Zodiac Gold (TSXV:ZAU) Total Inventories : C$0.00 Mil (As of Dec. 2023)

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What is Zodiac Gold Total Inventories?

Zodiac Gold's total inventories for the quarter that ended in Dec. 2023 was C$0.00 Mil. Zodiac Gold's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was C$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zodiac Gold's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.03.

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

Inventory Turnover measures how fast the company turns over its inventory within a year.

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.

Zodiac Gold Total Inventories Historical Data

The historical data trend for Zodiac Gold's Total Inventories 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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Zodiac Gold Total Inventories Chart

Zodiac Gold Annual Data

Trend

Mar22

Mar23

Total Inventories

Zodiac Gold Quarterly Data
	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial			-	-	-	-	-

Zodiac Gold Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Zodiac Gold (TSXV:ZAU) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Zodiac Gold's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.03	+	0.75 * 0.145	+	0.5 * 0	-	2.147
-	0	-	0)	/	76.787
=	-0.03

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

Zodiac Gold's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Zodiac Gold's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	0	/	0
	=	N/A

4. 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.

Zodiac Gold's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	0
	=

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Zodiac Gold Total Inventories Related Terms

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Zodiac Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zodiac Gold Inc (TSXV:ZAU) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

https://www.zodiac-gold.com

Zodiac Gold Inc is a gold exploration company focused on its prospective portfolio of gold properties in Liberia, West Africa. The company's flagship Todi gold project located along the Todi shear zone.

Executives

David Stephen Kol	10% Security Holder, Director, Senior Officer
Mark J. Kol	Director

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