Glen Eagle Resources (TSXV:GER) Inventory Turnover : 2.31 (As of Sep. 2023)

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What is Glen Eagle 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. Glen Eagle Resources's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.13 Mil. Glen Eagle Resources's Average Total Inventories for the quarter that ended in Sep. 2023 was C$0.06 Mil. Glen Eagle Resources's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glen Eagle Resources's Days Inventory for the three months ended in Sep. 2023 was 39.52.

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. Glen Eagle Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 55.00.

Glen Eagle Resources Inventory Turnover Historical Data

The historical data trend for Glen Eagle 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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Glen Eagle Resources Inventory Turnover Chart

Glen Eagle Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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13.00

10.91

10.41

8.05

8.98

Glen Eagle Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.06	2.30	2.55	2.29	2.31

Glen Eagle Resources Inventory Turnover Calculation

Glen Eagle Resources's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	2.093	/ (	(0.29	+	0.176)	/	2 )
=	2.093	/	0.233
=	8.98

Glen Eagle Resources's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.127	/ (	(0.102	+	0.008)	/	2 )
=	0.127	/	0.055
=	2.31

Glen Eagle Resources (TSXV:GER) 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.

Glen Eagle Resources's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.055	/	0.127	*	365 / 4
	=	39.52

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.

Glen Eagle Resources's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.055	/	0.001
	=	55.00

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.

Glen Eagle Resources Inventory Turnover Related Terms

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Glen Eagle Resources (TSXV:GER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glen Eagle Resources Inc (TSXV:GER) » Definitions » Inventory Turnover

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GERFF:USA

Address

3650 F Boulevard Matte, Brossard, QC, CAN, J4Y 2Z2

Website

https://www.gleneagleresources.ca

Glen Eagle Resources Inc is a Canada-based company engaged in the acquisition, exploration and evaluation of mining properties. The company currently operates in two segments which are the acquisition, exploration, evaluation, and development of mineral properties, recovery of gold and silver from tailings and recovery of gold from rocks. The corporation's activities are conducted in Quebec (Canada), and Honduras. Its properties include Moose Lake in Canada; Project Cobra Oro 1, and Project Cobra Oro 2 in Honduras.

Executives

Guy Chamard

Director