Rackla Metals (Rackla Metals) Inventory Turnover : 0.00 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Rackla Metals 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. Rackla Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil. Rackla Metals's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rackla Metals's Days Inventory for the three months ended in Dec. 2023 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.

Rackla Metals Inventory Turnover Historical Data

The historical data trend for Rackla Metals'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.

* Premium members only.

Rackla Metals Inventory Turnover Chart

Rackla Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

Rackla Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Rackla Metals Inventory Turnover Calculation

Rackla Metals'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 )
=	0.01	/ (	(0	+	0)	/	1 )
=	0.01	/	0
=	N/A

Rackla Metals's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.004	/ (	(0	+	0)	/	1 )
=	0.004	/	0
=	N/A

Rackla Metals (OTCPK:RMETF) 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.

Rackla Metals's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	0.004	*	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.

Rackla Metals's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	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.

Rackla Metals Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Rackla Metals's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Rackla Metals (Rackla Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rackla Metals Inc (OTCPK:RMETF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RAK:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.racklametals.com

Rackla Metals Inc is a Canada-based mineral exploration company engaged in the acquisition and exploration and evaluation activities. All of the company's operations are in Canada. It has an interest in the Rivier Property located in the Yukon Territory, Canada. Other projects include Tombstone Gold Belt Projects, Expo Property and Misisi Gold Project.

Rackla Metals (Rackla Metals) Headlines

No Headlines