Labrador Iron Mines Holdings (Labrador Iron Mines Holdings) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Labrador Iron Mines Holdings 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. Labrador Iron Mines Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil. Labrador Iron Mines Holdings'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.

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.

Labrador Iron Mines Holdings Inventory Turnover Historical Data

The historical data trend for Labrador Iron Mines Holdings'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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Labrador Iron Mines Holdings Inventory Turnover Chart

Labrador Iron Mines Holdings Annual Data

Trend

Mar13

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Mar23

Inventory Turnover

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Labrador Iron Mines Holdings 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															-	-	-	-	-

Labrador Iron Mines Holdings Inventory Turnover Calculation

Labrador Iron Mines Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0.035	/ (	(0	+	0)	/	1 )
=	0.035	/	0
=	N/A

Labrador Iron Mines Holdings'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	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Labrador Iron Mines Holdings (OTCPK:LBRMF) 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.

Labrador Iron Mines Holdings'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	*	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.

Labrador Iron Mines Holdings'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
	=

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.

Labrador Iron Mines Holdings Inventory Turnover Related Terms

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Labrador Iron Mines Holdings (Labrador Iron Mines Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Labrador Iron Mines Holdings Ltd (OTCPK:LBRMF) » Definitions » Inventory Turnover

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Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

http://www.labradorironmines.ca

Labrador Iron Mines Holdings Ltd is a mineral resource company. The company through its subsidiaries is engaged in the business of mining iron ore and the exploration and development of direct shipping iron ore. Its projects include James, Redmond, Knob Lake, Houston and Malcolm, Sawyer Lake, Astray Lake and Kivivic Number 1 and 2.