Enova Mining (ASX:ENV) Days Inventory : 0.00 (As of Jun. 2023)

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What is Enova Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Enova Mining's Average Total Inventories for the six months ended in Jun. 2023 was A$0.00 Mil. Enova Mining's Cost of Goods Sold for the six months ended in Jun. 2023 was A$0.00 Mil.

The historical rank and industry rank for Enova Mining's Days Inventory or its related term are showing as below:

ASX:ENV's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.19
* Ranked among companies with meaningful Days Inventory only.

Enova Mining's Days Inventory stayed the same from Jun. 2022 (0.00) to Jun. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Enova Mining's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.00.

Enova Mining Days Inventory Historical Data

The historical data trend for Enova Mining's Days Inventory 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.

Enova Mining Days Inventory Chart

Enova Mining Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Enova Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Enova Mining's Days Inventory

For the Other Industrial Metals & Mining subindustry, Enova Mining's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Enova Mining's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Enova Mining's Days Inventory distribution charts can be found below:

* The bar in red indicates where Enova Mining's Days Inventory falls into.

Enova Mining Days Inventory Calculation

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

Enova Mining's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Enova Mining's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 2
=	0					/	0	*	365 / 2
=	N/A

Enova Mining (ASX:ENV) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Enova Mining's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0
	=

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.

Enova Mining's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.002
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Enova Mining Days Inventory Related Terms

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Enova Mining (ASX:ENV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Enova Mining Ltd (ASX:ENV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 26, 360 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.enovamining.com

Enova Mining Ltd is an Australian company engaged in the exploration for rare earth elements (REE) in the Northern Territory. The company is focused on the Charley Creek project which is located in the Northern Territory, around 110 km north-west of Alice Springs, off the Tanami road. The company is organized into one operating segment, being mining and exploration operations.