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TNTMF (Transition Metals) Inventory Turnover : 0.00 (As of Nov. 2024)


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What is Transition 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. Transition Metals's Cost of Goods Sold for the three months ended in Nov. 2024 was $0.00 Mil. Transition Metals's Average Total Inventories for the quarter that ended in Nov. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Transition Metals's Days Inventory for the three months ended in Nov. 2024 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.


Transition Metals Inventory Turnover Historical Data

The historical data trend for Transition 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.

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Transition Metals Inventory Turnover Chart

Transition Metals Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Inventory Turnover
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Transition Metals Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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Transition Metals Inventory Turnover Calculation

Transition Metals's Inventory Turnover for the fiscal year that ended in Aug. 2024 is calculated as

Inventory Turnover (A: Aug. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Aug. 2024 ) / ((Total Inventories (A: Aug. 2023 ) + Total Inventories (A: Aug. 2024 )) / count )
=0.007 / ((0 + 0) / 1 )
=0.007 / 0
=N/A

Transition Metals's Inventory Turnover for the quarter that ended in Nov. 2024 is calculated as

Inventory Turnover (Q: Nov. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Nov. 2024 ) / ((Total Inventories (Q: Aug. 2024 ) + Total Inventories (Q: Nov. 2024 )) / count )
=0.001 / ((0 + 0) / 1 )
=0.001 / 0
=N/A

* 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.


Transition Metals  (OTCPK:TNTMF) 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.

Transition Metals's Days Inventory for the three months ended in Nov. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Nov. 2024 )/Cost of Goods Sold (Q: Nov. 2024 )*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.

Transition Metals's Inventory to Revenue for the quarter that ended in Nov. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Nov. 2024 ) / Revenue (Q: Nov. 2024 )
=0 / 0
=

* 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.


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.


Transition Metals Inventory Turnover Related Terms

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Transition Metals Business Description

Traded in Other Exchanges
Address
9C - 1351Kelly Lake Road, Sudbury, ON, CAN, P3E 5P5
Transition Metals Corp is a mineral exploration company. It evaluates, acquires, explores, and develops mineral properties in Canada and the United States. The company's projects include Pike Warden - Yukon Territory, Gowganda Gold, Pipestone, Homathko, and Maude Lake among others.

Transition Metals Headlines

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