Ucore Rare Metals (TSXV:UCU) Inventory Turnover : 0.00 (As of Dec. 2024)

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What is Ucore Rare Metals 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. Ucore Rare Metals's Cost of Goods Sold for the three months ended in Dec. 2024 was C$0.24 Mil. Ucore Rare Metals's Average Total Inventories for the quarter that ended in Dec. 2024 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ucore Rare Metals's Days Inventory for the three months ended in Dec. 2024 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.

Ucore Rare Metals Inventory Turnover Historical Data

The historical data trend for Ucore Rare Metals'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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Ucore Rare Metals Inventory Turnover Chart

Ucore Rare Metals Annual Data

Trend

Dec15

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Dec24

Inventory Turnover

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Ucore Rare Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Ucore Rare Metals Inventory Turnover Calculation

Ucore Rare Metals's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	0.942	/ (	(0	+	0)	/	1 )
=	0.942	/	0
=	N/A

Ucore Rare Metals's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	0.238	/ (	(0	+	0)	/	1 )
=	0.238	/	0
=	N/A

Ucore Rare Metals (TSXV:UCU) 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.

Ucore Rare Metals's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0	/	0.238	*	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.

Ucore Rare Metals's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

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

Ucore Rare Metals Inventory Turnover Related Terms

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Ucore Rare Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ucore Rare Metals Inc (TSXV:UCU) » Definitions » Inventory Turnover

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Traded in Other Exchanges

UURAF:USA U9UA:Germany

Address

210 Waterfront Drive, Suite 106, Halifax, NS, CAN, B4A 0H3

Website

https://www.ucore.com

Ucore Rare Metals Inc is engaged in REE resource development and in commercializing, Innovation Metals Corp.'s (its wholly-owned subsidiary) critical metals separation technology, RapidSX, for the mining/metals extraction industry guided by the principles of ESG. The company provides separation and mining services. The firm is also developing its Bokan Mountain HREE resource located near Ketchikan.

Executives

Peter Manuel	Senior Officer
Tyler Wayne Paul Dinwoodie	Senior Officer
Randy T. Johnson	10% Security Holder
Llc Orca Holdings	10% Security Holder
Steven Harold Meister	Director

Ucore Rare Metals Headlines

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