Lexington Gold (LSE:LEX) Inventory Turnover : 0.00 (As of Jun. 2023)

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What is Lexington Gold 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. Lexington Gold's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.00 Mil. Lexington Gold's Average Total Inventories for the quarter that ended in Jun. 2023 was £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.

Lexington Gold Inventory Turnover Historical Data

The historical data trend for Lexington Gold'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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Lexington Gold Inventory Turnover Chart

Lexington Gold Annual Data

Trend

Jun18

Jun19

Dec20

Dec21

Dec22

Inventory Turnover

Lexington Gold Semi-Annual Data
	Dec18	Jun19	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial				-	-	-	-	-

Lexington Gold Inventory Turnover Calculation

Lexington Gold's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

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

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Lexington Gold (LSE:LEX) 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.

Lexington Gold's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

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.

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

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

Lexington Gold Inventory Turnover Related Terms

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Lexington Gold (LSE:LEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lexington Gold Ltd (LSE:LEX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

XX40:Germany

Address

Clarendon House, 2 Church Street, Hamilton, BMU, HM 11

Website

https://www.lexingtongold.co.uk

Lexington Gold Ltd is engaged in the gold exploration and development of its four gold projects in North and South Carolina, USA. The Company comprises the following reportable segments such as Corporate and Exploration activities. The projects are situated in the Carolina Super Terrane and are host to a number of multi-million-ounce mines operated. Its projects include Jennings-Pioneer Project, Argo Project, Carolina Belle Project, And Jones Keystone & Loflin Project (JKL).

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