GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Contango Ore Inc (AMEX:CTGO) » Definitions » Inventory Turnover

Contango Ore (Contango Ore) Inventory Turnover : 0.00 (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Contango Ore 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. Contango Ore's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.16 Mil. Contango Ore's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Contango Ore's Days Inventory for the three months ended in Dec. 2023 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.

Contango Ore Inventory Turnover Historical Data

The historical data trend for Contango Ore'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.

* Premium members only.

Contango Ore Inventory Turnover Chart

Contango Ore Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Contango Ore Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Contango Ore Inventory Turnover Calculation

Contango Ore's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Inventory Turnover (A: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2023 ) / ((Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count )
=0.663 / ((0 + 0) / 1 )
=0.663 / 0
=N/A

Contango Ore's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=0.155 / ((0 + 0) / 1 )
=0.155 / 0
=N/A

* 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.

Contango Ore  (AMEX:CTGO) 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.

Contango Ore's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0/0.155*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.

Contango Ore's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0 / 0
=

* 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.

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.

Contango Ore Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Contango Ore's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Contango Ore (Contango Ore) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Contango Ore Inc (AMEX:CTGO) » Definitions » Inventory Turnover
Comparable Companies
FTCO GROY VRDR CMCL DC IDR AUGG HYMC NGLD VGZ SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL SHSE:600547 ASX:NCM JSE:GFI
Traded in Other Exchanges
F85:Germany
Address
3700 Buffalo Speedway, Suite 925, Houston, TX, USA, 77098
Website
https://www.contangoore.com
Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.
Executives
Nieuwenhuyse Rick Van director, officer: President and CEO C/O TRILOGY METALS, 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4
John B Juneau director, officer: President and CEO 3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098
Joseph S Compofelice director 24 WATERWAY AVENUE, STE 200, THE WOODLANDS TX 77380
Richard Shortz director 3700 BUFFALO SPEEDWAY, SUITE 925, HOUSTON TX 77098
Michael Aaron Clark officer: Executive VP-Finance 6202 OVERSTONE DR, WEST VANCOUVER Z4 V7W1X5
Leah S Gaines officer: Chief Financial Officer 3700 BUFFALO SPEEDWAY, SUITE 1010, HOUSTON TX 77098
Curtis J. Freeman director 3700 BUFFALO SPEEDWAY, STE. 925, HOUSTON TX 77098
Royal Gold Inc 10 percent owner 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Scott J. Reiman 10 percent owner, other: Member of 10% owner group 730 17TH STREET SUITE 800, DENVER CO 80202
Kenneth R. Peak Marital Trust 10 percent owner 2 LONGFELLOW LANE, HOUSTON TX 77005
Estate Of Kenneth R. Peak 10 percent owner C/O CONTANGO OIL & GAS COMPANY, 3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098
Joseph G. Greenberg director 3700 BUFFALO SPEEDWAY, STE 960, HOUSTON TX 77098
Donald Gillen 10 percent owner 21 CAPILANO DRIVE, SASKATOON A9 S7K 4A4
Hexagon, Llc 10 percent owner, other: Member of 10% owner group 730 SEVENTEENTH STREET, SUITE 800, DENVER CO 80202
Sergio Castro officer: Vice President, CFO, Treasurer 2019 MOUNTAIN CREEK, PEARLAND TX 77584