Steppe Gold (TSX:STGO) Inventory Turnover: 0.37 (As of Mar. 2026)


TSX:STGO Steppe Gold Ltd TSX:STGO
77 GF Score
Price C$1.30
GF Value C$1.08
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Steppe Gold Inventory Turnover?

Steppe Gold TSX:STGO -7.80% 77 Inventory Turnover is 0.37 as of Mar. 2026. GuruFocus rates TSX:STGO with a GF Score™ of 77/100 and a GF Value™ of C$1.08 (Modestly Overvalued). The stock has 2 warning signs investors should review.

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. Steppe Gold's Cost of Goods Sold for the three months ended in Mar. 2026 was C$20.0 Mil. Steppe Gold's Average Total Inventories for the quarter that ended in Mar. 2026 was C$54.5 Mil. Steppe Gold's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Steppe Gold's Days Inventory for the three months ended in Mar. 2026 was 248.96.

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. Steppe Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.75.

Steppe Gold  (TSX:STGO) 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.

Steppe Gold's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=54.4865/19.971*365 / 4
=248.96

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.

Steppe Gold's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=54.4865 / 72.963
=0.75

* 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.

Steppe Gold Inventory Turnover Related Terms

Steppe Gold Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Steppe 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.

Steppe Gold Inventory Turnover Chart

Steppe Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 1.39 2.70 1.99 2.32

Steppe Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.22 0.19 1.26 0.37
TSX:STGO
77GF Score
Steppe Gold Ltd TSX:STGO
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Steppe Gold Inventory Turnover Calculation

Steppe Gold's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=159.882 / ((89.416 + 48.561) / 2 )
=159.882 / 68.9885
=2.32

Steppe Gold's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=19.971 / ((48.561 + 60.412) / 2 )
=19.971 / 54.4865
=0.37

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.37 mean?
Steppe Gold (TSX:STGO) has a Inventory Turnover of 0.37 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Steppe Gold and its competitors.
Is Steppe Gold's Inventory Turnover too high?
Steppe Gold's current Inventory Turnover is 0.37. Overall, Steppe Gold has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steppe Gold's Inventory Turnover compare to NEM and AU?
Steppe Gold's Inventory Turnover of 0.37 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Metals & Mining company?
A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Steppe Gold and its competitors. Steppe Gold's current Inventory Turnover is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Gold stock overvalued right now?
Based on GuruFocus' analysis, Steppe Gold (TSX:STGO) is currently considered Modestly Overvalued. The stock's GF Value™ is C$1.08, compared to a current price of C$1.30 — trading 20.4% above its estimated fair value. The current Inventory Turnover is 0.37. Steppe Gold's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Steppe Gold (TSX:STGO), the current Inventory Turnover is 0.37 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Steppe Gold (TSX:STGO) Overvalued in 2026?

Based on GuruFocus' analysis, Steppe Gold stock appears to be overvalued. The current stock price of C$1.30 is trading 20.4% above its estimated GF Value™ of C$1.08. GuruFocus considers Steppe Gold to be Modestly Overvalued.

Key valuation signals for TSX:STGO:

  • Inventory Turnover: 0.37
  • GF Value™: C$1.08 vs. price of C$1.30 (20.4% above fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the TSX:STGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Steppe Gold Business Description

Other Exchanges STPGF:USA2J9:Germany
Address Peace Avenue 17, 7th floor, Blue Sky Tower, Sukhbaatar District 1, Ulaanbaatar, MNG, 14241
Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.
77GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$1.30
Price
C$1.08
GF Value