Nevada Lithium Resources (XCNQ:NVLH) Days Inventory : 0.00 (As of Jan. 2024)

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What is Nevada Lithium Resources Days Inventory?

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

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

XCNQ:NVLH's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.19
* Ranked among companies with meaningful Days Inventory only.

Nevada Lithium Resources's Days Inventory stayed the same from Jan. 2023 (0.00) to Jan. 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.

Nevada Lithium Resources Days Inventory Historical Data

The historical data trend for Nevada Lithium 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.

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Nevada Lithium Resources Days Inventory Chart

Nevada Lithium Resources Annual Data

Trend

Apr21

Apr22

Apr23

Days Inventory

Nevada Lithium Resources Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Nevada Lithium Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Nevada Lithium 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.

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

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

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

Nevada Lithium Resources Days Inventory Calculation

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

Nevada Lithium Resources's Days Inventory for the fiscal year that ended in Apr. 2023 is calculated as

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

Nevada Lithium Resources's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Nevada Lithium Resources (XCNQ:NVLH) 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.

Nevada Lithium Resources's Inventory Turnover for the three months ended in Jan. 2024 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.

Nevada Lithium Resources's Inventory to Revenue for the three months ended in Jan. 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.

Nevada Lithium Resources Days Inventory Related Terms

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

Nevada Lithium Resources (XCNQ:NVLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Lithium Resources Inc (XCNQ:NVLH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NVLHF:USA 87K:Germany

Address

1055 West Georgia Street, Suite 1500, Royal Centre, Po Box 11117, Vancouver, BC, CAN, V6E 4N7

Website

https://www.nvlithium.com

Nevada Lithium Resources Inc is in the business of the exploration and evaluation of mineral properties. Its project involves the Bonnie Claire Project is located within a flat-bottomed salt basin that is surrounded by a complete pattern of mountain ranges.

Executives

Marcel Boekhoorn

10% Security Holder

Nevada Lithium Resources (XCNQ:NVLH) Headlines

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