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California Gold Mining (California Gold Mining) Days Inventory : 2,290.38 (As of May. 2021)


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What is California Gold Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). California Gold Mining's Average Total Inventories for the three months ended in May. 2021 was $0.50 Mil. California Gold Mining's Cost of Goods Sold for the three months ended in May. 2021 was $0.02 Mil. Hence, California Gold Mining's Days Inventory for the three months ended in May. 2021 was 2,290.38.

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

CFGMF' s Days Inventory Range Over the Past 10 Years
Min: 483.51   Med: 551.71   Max: 551.71
Current: 483.51

During the past 13 years, California Gold Mining's highest Days Inventory was 551.71. The lowest was 483.51. And the median was 551.71.

CFGMF's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 87.15 vs CFGMF: 483.51

California Gold Mining's Days Inventory increased from May. 2020 (0.00) to May. 2021 (2,290.38). It might indicate that California Gold Mining's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. California Gold Mining's Inventory Turnover for the three months ended in May. 2021 was 0.04.

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.


California Gold Mining Days Inventory Historical Data

The historical data trend for California Gold Mining'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.

California Gold Mining Days Inventory Chart

California Gold Mining Annual Data
Trend Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 550.27

California Gold Mining Quarterly Data
Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21
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 - 151.88 1,513.23 2,285.81 2,290.38

Competitive Comparison of California Gold Mining's Days Inventory

For the Gold subindustry, California Gold Mining'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.


California Gold Mining's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where California Gold Mining's Days Inventory falls into.



California Gold Mining Days Inventory Calculation

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

California Gold Mining's Days Inventory for the fiscal year that ended in Aug. 2020 is calculated as

Days Inventory (A: Aug. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Aug. 2019 ) + Total Inventories (A: Aug. 2020 )) / count ) / Cost of Goods Sold (A: Aug. 2020 )*Days in Period
=( (0 + 0.496) / 1 ) / 0.329*365
=0.496 / 0.329*365
=550.27

California Gold Mining's Days Inventory for the quarter that ended in May. 2021 is calculated as:

Days Inventory (Q: May. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Feb. 2021 ) + Total Inventories (Q: May. 2021 )) / count ) / Cost of Goods Sold (Q: May. 2021 )*Days in Period
=( (0.503 + 0.501) / 2 ) / 0.02*365 / 4
=0.502 / 0.02*365 / 4
=2,290.38

* 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.


California Gold Mining  (OTCPK:CFGMF) 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.

California Gold Mining's Inventory Turnover for the three months ended in May. 2021 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.

California Gold Mining's Inventory to Revenue for the three months ended in May. 2021 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.


California Gold Mining Days Inventory Related Terms

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


California Gold Mining (California Gold Mining) Business Description

Traded in Other Exchanges
N/A
Address
1800, 130 King Street W., Toronto, ON, CAN, M5X 1E3
California Gold Mining Inc is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company's project consists of Fremont project and Dingman project.