Abcourt Mines (Abcourt Mines) Days Inventory

: 0.00 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Abcourt Mines's Average Total Inventories for the three months ended in Dec. 2023 was $0.34 Mil. Abcourt Mines's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil.

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

During the past 13 years, Abcourt Mines's highest Days Inventory was 118.89. The lowest was 45.09. And the median was 56.27.

ABMBF's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 87.27
* Ranked among companies with meaningful Days Inventory only.

Abcourt Mines's Days Inventory declined from Dec. 2022 (26.65) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Abcourt Mines's Inventory Turnover for the three months ended in Dec. 2023 was 0.00.

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.

Abcourt Mines Days Inventory Historical Data

The historical data trend for Abcourt Mines'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.

Abcourt Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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45.38

56.46

53.80

49.69

122.66

Abcourt Mines 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															26.65	22.86	-	-	-

Competitive Comparison

For the Gold subindustry, Abcourt Mines'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.

Abcourt Mines Days Inventory Distribution

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

* The bar in red indicates where Abcourt Mines's Days Inventory falls into.

Abcourt Mines Days Inventory Calculation

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

Abcourt Mines's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.794	+	0.348)	/	2 )	/	3.187	*	365
=	1.071					/	3.187	*	365
=	122.66

Abcourt Mines'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
=	( (0.341	+	0.344)	/	2 )	/	0	*	365 / 4
=	0.3425					/	0	*	365 / 4
=	N/A

Abcourt Mines (OTCPK:ABMBF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0.3425
	=	0.00

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.3425	/	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.

Abcourt Mines Days Inventory Related Terms

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

Abcourt Mines (Abcourt Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abcourt Mines Inc (OTCPK:ABMBF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AML:Germany ABI:Canada

Address

475 de l’Eglise Avenue, Rouyn-Noranda, QC, CAN, J0Z 1Y1

Website

http://www.abcourt.com

Abcourt Mines Inc is a gold producer and Canadian exploration company. It is engaged in the acquisition, exploration, evaluation, and exploitation of mining properties. The company's operating segment include Mining site in production; Prospection and development and Corporate. It generates maximum revenue from the Mining site in production segment.

Abcourt Mines (Abcourt Mines) Headlines

From GuruFocus

Abcourt Announces its Results for the Fourth Quarter and the Year ended June 30, 2023

By GlobeNewswire • 11-24-2023

Abcourt files the Mineral Resource Update Technical Report for the Sleeping Giant Mine

By GlobeNewswire GlobeNewswire • 01-25-2023