Helium Evolution (TSXV:HEVI) Days Inventory : 0.00 (As of Mar. 2024)

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What is Helium Evolution Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Helium Evolution's Average Total Inventories for the three months ended in Mar. 2024 was C$0.00 Mil. Helium Evolution's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.01 Mil. Hence, Helium Evolution's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

TSXV:HEVI's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 32.19
* Ranked among companies with meaningful Days Inventory only.

Helium Evolution's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (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.

Helium Evolution Days Inventory Historical Data

The historical data trend for Helium Evolution'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.

Helium Evolution Days Inventory Chart

Helium Evolution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

Helium Evolution Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial											-	-	-	-	-

Competitive Comparison of Helium Evolution's Days Inventory

For the Oil & Gas E&P subindustry, Helium Evolution'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.

Helium Evolution's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Helium Evolution's Days Inventory distribution charts can be found below:

* The bar in red indicates where Helium Evolution's Days Inventory falls into.

Helium Evolution Days Inventory Calculation

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

Helium Evolution'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 )	/	0.045	*	365
=	0					/	0.045	*	365
=	0.00

Helium Evolution's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.006	*	365 / 4
=	0					/	0.006	*	365 / 4
=	0.00

Helium Evolution (TSXV:HEVI) 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.

Helium Evolution's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.006	/	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.

Helium Evolution's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

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

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.

Helium Evolution Days Inventory Related Terms

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

Helium Evolution (TSXV:HEVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Helium Evolution Inc (TSXV:HEVI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HEEVF:USA

Address

400 - 505 - 3rd Street SW, Calgary, AB, CAN, T2P 3E6

Website

https://www.heliumevolution.ca

Helium Evolution Inc is engaged in the exploration and production of helium. The company holds helium land permits near proven discoveries of economic helium concentrations.

Executives

Patrick Mills

Senior Officer

Helium Evolution (TSXV:HEVI) Headlines

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