First Mining Gold (TSX:FF) Inventory Turnover : 0.00 (As of Sep. 2024)

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What is First Mining 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. First Mining Gold's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.04 Mil. First Mining Gold's Average Total Inventories for the quarter that ended in Sep. 2024 was C$0.00 Mil.

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

First Mining Gold Inventory Turnover Historical Data

The historical data trend for First Mining 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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First Mining Gold Inventory Turnover Chart

First Mining Gold Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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First Mining Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

First Mining Gold Inventory Turnover Calculation

First Mining Gold's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0.299	/ (	(0	+	0)	/	1 )
=	0.299	/	0
=	N/A

First Mining Gold's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	0.039	/ (	(0	+	0)	/	1 )
=	0.039	/	0
=	N/A

First Mining Gold (TSX:FF) 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.

First Mining Gold's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0	/	0.039	*	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.

First Mining Gold's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

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

First Mining Gold Inventory Turnover Related Terms

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First Mining Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Mining Gold Corp (TSX:FF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

FFMGF:USA 0P07:UK FMG:Germany FMG:Germany

Address

1188 West Georgia Street, Suite 2070, Vancouver, BC, CAN, V6E 4A2

Website

https://www.firstmininggold.com

First Mining Gold Corp is engaged in the acquisition, exploration, development, and selective disposition of its North American mineral properties. It is engaged in advancing a portfolio of gold projects in Canada, with the project being the Springpole Gold Project in northwestern Ontario. The company also holds an equity position in Treasury Metals which is advancing the Goliath Gold Complex toward construction. Its portfolio of gold projects in eastern Canada also includes Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. In addition, the Company holds an interest in the PC Gold legal entity which holds the Pickle Crow gold project.

Executives

Keith Neumeyer	Director
Raymond L. Polman	Director
Richard Lock	Director
Kenneth Engquist	Senior Officer
Samir Devendra Patel	Senior Officer
Andrew Colin Marshall	Senior Officer
Daniel William Wilton	Director, Senior Officer
Malgorzata Karwowska	Senior Officer
David Andrew Shaw	Director, Senior Officer