Slam Exploration (Slam Exploration) Inventory Turnover : 0.00 (As of Oct. 2023)

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

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Slam Exploration's Days Inventory for the three months ended in Oct. 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.

Slam Exploration Inventory Turnover Historical Data

The historical data trend for Slam 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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Slam Exploration Inventory Turnover Chart

Slam Exploration Annual Data

Trend

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Inventory Turnover

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Slam Exploration Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Slam Exploration Inventory Turnover Calculation

Slam Exploration's Inventory Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Inventory Turnover (A: Jan. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2023 )	/ (	(Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )
=	0.007	/ (	(0	+	0)	/	1 )
=	0.007	/	0
=	N/A

Slam Exploration's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	0.001	/ (	(0	+	0)	/	1 )
=	0.001	/	0
=	N/A

Slam Exploration (OTCPK:SLMXF) 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.

Slam Exploration's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	0	/	0.001	*	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.

Slam Exploration's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

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

Slam Exploration Inventory Turnover Related Terms

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Slam Exploration (Slam Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Slam Exploration Ltd (OTCPK:SLMXF) » Definitions » Inventory Turnover

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SXL:Canada

Address

295 Hutchison Drive, Miramichi, NB, CAN, E1V 6C7

Website

https://www.slamexploration.com

Slam Exploration Ltd is a mineral resource company. Principally, it is engaged in the acquisition, exploration, and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. Some of the company's properties are Menneval Gold Project, Mt. Victor Property, and others.