Okmin Resources (Okmin Resources) Change In Inventory : $0.00 Mil (TTM As of Dec. 2023)

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What is Okmin Resources Change In Inventory?

Okmin Resources's change in inventory for the quarter that ended in Dec. 2023 was $0.00 Mil. It means Okmin Resources's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Okmin Resources's change in inventory for the fiscal year that ended in Jun. 2023 was $0.00 Mil. It means Okmin Resources's inventory stayed the same from Jun. 2022 to Jun. 2023 .

Okmin Resources's Total Inventories for the quarter that ended in Dec. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Okmin Resources's Days Inventory for the quarter that ended in Dec. 2023 was 0.00.

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. Okmin Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Okmin Resources Change In Inventory Historical Data

The historical data trend for Okmin Resources's Change In Inventory 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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Okmin Resources Change In Inventory Chart

Okmin Resources Annual Data

Trend

Jun21

Jun22

Jun23

Change In Inventory

Okmin Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial							-	-	-	-	-

Okmin Resources Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Okmin Resources (OTCPK:OKMN) Change In Inventory Explanation

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

Okmin Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0	/	0.024	*	365 / 4
	=	0.00

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.024	/	0
	=	N/A

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.023
	=	0.00

Okmin Resources Change In Inventory Related Terms

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Okmin Resources (Okmin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okmin Resources Inc (OTCPK:OKMN) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436

Website

https://www.okminresources.com

Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise Vitt Project Kansas; West Sheppard Pool Field in North East Oklahoma; and Pushmataha in South East Oklahoma.

Executives

Roy Mansano	10 percent owner	5343 OSTROM AVE., ENCINO CA 91316
Thomas Lapinski	director	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436
Jonathan Herzog	director, 10 percent owner, officer: President and CEO	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436

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