Cobra Venture (TSXV:CBV) Inventory Turnover : 0.00 (As of May. 2024)

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What is Cobra Venture 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. Cobra Venture's Cost of Goods Sold for the three months ended in May. 2024 was C$0.21 Mil. Cobra Venture's Average Total Inventories for the quarter that ended in May. 2024 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cobra Venture's Days Inventory for the three months ended in May. 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. Cobra Venture's Inventory-to-Revenue for the quarter that ended in May. 2024 was 0.00.

Cobra Venture Inventory Turnover Historical Data

The historical data trend for Cobra Venture'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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Cobra Venture Inventory Turnover Chart

Cobra Venture Annual Data

Trend

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Inventory Turnover

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Cobra Venture Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24	May24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Cobra Venture Inventory Turnover Calculation

Cobra Venture's Inventory Turnover for the fiscal year that ended in Nov. 2022 is calculated as

	Inventory Turnover (A: Nov. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2022 )	/ (	(Total Inventories (A: Nov. 2021 )	+	Total Inventories (A: Nov. 2022 ))	/	count )
=	0.956	/ (	(0	+	0)	/	1 )
=	0.956	/	0
=	N/A

Cobra Venture's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

	Inventory Turnover (Q: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2024 )	/ (	(Total Inventories (Q: Feb. 2024 )	+	Total Inventories (Q: May. 2024 ))	/	count )
=	0.214	/ (	(0	+	0)	/	1 )
=	0.214	/	0
=	N/A

Cobra Venture (TSXV:CBV) 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.

Cobra Venture's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
	=	0	/	0.214	*	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.

Cobra Venture's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2024 )	/	Revenue (Q: May. 2024 )
	=	0	/	0.398
	=	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.

Cobra Venture Inventory Turnover Related Terms

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Cobra Venture Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cobra Venture Corp (TSXV:CBV) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website

https://www.cobraventure.com

Cobra Venture Corp is a junior oil and gas company that is focused on the exploration and development of petroleum and natural gas interests in Canada. The company's properties are the Willesden Green area, Alberta; Davey Lake area, Alberta; and Gull Lake, Saskatchewan. It derives prime revenue from oil and gas production.

Executives

Stephane Poirier	10% Security Holder
Jeremy Kyle Wombold	10% Security Holder

Cobra Venture Headlines

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