McChip Resources (TSXV:MCS) Days Inventory : 0.00 (As of Dec. 2023)

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What is McChip Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). McChip Resources's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. McChip Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, McChip Resources's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

TSXV:MCS's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.81
* Ranked among companies with meaningful Days Inventory only.

McChip Resources'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. McChip Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

McChip Resources Days Inventory Historical Data

The historical data trend for McChip Resources'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.

McChip Resources Days Inventory Chart

McChip Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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McChip Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of McChip Resources's Days Inventory

For the Oil & Gas E&P subindustry, McChip Resources'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.

McChip Resources's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where McChip Resources's Days Inventory falls into.

McChip Resources Days Inventory Calculation

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

McChip Resources'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 )	/	0.027	*	365
=	0					/	0.027	*	365
=	0.00

McChip Resources'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 )	/	0.007	*	365 / 4
=	0					/	0.007	*	365 / 4
=	0.00

McChip Resources (TSXV:MCS) 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.

McChip Resources's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.007	/	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.501
	=	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.

McChip Resources Days Inventory Related Terms

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

McChip Resources (TSXV:MCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McChip Resources Inc (TSXV:MCS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MCCHF:USA

Address

130 Adelaide Street West, Suite 1910, Box 18 - Richmond Adelaide Centre, Toronto, ON, CAN, M5H 3P5

Website

McChip Resources Inc is engaged in the natural resource industry. The company invests in petroleum interests in Western Canada, as well as direct and indirect interests in minerals.

Executives

Richard Duncan Mccloskey

Director, Senior Officer