Omai Gold Mines (TSXV:OMG) Days Inventory : 0.00 (As of Dec. 2023)

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What is Omai Gold Mines Days Inventory?

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

The historical rank and industry rank for Omai Gold Mines's Days Inventory or its related term are showing as below:

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

Omai Gold Mines'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.

Omai Gold Mines Days Inventory Historical Data

The historical data trend for Omai Gold Mines'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.

Omai Gold Mines Days Inventory Chart

Omai Gold Mines Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Days Inventory

Omai Gold Mines Quarterly Data
	Sep19	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 Omai Gold Mines's Days Inventory

For the Gold subindustry, Omai Gold Mines'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.

Omai Gold Mines's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Omai Gold Mines's Days Inventory falls into.

Omai Gold Mines Days Inventory Calculation

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

Omai Gold Mines'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 )	/	0.087	*	365
=	0					/	0.087	*	365
=	0.00

Omai Gold Mines'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
=	N/A

Omai Gold Mines (TSXV:OMG) 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.

Omai Gold Mines'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.

Omai Gold Mines's Inventory to Revenue for the three months ended in Dec. 2023 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.

Omai Gold Mines Days Inventory Related Terms

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

Omai Gold Mines (TSXV:OMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omai Gold Mines Corp (TSXV:OMG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

OMGGF:USA 0N2:Germany

Address

130 King Street West, Suite 3680, Toronto, ON, CAN, M5X 1B1

Website

https://www.omaigoldmines.com

Omai Gold Mines Corp is a mineral exploration company. Its Omai gold mine is located in Guyana, on the North coast of South America. The mine has two open pits: the Fennell pit and the Wenot pit. Its other project is Grenfell Property.

Executives

Derek Macpherson

Director