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CanXGold Mining (TSXV:CXG) Days Inventory : 0.00 (As of May. 2023)


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What is CanXGold Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CanXGold Mining's Average Total Inventories for the three months ended in May. 2023 was C$0.00 Mil. CanXGold Mining's Cost of Goods Sold for the three months ended in May. 2023 was C$0.10 Mil. Hence, CanXGold Mining's Days Inventory for the three months ended in May. 2023 was 0.00.

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

TSXV:CXG's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.535
* Ranked among companies with meaningful Days Inventory only.

CanXGold Mining's Days Inventory stayed the same from May. 2022 (0.00) to May. 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.


CanXGold Mining Days Inventory Historical Data

The historical data trend for CanXGold 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.

CanXGold Mining Days Inventory Chart

CanXGold Mining Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Days Inventory
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CanXGold Mining Quarterly Data
Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23
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Competitive Comparison of CanXGold Mining's Days Inventory

For the Other Industrial Metals & Mining subindustry, CanXGold 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.


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

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

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



CanXGold Mining Days Inventory Calculation

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

CanXGold Mining's Days Inventory for the fiscal year that ended in Nov. 2022 is calculated as

Days Inventory (A: Nov. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Nov. 2021 ) + Total Inventories (A: Nov. 2022 )) / count ) / Cost of Goods Sold (A: Nov. 2022 )*Days in Period
=( (0 + 0) / 1 ) / 0.405*365
=0 / 0.405*365
=0.00

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

Days Inventory (Q: May. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Feb. 2023 ) + Total Inventories (Q: May. 2023 )) / count ) / Cost of Goods Sold (Q: May. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.101*365 / 4
=0 / 0.101*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.


CanXGold Mining  (TSXV:CXG) 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.

CanXGold Mining's Inventory Turnover for the three months ended in May. 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.

CanXGold Mining's Inventory to Revenue for the three months ended in May. 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.


CanXGold Mining Days Inventory Related Terms

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


CanXGold Mining (TSXV:CXG) Business Description

Traded in Other Exchanges
N/A
Address
888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4
CanXGold Mining Corp is a Canada-based mineral exploration company. The principal activity of the company is the acquisition and exploration of mineral resource properties in Canada. All the company's mineral properties are in the exploration stages.
Executives
Stefan Bender Director

CanXGold Mining (TSXV:CXG) Headlines

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