Canadian Spirit Resources (TSXV:SPI) Inventory Turnover: 0.00 (As of Mar. 2026)

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What is Canadian Spirit Resources Inventory Turnover?

Canadian Spirit Resources TSXV:SPI Inventory Turnover is 0.00 as of Mar. 2026. The stock has 3 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. Canadian Spirit Resources's Cost of Goods Sold for the three months ended in Mar. 2026 was C$0.11 Mil. Canadian Spirit Resources's Average Total Inventories for the quarter that ended in Mar. 2026 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canadian Spirit Resources's Days Inventory for the three months ended in Mar. 2026 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. Canadian Spirit Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.00.

Canadian Spirit Resources (TSXV:SPI) 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.

Canadian Spirit Resources'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
	=	0	/	0.105	*	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.

Canadian Spirit Resources'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 )
	=	0	/	0.094
	=	0.00

* 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.

Canadian Spirit Resources Inventory Turnover Related Terms

Canadian Spirit Resources Inventory Turnover Historical Data

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The historical data trend for Canadian Spirit Resources's Inventory Turnover can be seen below:

Canadian Spirit Resources Inventory Turnover Chart

Canadian Spirit Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun24

Jun25

Inventory Turnover

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0.00

Canadian Spirit Resources 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															0.00	0.00	0.00	0.00	0.00

Canadian Spirit Resources Inventory Turnover Calculation

Canadian Spirit Resources's Inventory Turnover for the fiscal year that ended in Jun. 2025 is calculated as

	Inventory Turnover (A: Jun. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2025 )	/ (	(Total Inventories (A: Jun. 2024 )	+	Total Inventories (A: Jun. 2025 ))	/	count )
=	0.295	/ (	(0	+	0)	/	1 )
=	0.295	/	0
=	N/A

Canadian Spirit Resources'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 )
=	0.105	/ (	(0	+	0)	/	1 )
=	0.105	/	0
=	N/A

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.00 mean?

Canadian Spirit Resources (TSXV:SPI) has a Inventory Turnover of 0.00 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Canadian Spirit Resources and its competitors.

Is Canadian Spirit Resources' Inventory Turnover too high?

Canadian Spirit Resources' current Inventory Turnover is 0.00.

How does Canadian Spirit Resources' Inventory Turnover compare to COP and EOG?

Canadian Spirit Resources' Inventory Turnover of 0.00 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?

A good Inventory Turnover depends on the Oil & Gas 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 Canadian Spirit Resources and its competitors. Canadian Spirit Resources's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Canadian Spirit Resources stock overvalued right now?

Canadian Spirit Resources (TSXV:SPI) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. 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 Canadian Spirit Resources (TSXV:SPI), the current Inventory Turnover is 0.00 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.

Canadian Spirit Resources Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:MCM.A TSXV:OVL.H TSXV:TUK TSXV:WCE TSXV:MCS TSXV:WCSB TSXV:FHR XCNQ:VIK TSXV:PMX TSXV:SABA HKSE:00883 COP TSX:CNQ EOG FANG OXY DVN MIC:NVTK ASX:WDS EQT

Other Exchanges CSPUF:USA

Address 140 - 4th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 3N3

Website https://www.csri.ca

Canadian Spirit Resources Inc is a natural resources company focusing on the identification and development of opportunities in the unconventional natural gas sector of the energy industry. It is focused on the exploration and production of natural gas in the Montney Formation of northeast British Columbia.