Manganese X Energy (TSXV:MN) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Manganese X Energy 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. Manganese X Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil. Manganese X Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Manganese X Energy's Days Inventory for the three months ended in Dec. 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.

Manganese X Energy Inventory Turnover Historical Data

The historical data trend for Manganese X Energy'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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Manganese X Energy Inventory Turnover Chart

Manganese X Energy Annual Data

Trend

Mar14

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Mar22

Mar23

Inventory Turnover

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Manganese X Energy 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															-	-	-	-	-

Manganese X Energy Inventory Turnover Calculation

Manganese X Energy's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0.015	/ (	(0	+	0)	/	1 )
=	0.015	/	0
=	N/A

Manganese X Energy'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 )
=	0.004	/ (	(0	+	0)	/	1 )
=	0.004	/	0
=	N/A

Manganese X Energy (TSXV:MN) 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.

Manganese X Energy'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	/	0.004	*	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.

Manganese X Energy'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	/	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.

Manganese X Energy Inventory Turnover Related Terms

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Manganese X Energy (TSXV:MN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Manganese X Energy Corp (TSXV:MN) » Definitions » Inventory Turnover

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MNXXF:USA 9SC:Germany

Address

145 Rue Graveline, Saint Laurent, QC, CAN, H4T 1R3

Website

https://www.manganesexenergycorp.com

Manganese X Energy Corp is a Canada-based junior mineral exploration and development company. The company is engaged in acquiring and exploring mineral properties in North America. It is focused on supplying materials to lithium-ion batteries and other alternative energy industries. The company's project consists of Battery Hill, located in the Canadian province of New Brunswick. The company also holds various other properties such as the Peter Lake Copper-Nickel-Cobalt property, Lac Aux Bouleaux property, and others.

Executives

Robert Tjandra

Director