Artemis Gold (TSXV:ARTG) Inventory Turnover : 0.00 (As of Sep. 2024)

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What is Artemis 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. Artemis Gold's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.17 Mil. Artemis 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. Artemis 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.

Artemis Gold Inventory Turnover Historical Data

The historical data trend for Artemis 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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Artemis Gold Inventory Turnover Chart

Artemis Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Artemis 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															-	-	-	-	-

Artemis Gold Inventory Turnover Calculation

Artemis 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 )
=	0.679	/ (	(0	+	0)	/	1 )
=	0.679	/	0
=	N/A

Artemis 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 )
=	0.17	/ (	(0	+	0)	/	1 )
=	0.17	/	0
=	N/A

Artemis Gold (TSXV:ARTG) 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.

Artemis 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	/	0.17	*	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.

Artemis 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.

Artemis Gold Inventory Turnover Related Terms

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Artemis Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Artemis Gold Inc (TSXV:ARTG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

ARGTF:USA

Address

595 Burrard Street, Three Bentall Centre, Suite 3083, P.O. Box 49298, Vancouver, BC, CAN, V7X 1L3

Website

https://www.artemisgoldinc.com

Artemis Gold Inc is a Canadian-based company. It is a growth-oriented gold development company. The company holds interests in the Blackwater Projects. It has one segment being the exploration and development of mineral properties.

Executives

Ryan K Beedie	Director
Dale Edwin Andres	Director
Candice Alderson	Senior Officer
Jeremy Langford	Senior Officer
Steven Dean	Director, Senior Officer
Gerhardus Van Der Westhuizen	Senior Officer
Nicholas James Campbell	Deemed Insider - 6 Months before becoming Insider

Artemis Gold Headlines

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