Stakeholder Gold (TSXV:SRC) Inventory Turnover : 0.03 (As of Mar. 2024)

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What is Stakeholder Gold 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. Stakeholder Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.04 Mil. Stakeholder Gold's Average Total Inventories for the quarter that ended in Mar. 2024 was C$1.11 Mil. Stakeholder Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stakeholder Gold's Days Inventory for the three months ended in Mar. 2024 was 2,896.54.

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. Stakeholder Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 6.57.

Stakeholder Gold Inventory Turnover Historical Data

The historical data trend for Stakeholder Gold'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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Stakeholder Gold Inventory Turnover Chart

Stakeholder Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.12

0.79

0.19

Stakeholder Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.06	0.09	0.05	-0.01	0.03

Stakeholder Gold Inventory Turnover Calculation

Stakeholder Gold's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0.174	/ (	(0.748	+	1.085)	/	2 )
=	0.174	/	0.9165
=	0.19

Stakeholder Gold's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.035	/ (	(1.085	+	1.137)	/	2 )
=	0.035	/	1.111
=	0.03

Stakeholder Gold (TSXV:SRC) 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.

Stakeholder Gold's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.111	/	0.035	*	365 / 4
	=	2,896.54

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.

Stakeholder Gold's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.111	/	0.169
	=	6.57

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.

Stakeholder Gold Inventory Turnover Related Terms

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Stakeholder Gold (TSXV:SRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stakeholder Gold Corp (TSXV:SRC) » Definitions » Inventory Turnover

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SKHRF:USA SW0M:Germany

Address

607 - 130 Queens Quay East, Toronto, ON, CAN, M5A 3Y5

Website

https://www.stakeholdergold.com

Stakeholder Gold Corp is a mineral exploration company. Principally, it is engaged in the identification, acquisition, and exploration of properties for the mining of precious and base metals in Canada. It is engaged in the exploration and evaluation of properties for the mining of precious and base metals and the extraction of exotic quartzite. The company's project consists of the Ballarat gold project which is located in the White Gold District of the Yukon Territory and the VMC Blue Quartzite Project located in Minas Gerais, Brazil.

Executives

Christopher James Berlet

Senior Officer