Bayridge Resources (XCNQ:BYRG) Inventory Turnover : 0.00 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Bayridge Resources 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. Bayridge Resources's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.00 Mil. Bayridge Resources's Average Total Inventories for the quarter that ended in Sep. 2024 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Bayridge Resources Inventory Turnover Historical Data

The historical data trend for Bayridge Resources'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.

* Premium members only.

Bayridge Resources Inventory Turnover Chart

Bayridge Resources Annual Data

Trend

Dec22

Dec23

Inventory Turnover

Bayridge Resources Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	-	-

Bayridge Resources Inventory Turnover Calculation

Bayridge Resources'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	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Bayridge Resources's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

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

Bayridge Resources (XCNQ:BYRG) 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.

Bayridge Resources's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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.

Bayridge Resources's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

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

Bayridge Resources Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Bayridge Resources's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Bayridge Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bayridge Resources Corp (XCNQ:BYRG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BYRRF:USA O0K:Germany

Address

1480-885 West Georgia Street, Vancouver, BC, CAN, V6C 3E3

Website

https://www.bayridgeresources.com

Bayridge Resources Corp is currently engaged in the business of exploration of mineral properties in Canada. The Company's objective is to explore and, if warranted, develop the Property. Its property includes the Sharpe Lake Property which is in the exploration stage.

Executives

Brijender (binny) Jassal Jassal

Director