SILEF (Silver Elephant Mining) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is Silver Elephant Mining 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. Silver Elephant Mining's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.03 Mil. Silver Elephant Mining's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Silver Elephant Mining's Days Inventory for the three months ended in Sep. 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.

Silver Elephant Mining Inventory Turnover Historical Data

The historical data trend for Silver Elephant Mining'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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Silver Elephant Mining Inventory Turnover Chart

Silver Elephant Mining Annual Data

Trend

Dec12

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Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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Silver Elephant Mining Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Silver Elephant Mining Inventory Turnover Calculation

Silver Elephant Mining's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	0.017	/ (	(0	+	0)	/	1 )
=	0.017	/	0
=	N/A

Silver Elephant Mining's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.029	/ (	(0	+	0)	/	1 )
=	0.029	/	0
=	N/A

Silver Elephant Mining (OTCPK:SILEF) 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.

Silver Elephant Mining's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	0.029	*	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.

Silver Elephant Mining's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

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

Silver Elephant Mining Inventory Turnover Related Terms

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Silver Elephant Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Elephant Mining Corp (OTCPK:SILEF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

1P2:Germany 1P2:Germany ELEF:Canada

Address

409 Granville Street, Suite 1610, Vancouver, BC, CAN, V6C 1T2

Website

https://www.silverelef.com

Silver Elephant Mining Corp is a Canada-based mining and exploration company of energy metals. The company is amassing large quantities of silver and nickel-metal resources in the ground. Geographically, it operates in Canada; the USA; Mongolia, and Bolivia. Its projects include Pulacayo; Sunawayo; El Triunfo ; Minago; Triunfo and Gibellini.