Abcourt Mines (TSXV:ABI) Inventory Turnover : 0.00 (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Abcourt Mines 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. Abcourt Mines's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil. Abcourt Mines's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.46 Mil. Abcourt Mines's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Abcourt Mines Inventory Turnover Historical Data

The historical data trend for Abcourt Mines'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.

* Premium members only.

Abcourt Mines Inventory Turnover Chart

Abcourt Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

Get a 7-Day Free Trial

8.10

6.52

6.45

7.56

3.07

Abcourt Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.46	4.00	-5.40	-	-

Abcourt Mines Inventory Turnover Calculation

Abcourt Mines's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	4.235	/ (	(2.297	+	0.462)	/	2 )
=	4.235	/	1.3795
=	3.07

Abcourt Mines'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0	/ (	(0.462	+	0.462)	/	2 )
=	0	/	0.462
=	0.00

Abcourt Mines (TSXV:ABI) 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.

Abcourt Mines's Days Inventory for the three 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
	=	0.462	/	0	*	365 / 4
	=

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.

Abcourt Mines'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 )
	=	0.462	/	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.

Abcourt Mines Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Abcourt Mines's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Abcourt Mines (TSXV:ABI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abcourt Mines Inc (TSXV:ABI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ABMBF:USA AML:Germany

Address

475 de l’Eglise Avenue, Rouyn-Noranda, QC, CAN, J0Z 1Y1

Website

http://www.abcourt.com

Abcourt Mines Inc is a gold producer and Canadian exploration company. It is engaged in the acquisition, exploration, evaluation, and exploitation of mining properties. The company's operating segment include Mining site in production; Prospection and development and Corporate. It generates maximum revenue from the Mining site in production segment.

Executives

Normand Hinse

Director

Abcourt Mines (TSXV:ABI) Headlines

From GuruFocus

Some Thoughts On Buy-and-Hold Investing

By Rupert Hargreaves Rupert Hargreaves • 12-20-2018

Better Than Coke, Cheaper Than the S&P 500

By Hugo Roque Hugo Roque • 02-08-2019

Weekly 3-Year Low Highlights: ABI, YOKU, DAR, BPT, EFC

By Jimmy Xiao gurujx • 03-23-2015