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. Xtra-Gold Resources's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.86 Mil. Xtra-Gold Resources's Revenue for the
three
months ended in Mar. 2024 was C$0.00 Mil.
Xtra-Gold Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024
stayed the same
from Dec. 2023 (0.00) to Dec. 2023 (0.00)
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Xtra-Gold Resources's Days Inventory for the
three
months ended in Mar. 2024 was 1,743.89.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Xtra-Gold Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.05.
Xtra-Gold Resources Inventory-to-Revenue Historical Data
The historical data trend for Xtra-Gold Resources's Inventory-to-Revenue 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.
Competitive Comparison of Xtra-Gold Resources's Inventory-to-Revenue
For the Gold subindustry, Xtra-Gold Resources's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Xtra-Gold Resources's Inventory-to-Revenue Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Xtra-Gold Resources's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Xtra-Gold Resources's Inventory-to-Revenue falls into.
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.
Xtra-Gold Resources's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Xtra-Gold Resources's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
Xtra-Gold Resources Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Xtra-Gold Resources's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Xtra-Gold Resources (TSX:XTG) Business Description
Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Its mining portfolio consists of 225.87 sq km comprised of 33.65 sq km for the Kibi project, 51.67 sq km for Banso project, 55.28 sq km for Muoso project, 44.76 sq km for the Kwabeng project, and 40.51 sq km for the Pameng project, or 55,873 acres, pursuant to the leased areas set forth in mining leases.
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