Goldeneye Resources (TSXV:GOE.H) Inventory Turnover : 0.00 (As of Jan. 2022)

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What is Goldeneye Resources 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. Goldeneye Resources's Cost of Goods Sold for the three months ended in Jan. 2022 was C$0.00 Mil. Goldeneye Resources's Average Total Inventories for the quarter that ended in Jan. 2022 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.

Goldeneye Resources Inventory Turnover Historical Data

The historical data trend for Goldeneye Resources'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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Goldeneye Resources Inventory Turnover Chart

Goldeneye Resources Annual Data

Trend

Mar12

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Apr21

Inventory Turnover

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Goldeneye Resources Quarterly Data
	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Goldeneye Resources Inventory Turnover Calculation

Goldeneye Resources's Inventory Turnover for the fiscal year that ended in Apr. 2021 is calculated as

	Inventory Turnover (A: Apr. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2021 )	/ (	(Total Inventories (A: Apr. 2020 )	+	Total Inventories (A: Apr. 2021 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Goldeneye Resources's Inventory Turnover for the quarter that ended in Jan. 2022 is calculated as

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

Goldeneye Resources (TSXV:GOE.H) 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.

Goldeneye Resources's Days Inventory for the three months ended in Jan. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2022 )	/	Cost of Goods Sold (Q: Jan. 2022 )	*	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.

Goldeneye Resources's Inventory to Revenue for the quarter that ended in Jan. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2022 )	/	Revenue (Q: Jan. 2022 )
	=	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.

Goldeneye Resources Inventory Turnover Related Terms

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Goldeneye Resources (TSXV:GOE.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldeneye Resources Corp (TSXV:GOE.H) » Definitions » Inventory Turnover

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Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.goldeneyeresources.ca

Goldeneye Resources Corp is a mineral exploration company engaged in exploration of precious metal and base metal projects in North America. The company has signed definitive agreements with Unity Resources Inc to acquire interest in mineral claims known as the Roberts Arm, Grand Lake and Gander River Ultramafic Belt East (GRUBE) projects. The projects are in the province of Newfoundland. The company has also signed a definitive agreement with Windfall Geotek for the Corallen Lake property.

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