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Whitemud Resources (TSXV:WMK) Days Inventory : 989.08 (As of Dec. 2023)


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What is Whitemud Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Whitemud Resources's Average Total Inventories for the three months ended in Dec. 2023 was C$0.30 Mil. Whitemud Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.03 Mil. Hence, Whitemud Resources's Days Inventory for the three months ended in Dec. 2023 was 989.08.

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

TSXV:WMK' s Days Inventory Range Over the Past 10 Years
Min: 489.14   Med: 1686.02   Max: 14391.43
Current: 2322.02

During the past 13 years, Whitemud Resources's highest Days Inventory was 14391.43. The lowest was 489.14. And the median was 1686.02.

TSXV:WMK's Days Inventory is ranked worse than
97.89% of 664 companies
in the Metals & Mining industry
Industry Median: 88.535 vs TSXV:WMK: 2322.02

Whitemud Resources's Days Inventory increased from Dec. 2022 (141.73) to Dec. 2023 (989.08). It might indicate that Whitemud Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Whitemud Resources's Inventory Turnover for the three months ended in Dec. 2023 was 0.09.

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. Whitemud Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 30.35.


Whitemud Resources Days Inventory Historical Data

The historical data trend for Whitemud 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.

Whitemud Resources Days Inventory Chart

Whitemud Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,721.51 6,152.17 14,391.43 659.49 2,400.27

Whitemud 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 141.73 3,812.95 5,402.00 3,917.23 989.08

Competitive Comparison of Whitemud Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Whitemud 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.


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

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

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



Whitemud Resources Days Inventory Calculation

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

Whitemud 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
=( (0.296 + 0.309) / 2 ) / 0.046*365
=0.3025 / 0.046*365
=2,400.27

Whitemud 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
=( (0.298 + 0.309) / 2 ) / 0.028*365 / 4
=0.3035 / 0.028*365 / 4
=989.08

* 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.


Whitemud Resources  (TSXV:WMK) 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.

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

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.

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

* 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.


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.


Whitemud Resources Days Inventory Related Terms

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


Whitemud Resources (TSXV:WMK) Business Description

Traded in Other Exchanges
N/A
Address
205 - 5th Avenue SW, Suite 3900, Bow Valley Square 2, Calgary, AB, CAN, T2P 2V7
Whitemud Resources Inc operates in two segments, namely Metakaolin, which includes mining, processing, and marketing kaolin and metakaolin; and Commodities, which manages and marketing commodities. The majority of its revenue comes from the commodities segment.
Executives
Stanley Alex Owerko Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Whitemud Resources (TSXV:WMK) Headlines

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