Greenridge Exploration (XCNQ:GXP) Inventory Turnover : 0.00 (As of Aug. 2023)

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What is Greenridge Exploration 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. Greenridge Exploration's Cost of Goods Sold for the six months ended in Aug. 2023 was C$0.00 Mil. Greenridge Exploration's Average Total Inventories for the quarter that ended in Aug. 2023 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.

Greenridge Exploration Inventory Turnover Historical Data

The historical data trend for Greenridge Exploration'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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Greenridge Exploration Inventory Turnover Chart

Greenridge Exploration Annual Data

Trend

Aug23

Inventory Turnover

Greenridge Exploration Semi-Annual Data
	Aug23
Inventory Turnover	-

Greenridge Exploration Inventory Turnover Calculation

Greenridge Exploration's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

Greenridge Exploration's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: . 20 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

Greenridge Exploration (XCNQ:GXP) 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.

Greenridge Exploration's Days Inventory for the six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 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.

Greenridge Exploration's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

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

Greenridge Exploration Inventory Turnover Related Terms

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Greenridge Exploration (XCNQ:GXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greenridge Exploration Inc (XCNQ:GXP) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HW3:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

Greenridge Exploration Inc is engaged in mineral exploration in Canada and its objective is to locate and, if warranted, develop economic mineral properties. It holds interest in Weyman Property which comprises 7 map-staked mineral claims covering nearly 2,803.89 hectares in the Kamloops and Nicola Mining Divisions and in the Thompson Nicola Regional District on the Thompson Plateau of Southern British Columbia.

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