Standard Lithium (TSXV:SLI) Days Inventory : 0.00 (As of Mar. 2024)

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What is Standard Lithium Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Standard Lithium's Average Total Inventories for the three months ended in Mar. 2024 was C$0.00 Mil. Standard Lithium's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.39 Mil. Hence, Standard Lithium's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

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

Standard Lithium'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.

Standard Lithium Days Inventory Historical Data

The historical data trend for Standard Lithium'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.

Standard Lithium Days Inventory Chart

Standard Lithium Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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Standard Lithium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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 Standard Lithium's Days Inventory

For the Other Industrial Metals & Mining subindustry, Standard Lithium'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.

Standard Lithium's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Standard Lithium's Days Inventory falls into.

Standard Lithium Days Inventory Calculation

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

Standard Lithium's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.598	*	365
=	0					/	0.598	*	365
=	0.00

Standard Lithium'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 )	/	0.389	*	365 / 4
=	0					/	0.389	*	365 / 4
=	0.00

Standard Lithium (TSXV:SLI) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.389	/	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.

Standard Lithium'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.

Standard Lithium Days Inventory Related Terms

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

Standard Lithium (TSXV:SLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Standard Lithium Corp (TSXV:SLI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SLI:USA S5L:Germany S5L:Germany

Address

1075 West Georgia Street, Suite 1625, Vancouver, BC, CAN, V6E 3C9

Website

https://www.standardlithium.com

Standard Lithium Corp is engaged in the exploration and development of lithium brine properties in the United States. The Company is focused on the exploration and development of the Arkansas Lithium Project is located in south-central Arkansas. Its other projects comprise of Lanxess Project, Tetra project, and Bristol Dry Lake Project.

Executives

Robert Melvin Douglas Cross

Director