RDEXF (Red Pine Exploration) Inventory Turnover : 0.00 (As of Jan. 2025)

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What is Red Pine Exploration 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. Red Pine Exploration's Cost of Goods Sold for the three months ended in Jan. 2025 was $0.04 Mil. Red Pine Exploration's Average Total Inventories for the quarter that ended in Jan. 2025 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red Pine Exploration's Days Inventory for the three months ended in Jan. 2025 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.

Red Pine Exploration Inventory Turnover Historical Data

The historical data trend for Red Pine Exploration'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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Red Pine Exploration Inventory Turnover Chart

Red Pine Exploration Annual Data

Trend

Jul14

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Jul23

Inventory Turnover

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Red Pine Exploration Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24	Jan25
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Red Pine Exploration Inventory Turnover Calculation

Red Pine Exploration's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	0.248	/ (	(0	+	0)	/	1 )
=	0.248	/	0
=	N/A

Red Pine Exploration's Inventory Turnover for the quarter that ended in Jan. 2025 is calculated as

	Inventory Turnover (Q: Jan. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2025 )	/ (	(Total Inventories (Q: Oct. 2024 )	+	Total Inventories (Q: Jan. 2025 ))	/	count )
=	0.038	/ (	(0	+	0)	/	1 )
=	0.038	/	0
=	N/A

Red Pine Exploration (OTCPK:RDEXF) 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.

Red Pine Exploration's Days Inventory for the three months ended in Jan. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2025 )	/	Cost of Goods Sold (Q: Jan. 2025 )	*	Days in Period
	=	0	/	0.038	*	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.

Red Pine Exploration's Inventory to Revenue for the quarter that ended in Jan. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2025 )	/	Revenue (Q: Jan. 2025 )
	=	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.

Red Pine Exploration Inventory Turnover Related Terms

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Red Pine Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Pine Exploration Inc (OTCPK:RDEXF) » Definitions » Inventory Turnover

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Address

145 Wellington Street West, Suite 1001, Toronto, ON, CAN, M5J 1H8

Website

https://www.redpineexp.com

Red Pine Exploration Inc is a Canadian precious metals explorer company. It is involved in the identification, acquisition, and development of properties in Ontario, Canada. The company's flagship Wawa Gold Project is located 2km southeast of the Municipality of Wawa, in Northern Ontario. The property, comprising six thousand nine hundred and eighty six hectares, hosts several former mines with a combined historic production of One hundred twenty thousand oz gold.