Sunshine Oilsands (Sunshine Oilsands) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Sunshine Oilsands 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. Sunshine Oilsands's Cost of Goods Sold for the three months ended in Mar. 2024 was $10.74 Mil. Sunshine Oilsands's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sunshine Oilsands's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Sunshine Oilsands's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Sunshine Oilsands Inventory Turnover Historical Data

The historical data trend for Sunshine Oilsands'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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Sunshine Oilsands Inventory Turnover Chart

Sunshine Oilsands Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec22

Dec23

Inventory Turnover

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Sunshine Oilsands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Sunshine Oilsands Inventory Turnover Calculation

Sunshine Oilsands's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	36.041	/ (	(0	+	0)	/	1 )
=	36.041	/	0
=	N/A

Sunshine Oilsands's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	10.739	/ (	(0	+	0)	/	1 )
=	10.739	/	0
=	N/A

Sunshine Oilsands (OTCPK:SUNYF) 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.

Sunshine Oilsands's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0	/	10.739	*	365 / 4
	=	0.00

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.

Sunshine Oilsands's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0	/	8.449
	=	0.00

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.

Sunshine Oilsands Inventory Turnover Related Terms

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Sunshine Oilsands (Sunshine Oilsands) Business Description

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02012:Hong Kong

Address

715-5th Ave SW, Suite 1910, Calgary, AB, CAN, T2P 2X6

Website

https://www.sunshineoilsands.com

Sunshine Oilsands Ltd is a Canada-based company engaged in the exploration and development of oil properties for the production of bitumen in the Athabasca oil sands region in Alberta, Canada. Its projects include West Ells, Thickwood, Legend, Muskwa, Harper, and others. It operates in a single segment of mining, production, and sales of crude oil products.