Golconda Gold (TSXV:GG) Inventory Turnover : 8.97 (As of Dec. 2023)

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What is Golconda 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. Golconda Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2.77 Mil. Golconda Gold's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.31 Mil. Golconda Gold's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golconda Gold's Days Inventory for the three months ended in Dec. 2023 was 10.18.

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. Golconda Gold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Golconda Gold Inventory Turnover Historical Data

The historical data trend for Golconda 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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Golconda Gold Inventory Turnover Chart

Golconda Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.59

2.83

26.61

25.60

Golconda Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															5.98	6.27	7.28	8.94	8.97

Golconda Gold Inventory Turnover Calculation

Golconda 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 )
=	12.097	/ (	(0.603	+	0.342)	/	2 )
=	12.097	/	0.4725
=	25.60

Golconda Gold's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2.771	/ (	(0.276	+	0.342)	/	2 )
=	2.771	/	0.309
=	8.97

Golconda Gold (TSXV:GG) 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.

Golconda Gold's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.309	/	2.771	*	365 / 4
	=	10.18

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.

Golconda Gold's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.309	/	2.548
	=	0.12

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.

Golconda Gold Inventory Turnover Related Terms

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Golconda Gold (TSXV:GG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golconda Gold Ltd (TSXV:GG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GGGOF:USA Y87:Germany

Address

181 Bay Street, Suite 1800, Toronto, ON, CAN, M5J 2T9

Website

https://www.galanegold.com

Golconda Gold Ltd is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana, South Africa and New Mexico. The company's projects include Mupane in Botswana; Galaxy in South Africa; and Summit and Banner Mill in the United States of America. It has one reportable segment, being the exploration, development and operation of gold mining properties.

Executives

Ravi Sood

Director