Goldrich Mining Co (Goldrich Mining Co) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is Goldrich Mining Co 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. Goldrich Mining Co's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.00 Mil. Goldrich Mining Co's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.00 Mil.

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

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.

Goldrich Mining Co Inventory Turnover Historical Data

The historical data trend for Goldrich Mining Co'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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Goldrich Mining Co Inventory Turnover Chart

Goldrich Mining Co Annual Data

Trend

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Dec22

Inventory Turnover

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Goldrich Mining Co 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															-	-	-	-	-

Goldrich Mining Co Inventory Turnover Calculation

Goldrich Mining Co'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Goldrich Mining Co'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	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Goldrich Mining Co (OTCPK:GRMC) 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.

Goldrich Mining Co'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	/	0	*	365 / 4
	=

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.

Goldrich Mining Co'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	/	0
	=

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.

Goldrich Mining Co Inventory Turnover Related Terms

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Goldrich Mining Co (Goldrich Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldrich Mining Co (OTCPK:GRMC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

2525 East 29th Avenue, Suite 10B-160, Spokane, WA, USA, 99223-4942

Website

https://www.goldrichmining.com

Goldrich Mining Co is a gold exploration and development company, which is engaged in the acquisition and exploration of mineral properties. The group explores gold and focuses on Chandalar property covering approximately 22,858 acres located to the north of Fairbanks, Alaska. The Chandalar is located in north-central Alaska, which is considered a tier-one jurisdiction world wide and host to multiple world-class gold mines and deposits, including the Fort Knox mine, Donlin Creek deposit, and Pebble deposit. Goldrich geographically operates through the region of Alaska, U.S, and derives the majority of its revenue from the sale of gold.

Executives

Ted Riley Sharp	officer: Chief Financial Officer	714 WHISPERWOOD COURT, NAMPA ID 83686
William Orchow	director	87 P STREET, SALT LAKE CITY UT 84103
William V Schara	director	3221 S REBECCA STREET, SPOKANE WA 99223
Nicholas Gallagher	10 percent owner	5 CHURCHFIELDS, THE K CLUB, STRAFFAN, KILDARE L2 0000
David Atkinson	director, 10 percent owner	2754 NW CROSSING DRIVE, SUITE 205, BEND OR 97701
Stephen M Vincent	director	255 MAPLE HILL ROAD, HOPKINS MN 55343
Michael Grant Rasmussen	director	17412 N. MEADOVIEW LANE, NINE MILE FALLS WA 99026
Garrick Allen Mendham	director	P. O. BOX 668, KINGSFORD NSW C3 2032
Regent Pacific Group Ltd	10 percent owner	SUITE 1001, HENLEY BUILDING, 5 QUEENS'S ROAD CENTRAL, HONG KONG K3 00000
Charles G Bigelow	director	11562 DISCOVERY HEIGHTS CIRCLE, ANCHORAGE AK 99515
Kenneth S Eickerman	director
Forza Capital Management, L.l.c.	director, 10 percent owner	2754 NW CROSSING DRIVE, SUITE 205, BEND OR 97701
Rab Special Situations (master) Fund Ltd	10 percent owner	P.O. BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Rodney Alan Blakestad	officer: VP - exploration	1602 W. PLACITA SIN NIEVE, SAHUARITA AZ 85629
Robert G Pate	officer: VP Operations	8620 E PARKSIDE LANE, SPOKANE WA 99217