TomaGold (TSXV:LOT) Inventory Turnover : 0.00 (As of May. 2024)

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

TomaGold Inventory Turnover Historical Data

The historical data trend for TomaGold'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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TomaGold Inventory Turnover Chart

TomaGold Annual Data

Trend

Aug14

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Aug16

Aug17

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Aug19

Aug20

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Aug23

Inventory Turnover

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TomaGold Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

TomaGold Inventory Turnover Calculation

TomaGold's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	0.002	/ (	(0	+	0)	/	1 )
=	0.002	/	0
=	N/A

TomaGold's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

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

TomaGold (TSXV:LOT) 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.

TomaGold's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 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.

TomaGold's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

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

TomaGold Inventory Turnover Related Terms

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TomaGold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TomaGold Corp (TSXV:LOT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

TOGOF:USA OTM:Germany

Address

410, Rue Saint-Nicolas, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.tomagoldcorp.com

TomaGold Corp is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration, and development of gold mineral properties. The company holds an interest in Monster Lake property, Winchester property, Lac-a-l'Eau Jaune property, Sidace Lake gold property, Obalski property, Monster Lake East property, Hazeur property, Lac Cavan property, and Urban Lake project. The company operates through a single segment Exploration and evaluation of mineral resources.

Executives

Jean-sebastien Jacquetin

Director

TomaGold Headlines

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