VITFF (Victoria Gold) Inventory Turnover: 0.33 (As of Mar. 2024)

What is Victoria Gold Inventory Turnover?

Victoria Gold VITFF 12 Inventory Turnover is 0.33 as of Mar. 2024. GuruFocus rates VITFF with a GF Score™ of 12/100.

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. Victoria Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was $54.7 Mil. Victoria Gold's Average Total Inventories for the quarter that ended in Mar. 2024 was $164.4 Mil. Victoria Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Victoria Gold's Days Inventory for the three months ended in Mar. 2024 was 274.36.

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. Victoria Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.68.

Victoria Gold (OTCPK:VITFF) 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.

Victoria 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
	=	164.387	/	54.673	*	365 / 4
	=	274.36

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.

Victoria 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 )
	=	164.387	/	61.305
	=	2.68

* 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.

Victoria Gold Inventory Turnover Related Terms

Victoria Gold Inventory Turnover Historical Data

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The historical data trend for Victoria Gold's Inventory Turnover can be seen below:

Victoria Gold Inventory Turnover Chart

Victoria Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.00

1.18

1.83

1.31

1.58

Victoria Gold Quarterly Data
	May19	Aug19	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															0.35	0.42	0.38	0.37	0.33

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Victoria Gold Inventory Turnover Calculation

Victoria 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 )
=	250.927	/ (	(155.843	+	162.449)	/	2 )
=	250.927	/	159.146
=	1.58

Victoria 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 )
=	54.673	/ (	(162.449	+	166.325)	/	2 )
=	54.673	/	164.387
=	0.33

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.33 mean?

Victoria Gold (VITFF) has a Inventory Turnover of 0.33 as of Mar. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Victoria Gold and its competitors.

Is Victoria Gold's Inventory Turnover too high?

Victoria Gold's current Inventory Turnover is 0.33. Overall, Victoria Gold has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Victoria Gold's Inventory Turnover compare to NEM?

Victoria Gold's Inventory Turnover of 0.33 can be compared against companies in the Metals & Mining 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 a Metals & Mining company?

A good Inventory Turnover depends on the Metals & Mining 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 Victoria Gold and its competitors. Victoria Gold's current Inventory Turnover is 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Victoria Gold stock overvalued right now?

Victoria Gold (VITFF) has a current Inventory Turnover of 0.33. The current Inventory Turnover is 0.33. Victoria Gold's overall GF Score™ is 12/100. 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 Victoria Gold (VITFF), the current Inventory Turnover is 0.33 as of Mar. 2024. 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.

Victoria Gold Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSXV:GUS TSXV:RVG TSX:NVO XCNQ:USGD TSXV:KRI TSXV:ECR XCNQ:YMC TSXV:BRW TSXV:GLB TSXV:RYR SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 JSE:GFI MIC:PLZL ASX:NST

Address 80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website https://www.vgcx.com

Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Mine Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse.

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