Star Royalties (TSXV:STRR) Days Inventory : 0.00 (As of Mar. 2024)

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What is Star Royalties Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Star Royalties's Average Total Inventories for the three months ended in Mar. 2024 was C$0.00 Mil. Star Royalties's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.18 Mil. Hence, Star Royalties's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

TSXV:STRR's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 87.68
* Ranked among companies with meaningful Days Inventory only.

Star Royalties'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. Star Royalties's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Star Royalties Days Inventory Historical Data

The historical data trend for Star Royalties'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.

Star Royalties Days Inventory Chart

Star Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Star Royalties Quarterly Data
	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 Star Royalties's Days Inventory

For the Other Precious Metals & Mining subindustry, Star Royalties'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.

Star Royalties's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Star Royalties's Days Inventory falls into.

Star Royalties Days Inventory Calculation

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

Star Royalties'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 )	/	0.589	*	365
=	0					/	0.589	*	365
=	0.00

Star Royalties'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 )	/	0.18	*	365 / 4
=	0					/	0.18	*	365 / 4
=	0.00

Star Royalties (TSXV:STRR) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.18	/	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.372
	=	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.

Star Royalties Days Inventory Related Terms

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

Star Royalties (TSXV:STRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Star Royalties Ltd (TSXV:STRR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

STRFF:USA

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.starroyalties.com

Star Royalties Ltd is a precious metals and carbon credit royalty and streaming company. The company has developed its carbon credit royalties in forestry and regenerative agriculture. The group offers investors exposure to precious metals and carbon credits by originating high-quality royalties and streams. The company's assets comprise Elk Gold, Copperstone, Keysbrook, Baavhai Uul, and others. The Company organizes and manages the business under Star Royalties and Green Star joint venture. Geographically, the company operates in The United States, Canada, Australia and Mongolia.

Executives