Solitario Resources (Solitario Resources) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Solitario 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. Solitario Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. Solitario Resources'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. Solitario Resources'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.

Solitario Resources Inventory Turnover Historical Data

The historical data trend for Solitario 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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Solitario Resources Inventory Turnover Chart

Solitario Resources Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Solitario Resources 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															-	-	-	-	-

Solitario Resources Inventory Turnover Calculation

Solitario Resources'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 )
=	0.025	/ (	(0	+	0)	/	1 )
=	0.025	/	0
=	N/A

Solitario Resources'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 )
=	0.007	/ (	(0	+	0)	/	1 )
=	0.007	/	0
=	N/A

Solitario Resources (AMEX:XPL) 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.

Solitario Resources'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	/	0.007	*	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.

Solitario Resources'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	/	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.

Solitario Resources Inventory Turnover Related Terms

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Solitario Resources (Solitario Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solitario Resources Corp (AMEX:XPL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SLR:Canada

Address

4251 Kipling Street, Suite 390, Wheat Ridge, CO, USA, 80033

Website

https://www.solitarioxr.com

Solitario Resources Corp is exploration company engaging in acquiring, exploring, and developing zinc properties and other precious metals in safe jurisdictions in North and South America. It has joint venture interests in large, high-grade zinc development projects. The Florida Canyon Zinc Project in Peru is a development asset held jointly with Nexa Resources S.A., Golden Crest Project in South Dakota and the Lik Zinc Project represents a large-tonnage, high-grade development project in Alaska in partnership with Teck Resources. In addition, the company has an additional portfolio of exploration properties and royalties in the Americas.

Executives

James Kb Hesketh	director	65 SOUTH JOYCE STREET, GOLDEN CO 80401
Debbie Mino Austin	director	128 APRIL BREEZE ST., MONTGOMERY CO 77356
James R Maronick	officer: CFO	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Christopher E Herald	director, officer: CEO	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Walter H Hunt	officer: Vice President Exploration	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Gil Atzmon	director	1718 FOX TREE LN, SAN ANTONIO TX 78248
John A Labate	director
Brian Labadie	director	24138 FERN CRESCENT, MAPLE RIDGE A1 V4R 2S1
Leonard Harris	director	4251 KIPLING ST STE 390, WHEAT RIDGE CO 80033
Jones Mark E Iii	director	16360 PARK TEN PLACE, SUITE 217, HOUSTON TX 77084
John Hainey	director	216 TOYNBEE TRAIL, SCARBOROUGH A6 M1E 1G9
Steven A Webster	director	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
Daniel B Leonard	director	4510 SILVER CLIFF COURT, CASTLE ROCK CO 80108
Crown Resources Corp	10 percent owner	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033