Soma Gold (TSXV:SOMA) Change In Inventory : C$-1.16 Mil (TTM As of Mar. 2024)

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What is Soma Gold Change In Inventory?

Soma Gold's change in inventory for the quarter that ended in Mar. 2024 was C$-0.96 Mil. It means Soma Gold's inventory increased by C$0.96 Mil from Dec. 2023 to Mar. 2024 .

Soma Gold's change in inventory for the fiscal year that ended in Dec. 2023 was C$-2.06 Mil. It means Soma Gold's inventory increased by C$2.06 Mil from Dec. 2022 to Dec. 2023 .

Soma Gold's Total Inventories for the quarter that ended in Mar. 2024 was C$9.16 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Soma Gold's Days Inventory for the quarter that ended in Mar. 2024 was 52.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Soma Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.73.

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. Soma Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.45.

Soma Gold Change In Inventory Historical Data

The historical data trend for Soma 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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Soma Gold Change In Inventory Chart

Soma Gold Annual Data

Trend

Aug14

Aug15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.07

-1.38

-0.09

-1.01

-2.06

Soma 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															-1.86	0.50	-0.89	0.19	-0.96

Soma 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$-1.16 Mil.

Soma Gold (TSXV:SOMA) Change In Inventory Explanation

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

Soma 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
	=	8.672	/	15.018	*	365 / 4
	=	52.69

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15.018	/	8.672
	=	1.73

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.672	/	19.332
	=	0.45

Soma Gold Change In Inventory Related Terms

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Soma Gold (TSXV:SOMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Soma Gold Corp (TSXV:SOMA) » Definitions » Change In Inventory

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SMAGF:USA 8PR1:Germany

Address

1050 West Pender Street, Suite 970, Vancouver, BC, CAN, V6E 3S7

Website

https://www.somagoldcorp.com

Soma Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. It operates El Bagre Gold Mining Complex. The El Bagre operations consist of a gold processing plant, the La Ye and Los Mangos operating underground gold mines, and the Cordero mine development project. The Company produces dore which contains both gold and silver. The dore is further processed to produce refined metals.

Executives

Jean-francois Meilleur

Senior Officer

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