Centenario Gold (TSXV:CTG) Inventory Turnover : 0.00 (As of Sep. 2024)

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What is Centenario 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. Centenario Gold's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.00 Mil. Centenario 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.

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.

Centenario Gold Inventory Turnover Historical Data

The historical data trend for Centenario 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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Centenario Gold Inventory Turnover Chart

Centenario Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Centenario Gold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial										-	-	-	-	-

Centenario Gold Inventory Turnover Calculation

Centenario 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 )
=	0.009	/ (	(0	+	0)	/	1 )
=	0.009	/	0
=	N/A

Centenario 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	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Centenario Gold (TSXV:CTG) 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.

Centenario 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	*	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.

Centenario 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.

Centenario Gold Inventory Turnover Related Terms

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Centenario Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centenario Gold Corp (TSXV:CTG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.centenariogold.com

Centenario Gold Corp is engaged in acquiring, exploring, and developing interests in mineral projects in Mexico. The company's project include The EDEN Project. The EDEN Project forms part of the historical Guadalupe los Reyes Mining District near Cosala, in southeast Sinaloa State, Mexico, The Property sits just north of Prime Mining Corp's Los Reyes gold-silver project and includes 2 adjoining mineral claims called El Eden and El Eden 1 which total 2,489 hectares.