Orezone Gold (TSX:ORE) Change In Inventory : C$-46.2 Mil (TTM As of Mar. 2024)

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What is Orezone Gold Change In Inventory?

Orezone Gold's change in inventory for the quarter that ended in Mar. 2024 was C$-9.5 Mil. It means Orezone Gold's inventory increased by C$9.5 Mil from Dec. 2023 to Mar. 2024 .

Orezone Gold's change in inventory for the fiscal year that ended in Dec. 2023 was C$-38.6 Mil. It means Orezone Gold's inventory increased by C$38.6 Mil from Dec. 2022 to Dec. 2023 .

Orezone Gold's Total Inventories for the quarter that ended in Mar. 2024 was C$16.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orezone Gold's Days Inventory for the quarter that ended in Mar. 2024 was 31.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. Orezone Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.90.

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. Orezone Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.

Orezone Gold Change In Inventory Historical Data

The historical data trend for Orezone Gold's Change In Inventory 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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Orezone Gold Change In Inventory Chart

Orezone Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.12

-0.05

-0.01

-38.60

Orezone Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-1.88	-11.22	-10.59	-14.92	-9.51

Orezone Gold Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-46.2 Mil.

Orezone Gold (TSX:ORE) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Orezone Gold's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	17.6265	/	51.171	*	365 / 4
	=	31.43

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Orezone Gold's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	51.171	/	17.6265
	=	2.90

3. 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.

Orezone Gold's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17.6265	/	87.558
	=	0.20

Orezone Gold Change In Inventory Related Terms

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Orezone Gold (TSX:ORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orezone Gold Corp (TSX:ORE) » Definitions » Change In Inventory

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Traded in Other Exchanges

ORZCF:USA OEX:Germany

Address

505 Burrard Street, Suite 450, Bentall Tower 1, Vancouver, BC, CAN, V7X 1M3

Website

https://www.orezone.com

Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties. In addition to social responsibility and sustainability, Orezone has an experienced team in project construction and operations, financings, capital markets and M&A.

Executives

Ryan Goodman

Senior Officer

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