Yangarra Resources (TSX:YGR) Inventory Turnover : 1.92 (As of Jun. 2024)

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What is Yangarra Resources 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. Yangarra Resources's Cost of Goods Sold for the three months ended in Jun. 2024 was C$17.7 Mil. Yangarra Resources's Average Total Inventories for the quarter that ended in Jun. 2024 was C$9.2 Mil. Yangarra Resources's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yangarra Resources's Days Inventory for the three months ended in Jun. 2024 was 47.45.

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. Yangarra Resources's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.26.

Yangarra Resources Inventory Turnover Historical Data

The historical data trend for Yangarra Resources'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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Yangarra Resources Inventory Turnover Chart

Yangarra Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.65

12.01

10.75

11.75

9.35

Yangarra Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.46	2.22	2.02	2.04	1.92

Yangarra Resources Inventory Turnover Calculation

Yangarra Resources's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	82.854	/ (	(8.809	+	8.918)	/	2 )
=	82.854	/	8.8635
=	9.35

Yangarra Resources's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	17.715	/ (	(9.415	+	9.008)	/	2 )
=	17.715	/	9.2115
=	1.92

Yangarra Resources (TSX:YGR) 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.

Yangarra Resources's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	9.2115	/	17.715	*	365 / 4
	=	47.45

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.

Yangarra Resources's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	9.2115	/	35.718
	=	0.26

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.

Yangarra Resources Inventory Turnover Related Terms

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Yangarra Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yangarra Resources Ltd (TSX:YGR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

YGRAF:USA 702B:Germany

Address

715-5 Avenue S.W., Suite 1530, Calgary, AB, CAN, T2P 2X6

Website

https://www.yangarra.ca

Yangarra Resources Ltd is a junior oil and gas company that is engaged in the exploration, development, and production of natural gas and oil with operations in Western Canada. The company has its operations in Central Alberta. The Company has its main focus in the Western Canadian Sedimentary Basin, where it has an extensive infrastructure and land holdings. These areas include, O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville.

Executives

Penelope Payne	Director
Brett Daniel Booth	Senior Officer
Gordon Bowerman	Director
James Grant Evaskevich	Director, Senior Officer
Gurdeep Singh Gill	Senior Officer
James Alan Glessing	Senior Officer
Patricia Olynyk	Senior Officer
Frederick Lee Morton	Director
Lorne David Simpson	Senior Officer
Neil M. Mackenzie	Director
Robert Weir	Director
Dale Miller	Director
Randall Faminow	Senior Officer

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