Gowest Gold (STU:1GWA) Inventory Turnover : 0.01 (As of Jul. 2024)

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What is Gowest Gold 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. Gowest Gold's Cost of Goods Sold for the three months ended in Jul. 2024 was €0.05 Mil. Gowest Gold's Average Total Inventories for the quarter that ended in Jul. 2024 was €7.40 Mil. Gowest Gold's Inventory Turnover for the quarter that ended in Jul. 2024 was 0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gowest Gold's Days Inventory for the three months ended in Jul. 2024 was 14,682.32.

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.

Gowest Gold Inventory Turnover Historical Data

The historical data trend for Gowest Gold'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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Gowest Gold Inventory Turnover Chart

Gowest Gold Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

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Oct23

Inventory Turnover

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0.01

Gowest Gold Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Inventory Turnover	Get a 7-Day Free Trial															0.02	-	-	-	0.01

Gowest Gold Inventory Turnover Calculation

Gowest Gold's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	0.05	/ (	(0	+	7.123)	/	1 )
=	0.05	/	7.123
=	0.01

Gowest Gold's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

	Inventory Turnover (Q: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2024 )	/ (	(Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Jul. 2024 ))	/	count )
=	0.046	/ (	(7.452	+	7.351)	/	2 )
=	0.046	/	7.4015
=	0.01

Gowest Gold (STU:1GWA) 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.

Gowest Gold's Days Inventory for the three months ended in Jul. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2024 )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
	=	7.4015	/	0.046	*	365 / 4
	=	14,682.32

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.

Gowest Gold's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2024 )	/	Revenue (Q: Jul. 2024 )
	=	7.4015	/	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.

Gowest Gold Inventory Turnover Related Terms

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Gowest Gold Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gowest Gold Ltd (STU:1GWA) » Definitions » Inventory Turnover

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Address

80 Richmond Street West, Suite 1400, Toronto, ON, CAN, M5H 2A4

Website

https://www.gowestgold.com

Gowest Gold Ltd is engaged in the business of mining and exploring minerals. Its projects include The Bradshaw Project is located in the Frankfield property and also has interests in the Pipestone, Tully, and Whitney properties.

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