021 )	/	Cost of Goods Sold (Q: Apr. 2021 )	*	Days in Period
	=	0	/	0.007	*	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.

MGX Minerals's Inventory to Revenue for the quarter that ended in Apr. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2021 )	/	Revenue (Q: Apr. 2021 )
	=	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.

MGX Minerals Inventory Turnover Related Terms

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MGX Minerals (MGX Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MGX Minerals Inc (OTCPK:MGXMF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

1080 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T1

Website

http://www.mgxminerals.com

MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.