VAR Resources (TSXV:VAR) Days Inventory : 0.00 (As of Jul. 2022)

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What is VAR Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). VAR Resources's Average Total Inventories for the three months ended in Jul. 2022 was C$0.00 Mil. VAR Resources's Cost of Goods Sold for the three months ended in Jul. 2022 was C$0.00 Mil.

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

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

VAR Resources's Days Inventory stayed the same from Jul. 2021 (0.00) to Jul. 2022 (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.

VAR Resources Days Inventory Historical Data

The historical data trend for VAR 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.

VAR Resources Days Inventory Chart

VAR Resources Annual Data

Trend

Oct12

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Oct14

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Oct17

Oct18

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Oct21

Days Inventory

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VAR Resources Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of VAR Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, VAR 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.

VAR Resources's Days Inventory Distribution in the Metals & Mining Industry

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

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

VAR Resources Days Inventory Calculation

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

VAR Resources's Days Inventory for the fiscal year that ended in Oct. 2021 is calculated as

	Days Inventory (A: Oct. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2020 )	+	Total Inventories (A: Oct. 2021 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2021 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

VAR Resources's Days Inventory for the quarter that ended in Jul. 2022 is calculated as:

	Days Inventory (Q: Jul. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Apr. 2022 )	+	Total Inventories (Q: Jul. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

VAR Resources (TSXV:VAR) 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.

VAR Resources's Inventory Turnover for the three months ended in Jul. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	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.

VAR Resources's Inventory to Revenue for the three months ended in Jul. 2022 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.

VAR Resources Days Inventory Related Terms

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