Matachewan Consolidated Mines (Matachewan Consolidated Mines) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Matachewan Consolidated Mines 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. Matachewan Consolidated Mines's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. Matachewan Consolidated Mines's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Matachewan Consolidated Mines's Days Inventory for the three months ended in Mar. 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. Matachewan Consolidated Mines's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Matachewan Consolidated Mines Inventory Turnover Historical Data

The historical data trend for Matachewan Consolidated Mines'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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Matachewan Consolidated Mines Inventory Turnover Chart

Matachewan Consolidated Mines Annual Data

Trend

Dec14

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Matachewan Consolidated Mines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Matachewan Consolidated Mines Inventory Turnover Calculation

Matachewan Consolidated Mines's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0.021	/ (	(0	+	0)	/	1 )
=	0.021	/	0
=	N/A

Matachewan Consolidated Mines's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.005	/ (	(0	+	0)	/	1 )
=	0.005	/	0
=	N/A

Matachewan Consolidated Mines (OTCPK:MWCAF) 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.

Matachewan Consolidated Mines's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0	/	0.005	*	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.

Matachewan Consolidated Mines's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0	/	0.021
	=	0.00

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.

Matachewan Consolidated Mines Inventory Turnover Related Terms

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Matachewan Consolidated Mines (Matachewan Consolidated Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Matachewan Consolidated Mines Ltd (OTCPK:MWCAF) » Definitions » Inventory Turnover

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MCM.A:Canada

Address

130 Adelaide Street West, Suite 1910, Box 18 - Richmond Adelaide Centre, Toronto, ON, CAN, M5H 3P5

Website

Matachewan Consolidated Mines Ltd is a natural resource company. The company holds an investment in petroleum interests, as well as direct and indirect interests in mineral properties all of which are in Canada.

Matachewan Consolidated Mines (Matachewan Consolidated Mines) Headlines

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