First Atlantic Nickel (TSXV:FAN) Inventory Turnover : 0.00 (As of Oct. 2023)

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What is First Atlantic Nickel 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. First Atlantic Nickel's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.01 Mil. First Atlantic Nickel's Average Total Inventories for the quarter that ended in Oct. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Atlantic Nickel's Days Inventory for the three months ended in Oct. 2023 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.

First Atlantic Nickel Inventory Turnover Historical Data

The historical data trend for First Atlantic Nickel'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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First Atlantic Nickel Inventory Turnover Chart

First Atlantic Nickel Annual Data

Trend

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Jan23

Inventory Turnover

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First Atlantic Nickel Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

First Atlantic Nickel Inventory Turnover Calculation

First Atlantic Nickel's Inventory Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Inventory Turnover (A: Jan. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2023 )	/ (	(Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )
=	0.019	/ (	(0	+	0)	/	1 )
=	0.019	/	0
=	N/A

First Atlantic Nickel's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	0.005	/ (	(0	+	0)	/	1 )
=	0.005	/	0
=	N/A

First Atlantic Nickel (TSXV:FAN) 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.

First Atlantic Nickel's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	0	/	0.005	*	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.

First Atlantic Nickel's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	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.

First Atlantic Nickel Inventory Turnover Related Terms

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First Atlantic Nickel (TSXV:FAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Atlantic Nickel Corp (TSXV:FAN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

ACPRF:USA P210:Germany

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.arcpacific.ca

Avante Mining Corp, formerly ArcPacific Resources Corp is a Canadian-based exploration company expanding its exploration initiative on multiple projects which include past-producing gold and silver-gold-copper mines in the Timmins gold camp, in Ontario, and in the Nicola mining division in Southern British Columbia. The company is focused on creating shareholder value through new discoveries and strategic development of its mineral properties. ArcPacific owns a stake in the LMSL Copper Gold & Silver Project in British Columbia, Canada, which is known for its copper and gold deposits. The company also has exploratory properties in Canada, including the Blackdome gold project, which has revealed continuous gold mineralization.

Executives

Adrian Allister Smith

Director, Senior Officer