Great Atlantic Resources (TSXV:GR) Inventory Turnover : 0.00 (As of Nov. 2023)

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What is Great Atlantic 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. Great Atlantic Resources's Cost of Goods Sold for the three months ended in Nov. 2023 was C$0.07 Mil. Great Atlantic Resources's Average Total Inventories for the quarter that ended in Nov. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Great Atlantic Resources's Days Inventory for the three months ended in Nov. 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.

Great Atlantic Resources Inventory Turnover Historical Data

The historical data trend for Great Atlantic 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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Great Atlantic Resources Inventory Turnover Chart

Great Atlantic Resources Annual Data

Trend

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Inventory Turnover

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Great Atlantic Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Great Atlantic Resources Inventory Turnover Calculation

Great Atlantic Resources's Inventory Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Inventory Turnover (A: Feb. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2023 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )
=	0.25	/ (	(0	+	0)	/	1 )
=	0.25	/	0
=	N/A

Great Atlantic Resources's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	0.068	/ (	(0	+	0)	/	1 )
=	0.068	/	0
=	N/A

Great Atlantic Resources (TSXV:GR) 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.

Great Atlantic Resources's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	0	/	0.068	*	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.

Great Atlantic Resources's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

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

Great Atlantic Resources Inventory Turnover Related Terms

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Great Atlantic Resources (TSXV:GR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Atlantic Resources Corp (TSXV:GR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

PH02:Germany

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.greatatlanticresources.com

Great Atlantic Resources Corp is engaged in the acquisition, exploration, and evaluation of its mineral property interests located in Atlantic Canada. Principally, the company explores for gold, zinc, tungsten, and antimony. It is focused on the development of various project properties including Golden Promise gold, Pilley's Island, and South Quarry properties located in Newfoundland. The company's New Brunswick project properties comprise kagoot brook, keymet, Macdougall road, and Porcupine.

Executives

Christopher Ross Anderson

10% Security Holder, Director

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