Majestic Gold (TSXV:MJS) Inventory Turnover: 1.78 (As of Mar. 2026)

What is Majestic Gold Inventory Turnover?

Majestic Gold TSXV:MJS Inventory Turnover is 1.78 as of Mar. 2026. The stock has 5 warning signs investors should review.

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. Majestic Gold's Cost of Goods Sold for the three months ended in Mar. 2026 was C$10.5 Mil. Majestic Gold's Average Total Inventories for the quarter that ended in Mar. 2026 was C$5.9 Mil. Majestic Gold's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Majestic Gold's Days Inventory for the three months ended in Mar. 2026 was 51.18.

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. Majestic Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.18.

Majestic Gold (TSXV:MJS) 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.

Majestic Gold's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	5.8875	/	10.497	*	365 / 4
	=	51.18

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.

Majestic Gold's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	5.8875	/	32.313
	=	0.18

* 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.

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.

Majestic Gold Inventory Turnover Related Terms

Majestic Gold Inventory Turnover Historical Data

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The historical data trend for Majestic Gold's Inventory Turnover can be seen below:

Majestic Gold Inventory Turnover Chart

Majestic Gold Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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4.43

10.56

9.82

12.78

12.01

Majestic Gold Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															2.92	3.17	2.66	2.58	1.78

Majestic Gold Inventory Turnover Calculation

Majestic Gold's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	57.505	/ (	(3.576	+	6.002)	/	2 )
=	57.505	/	4.789
=	12.01

Majestic Gold's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	10.497	/ (	(6.002	+	5.773)	/	2 )
=	10.497	/	5.8875
=	1.78

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.78 mean?

Majestic Gold (TSXV:MJS) has a Inventory Turnover of 1.78 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Majestic Gold and its competitors.

Is Majestic Gold's Inventory Turnover too high?

Majestic Gold's current Inventory Turnover is 1.78.

How does Majestic Gold's Inventory Turnover compare to NEM and AU?

Majestic Gold's Inventory Turnover of 1.78 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Metals & Mining company?

A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Majestic Gold and its competitors. Majestic Gold's current Inventory Turnover is 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Majestic Gold stock overvalued right now?

Based on GuruFocus' analysis, Majestic Gold (TSXV:MJS) is currently considered Modestly Undervalued. The stock's GF Value™ is C$0.13, compared to a current price of C$0.10 — trading 23.1% below its estimated fair value. The current Inventory Turnover is 1.78. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Majestic Gold (TSXV:MJS), the current Inventory Turnover is 1.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Majestic Gold Business Description

Industry Basic Materials Metals & Mining

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Other Exchanges MJGCF:USA MJT:Germany

Address 306 - 1688 152nd Street, Surrey, BC, CAN, V4A 4N2

Website https://www.majesticgold.com

Majestic Gold Corp is a gold mining company with mining operations in China, as well as exploration and evaluation properties held directly in China and Canada. Its key mineral property interests and mining operations are located in China, comprising the Songjiagou Gold Project, its flagship project, and the Mujin Gold Project. Additionally, it holds interests in the Sunset-Sunrise Mineral Property in Canada. Majestic Gold generates the majority of its revenue through the sales of gold bullion, and to a lesser extent, from the sales of sulfur.