Goldsource Mines (STU:G5MA) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Goldsource Mines 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. Goldsource Mines's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.00 Mil. Goldsource Mines's Average Total Inventories for the quarter that ended in Mar. 2024 was €0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Goldsource Mines Inventory Turnover Historical Data

The historical data trend for Goldsource Mines'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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Goldsource Mines Inventory Turnover Chart

Goldsource Mines Annual Data

Trend

Dec13

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Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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Goldsource Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Goldsource Mines Inventory Turnover Calculation

Goldsource Mines's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0.027	/ (	(0	+	0)	/	1 )
=	0.027	/	0
=	N/A

Goldsource Mines's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Goldsource Mines (STU:G5MA) 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.

Goldsource Mines's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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.

Goldsource Mines's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

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

Goldsource Mines Inventory Turnover Related Terms

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Goldsource Mines (STU:G5MA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldsource Mines Inc (STU:G5MA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GXSFF:USA G5MA:Germany GXS:Canada

Address

570 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 3P1

Website

https://www.goldsourcemines.com

Goldsource Mines Inc is a Canadian resource company. It is engaged in the business segment of the acquisition, exploration, and evaluation of resource properties. The geographical segments of the group are Canada and Guyana. It has a business interest in Eagle Mountain Gold Project, located on the Eagle Mountain Property, in Guyana, South America.

Goldsource Mines (STU:G5MA) Headlines

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