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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Days Inventory : 0.00 (As of Dec. 2023)


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What is Labrador Iron Ore Royalty Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Labrador Iron Ore Royalty's Average Total Inventories for the three months ended in Dec. 2023 was $0.0 Mil. Labrador Iron Ore Royalty's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.1 Mil. Hence, Labrador Iron Ore Royalty's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Labrador Iron Ore Royalty's Days Inventory or its related term are showing as below:

LIFZF's Days Inventory is not ranked *
in the Steel industry.
Industry Median: 85.66
* Ranked among companies with meaningful Days Inventory only.

Labrador Iron Ore Royalty's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 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. Labrador Iron Ore Royalty's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.


Labrador Iron Ore Royalty Days Inventory Historical Data

The historical data trend for Labrador Iron Ore Royalty'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.

Labrador Iron Ore Royalty Days Inventory Chart

Labrador Iron Ore Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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Labrador Iron Ore Royalty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Labrador Iron Ore Royalty's Days Inventory

For the Steel subindustry, Labrador Iron Ore Royalty'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.


Labrador Iron Ore Royalty's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's Days Inventory distribution charts can be found below:

* The bar in red indicates where Labrador Iron Ore Royalty's Days Inventory falls into.



Labrador Iron Ore Royalty Days Inventory Calculation

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

Labrador Iron Ore Royalty'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 ) / 34.085*365
=0 / 34.085*365
=0.00

Labrador Iron Ore Royalty's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 9.143*365 / 4
=0 / 9.143*365 / 4
=0.00

* 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.


Labrador Iron Ore Royalty  (OTCPK:LIFZF) 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.

Labrador Iron Ore Royalty's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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 Ore Royalty's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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

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.


Labrador Iron Ore Royalty Days Inventory Related Terms

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


Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

Traded in Other Exchanges
Address
235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

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