Golden Lake Exploration (XCNQ:GLM) Inventory Turnover : 0.00 (As of Nov. 2024)

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What is Golden Lake Exploration 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. Golden Lake Exploration's Cost of Goods Sold for the three months ended in Nov. 2024 was C$0.00 Mil. Golden Lake Exploration's Average Total Inventories for the quarter that ended in Nov. 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.

Golden Lake Exploration Inventory Turnover Historical Data

The historical data trend for Golden Lake Exploration'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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Golden Lake Exploration Inventory Turnover Chart

Golden Lake Exploration Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Inventory Turnover

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Golden Lake Exploration Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Golden Lake Exploration Inventory Turnover Calculation

Golden Lake Exploration's Inventory Turnover for the fiscal year that ended in Nov. 2024 is calculated as

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

Golden Lake Exploration's Inventory Turnover for the quarter that ended in Nov. 2024 is calculated as

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

Golden Lake Exploration (XCNQ:GLM) 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.

Golden Lake Exploration's Days Inventory for the three months ended in Nov. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2024 )	/	Cost of Goods Sold (Q: Nov. 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.

Golden Lake Exploration's Inventory to Revenue for the quarter that ended in Nov. 2024 is calculated as

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

Golden Lake Exploration Inventory Turnover Related Terms

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Golden Lake Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Lake Exploration Inc (XCNQ:GLM) » Definitions » Inventory Turnover

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GOLXF:USA

Address

789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2

Website

https://www.goldenlakex.com

Golden Lake Exploration Inc is a Canada-based company engaged in the acquisition and exploration of mineral property assets. It holds interests in the projects of Jewel Ridge Project, Copperview Project, Conglin Creek Copper Project, Full Monty Property, Deadman Lake, and South Dill Project.

Executives

Michael Bruno John Franz England	Director, Senior Officer
Twila Jensen	Director
Giulio Bonifacio	Director
George Peter Mah	Director
Ryan Kalt	10% Security Holder

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