Faircourt Goldome (TSX:FGX) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Faircourt Goldome 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. Faircourt Goldome's Cost of Goods Sold for the six months ended in Dec. 2023 was C$0.04 Mil. Faircourt Goldome's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Faircourt Goldome's Days Inventory for the six months ended in Dec. 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. Faircourt Goldome's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Faircourt Goldome Inventory Turnover Historical Data

The historical data trend for Faircourt Goldome'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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Faircourt Goldome Inventory Turnover Chart

Faircourt Goldome Annual Data

Trend

Dec14

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Dec23

Inventory Turnover

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Faircourt Goldome Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Faircourt Goldome Inventory Turnover Calculation

Faircourt Goldome'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 )
=	0.109	/ (	(0	+	0)	/	1 )
=	0.109	/	0
=	N/A

Faircourt Goldome's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.035	/ (	(0	+	0)	/	1 )
=	0.035	/	0
=	N/A

Faircourt Goldome (TSX:FGX) 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.

Faircourt Goldome's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	0.035	*	365 / 2
	=	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.

Faircourt Goldome's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	0.31
	=	0.00

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.

Faircourt Goldome Inventory Turnover Related Terms

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Faircourt Goldome (TSX:FGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Faircourt Gold Income Corp (TSX:FGX) » Definitions » Inventory Turnover

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Address

120 Adelaide Street West, Suite 2107, Toronto, ON, CAN, M5H 1T1

Website

https://www.faircourtassetmgt.com

Faircourt Gold Income Corp is a closed-end investment fund/investment trust. The company's investment objective is to provide shareholders with monthly distributions and the opportunity for capital appreciation. It provides investors with exposure to the various companies involved in gold exploration, mining or production, while also providing a tax-efficient yield in the form of monthly distributions. Geographically the group operates throughout the region of Canada.

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