Miata Metals (XCNQ:MMET) Inventory Turnover : 0.00 (As of Dec. 2024)

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What is Miata 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. Miata Metals's Cost of Goods Sold for the three months ended in Dec. 2024 was C$0.00 Mil. Miata 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.

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.

Miata Metals Inventory Turnover Historical Data

The historical data trend for Miata 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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Miata Metals Inventory Turnover Chart

Miata Metals Annual Data

Trend

Mar22

Inventory Turnover

Miata Metals Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial					-	-	-	-	-

Miata Metals Inventory Turnover Calculation

Miata Metals's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

Miata 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	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Miata Metals (XCNQ:MMET) 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.

Miata 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	*	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.

Miata 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.

Miata Metals Inventory Turnover Related Terms

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Miata Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Miata Metals Corp (XCNQ:MMET) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

8NQ:Germany

Address

2133-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://miatametalscorp.com

Miata Metals Corp engages in the identification, evaluation, acquisition, and exploration of mineral properties in Canada. It holds an interest in the Cabin Lake property. Currently working on two projects Sela Creek Gold and Nassau. The Sela Creek gold project in Suriname has been mined for alluvial gold and is currently mined for gold in weathered bedrock, called saprolite. Local miners started small-scale mining at Sela Creek in the period from 1920-1930, one of the earliest gold occurrences found in the Tapanahony river area. The Nassau Project is located ~125 km SE of Paramaribo and~100 km north of the Sela Project and is accessible via logging road. The Project is situated less than 10 km South of Newmont's Merian mine and along regional strike of Zijin's Rosebel mine.

Executives

Leonidas Karabelas

10% Security Holder

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