GoviEx Uranium (TSXV:GXU) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is GoviEx Uranium 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. GoviEx Uranium's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.02 Mil. GoviEx Uranium's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GoviEx Uranium's Days Inventory for the three months ended in Dec. 2023 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.

GoviEx Uranium Inventory Turnover Historical Data

The historical data trend for GoviEx Uranium'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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GoviEx Uranium Inventory Turnover Chart

GoviEx Uranium Annual Data

Trend

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Dec23

Inventory Turnover

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GoviEx Uranium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

GoviEx Uranium Inventory Turnover Calculation

GoviEx Uranium'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 )
=	0.085	/ (	(0	+	0)	/	1 )
=	0.085	/	0
=	N/A

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.019	/ (	(0	+	0)	/	1 )
=	0.019	/	0
=	N/A

GoviEx Uranium (TSXV:GXU) 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.

GoviEx Uranium'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	/	0.019	*	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.

GoviEx Uranium'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

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.

GoviEx Uranium Inventory Turnover Related Terms

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GoviEx Uranium (TSXV:GXU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » GoviEx Uranium Inc (TSXV:GXU) » Definitions » Inventory Turnover

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GVXXF:USA 7GU:Germany

Address

999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1

Website

http://www.goviex.com

GoviEx Uranium Inc is a Canada-based company involved in the industrial metals and mining business sector. It is focused on the evaluation and development of uranium properties located in the Republic of Niger. The asset portfolio of the company includes uranium development projects, including the Madaouela project in Niger, the Mutanga project in Zambia, and Falea in Mali. The Company has one business segment, exploring mineral properties, with its primary project in Niger.

Executives

Robert Hanson

Director

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