Gold Terra Resource (TSXV:YGT) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Gold Terra Resource 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. Gold Terra Resource's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.00 Mil. Gold Terra Resource's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.00 Mil.

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

Gold Terra Resource Inventory Turnover Historical Data

The historical data trend for Gold Terra Resource'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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Gold Terra Resource Inventory Turnover Chart

Gold Terra Resource Annual Data

Trend

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Dec23

Inventory Turnover

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Gold Terra Resource Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Gold Terra Resource Inventory Turnover Calculation

Gold Terra Resource'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 )
=	0.006	/ (	(0	+	0)	/	1 )
=	0.006	/	0
=	N/A

Gold Terra Resource'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 )
=	0.001	/ (	(0	+	0)	/	1 )
=	0.001	/	0
=	N/A

Gold Terra Resource (TSXV:YGT) 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.

Gold Terra Resource'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
	=	0	/	0.001	*	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.

Gold Terra Resource'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 )
	=	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.

Gold Terra Resource Inventory Turnover Related Terms

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Gold Terra Resource (TSXV:YGT) Business Description

Industry

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

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Traded in Other Exchanges

YGTFF:USA TX0:Germany

Address

325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.goldterracorp.com

Gold Terra Resource Corp is primarily engaged in the acquisition, exploration and development of mineral properties. Its main focus is on the Yellowknife City Gold Project. Other projects of the company include the Stewart property and the Mulligan property.

Executives

Gerald Panneton

Senior Officer

Gold Terra Resource (TSXV:YGT) Headlines

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