Copper Lake Resources (TSXV:CPL) Inventory Turnover : 0.00 (As of Jul. 2024)

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What is Copper Lake Resources 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. Copper Lake Resources's Cost of Goods Sold for the three months ended in Jul. 2024 was C$0.00 Mil. Copper Lake Resources's Average Total Inventories for the quarter that ended in Jul. 2024 was C$0.00 Mil.

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.

Copper Lake Resources Inventory Turnover Historical Data

The historical data trend for Copper Lake Resources'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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Copper Lake Resources Inventory Turnover Chart

Copper Lake Resources Annual Data

Trend

Oct14

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Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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Copper Lake Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Copper Lake Resources Inventory Turnover Calculation

Copper Lake Resources's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Copper Lake Resources's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

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

Copper Lake Resources (TSXV:CPL) 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.

Copper Lake Resources's Days Inventory for the three months ended in Jul. 2024 is calculated as:

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

Copper Lake Resources's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2024 )	/	Revenue (Q: Jul. 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.

Copper Lake Resources Inventory Turnover Related Terms

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Copper Lake Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Lake Resources Ltd (TSXV:CPL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

WTCZF:USA

Address

1 King Street West, Suite 4800 - 233, Toronto, ON, CAN, M5H 1A1

Website

https://www.copperlakeresources.com

Copper Lake Resources Ltd is an exploration company based in Canada. It is principally engaged in the business of exploration and development of mineral resource properties. It holds an interest in Norton Lake property, Marshall Lake property which is located in the north-northeast of Thunder Bay, Ontario. The company operates its business through a single segment of Mineral exploration in Canada.

Executives

David Mcdonald	Senior Officer
Terrence Macdonald	Director, Senior Officer
Donald Stephen Bubar	Director
Naomi Anne Johnson	Director
Edward Alfred Yurkowski	10% Security Holder