G Mining Ventures (TSX:GMIN) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is G Mining Ventures 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. G Mining Ventures's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.06 Mil. G Mining Ventures's Average Total Inventories for the quarter that ended in Mar. 2024 was C$17.74 Mil. G Mining Ventures's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. G Mining Ventures's Days Inventory for the three months ended in Mar. 2024 was 26,105.59.

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.

G Mining Ventures Inventory Turnover Historical Data

The historical data trend for G Mining Ventures'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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G Mining Ventures Inventory Turnover Chart

G Mining Ventures Annual Data

Trend

Oct18

Oct19

Oct20

Dec22

Dec23

Inventory Turnover

0.01

G Mining Ventures Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.07	0.02	0.01	-	-

G Mining Ventures Inventory Turnover Calculation

G Mining Ventures'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 )
=	0.121	/ (	(0	+	10.689)	/	1 )
=	0.121	/	10.689
=	0.01

G Mining Ventures'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.062	/ (	(10.689	+	24.786)	/	2 )
=	0.062	/	17.7375
=	0.00

G Mining Ventures (TSX:GMIN) 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.

G Mining Ventures'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
	=	17.7375	/	0.062	*	365 / 4
	=	26,105.59

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.

G Mining Ventures'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 )
	=	17.7375	/	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.

G Mining Ventures Inventory Turnover Related Terms

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G Mining Ventures (TSX:GMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G Mining Ventures Corp (TSX:GMIN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GMINF:USA 0WQ0:Germany

Address

7900 Boul. Taschereau, Building D, Suite 210, Brossard, QC, CAN, J4X 1C2

Website

https://www.gminingventures.com

G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.

Executives

Julie-anais Debreil

Senior Officer

G Mining Ventures (TSX:GMIN) Headlines

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