Newlox Gold Ventures (XCNQ:LUX) Days Inventory : 5.13 (As of Dec. 2023)

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What is Newlox Gold Ventures Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Newlox Gold Ventures's Average Total Inventories for the three months ended in Dec. 2023 was C$0.02 Mil. Newlox Gold Ventures's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.37 Mil. Hence, Newlox Gold Ventures's Days Inventory for the three months ended in Dec. 2023 was 5.13.

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

XCNQ:LUX' s Days Inventory Range Over the Past 10 Years
Min: 4.47 Med: 44.41 Max: 568.56
Current: 4.47

During the past 12 years, Newlox Gold Ventures's highest Days Inventory was 568.56. The lowest was 4.47. And the median was 44.41.

XCNQ:LUX's Days Inventory is ranked better than
84.36% of 211 companies
in the Waste Management industry
Industry Median: 23.5 vs XCNQ:LUX: 4.47

Newlox Gold Ventures's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (5.13). It might indicate that Newlox Gold Ventures's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Newlox Gold Ventures's Inventory Turnover for the three months ended in Dec. 2023 was 17.80.

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. Newlox Gold Ventures's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

Newlox Gold Ventures Days Inventory Historical Data

The historical data trend for Newlox Gold Ventures'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.

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Newlox Gold Ventures Days Inventory Chart

Newlox Gold Ventures Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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10.80

7.24

Newlox Gold Ventures 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															-	3.40	10.44	3.90	5.13

Competitive Comparison of Newlox Gold Ventures's Days Inventory

For the Waste Management subindustry, Newlox Gold Ventures'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.

Newlox Gold Ventures's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Newlox Gold Ventures's Days Inventory distribution charts can be found below:

* The bar in red indicates where Newlox Gold Ventures's Days Inventory falls into.

Newlox Gold Ventures Days Inventory Calculation

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

Newlox Gold Ventures's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.032	+	0.032)	/	2 )	/	1.614	*	365
=	0.032					/	1.614	*	365
=	7.24

Newlox Gold Ventures'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
=	( (0.02	+	0.021)	/	2 )	/	0.365	*	365 / 4
=	0.0205					/	0.365	*	365 / 4
=	5.13

Newlox Gold Ventures (XCNQ:LUX) 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.

Newlox Gold Ventures's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.365	/	0.0205
	=	17.80

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.

Newlox Gold Ventures's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0205	/	0.526
	=	0.04

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.

Newlox Gold Ventures Days Inventory Related Terms

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

Newlox Gold Ventures (XCNQ:LUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Newlox Gold Ventures Corp (XCNQ:LUX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NWLXF:USA NGO:Germany

Address

355 Burrard Street, 10th Floor, Vancouver, BC, CAN, V6C 2G8

Website

https://www.newloxgold.com

Newlox Gold Ventures Corp is a Canada based environmental reclamation and mineral recovery company and is in the business of undertaking projects for the purpose of operating tailings remediation and fold recovery in Costa Rica.