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Critical Elements Lithium (TSXV:CRE) Days Inventory : 0.00 (As of Nov. 2023)


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What is Critical Elements Lithium Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Critical Elements Lithium's Average Total Inventories for the three months ended in Nov. 2023 was C$0.00 Mil. Critical Elements Lithium's Cost of Goods Sold for the three months ended in Nov. 2023 was C$0.03 Mil. Hence, Critical Elements Lithium's Days Inventory for the three months ended in Nov. 2023 was 0.00.

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

TSXV:CRE's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 87.34
* Ranked among companies with meaningful Days Inventory only.

Critical Elements Lithium's Days Inventory stayed the same from Nov. 2022 (0.00) to Nov. 2023 (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.


Critical Elements Lithium Days Inventory Historical Data

The historical data trend for Critical Elements Lithium'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.

Critical Elements Lithium Days Inventory Chart

Critical Elements Lithium Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Days Inventory
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Critical Elements Lithium Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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Competitive Comparison of Critical Elements Lithium's Days Inventory

For the Other Industrial Metals & Mining subindustry, Critical Elements Lithium'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.


Critical Elements Lithium's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Critical Elements Lithium's Days Inventory falls into.



Critical Elements Lithium Days Inventory Calculation

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

Critical Elements Lithium's Days Inventory for the fiscal year that ended in Aug. 2023 is calculated as

Days Inventory (A: Aug. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Aug. 2022 ) + Total Inventories (A: Aug. 2023 )) / count ) / Cost of Goods Sold (A: Aug. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.061*365
=0 / 0.061*365
=0.00

Critical Elements Lithium's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

Days Inventory (Q: Nov. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Aug. 2023 ) + Total Inventories (Q: Nov. 2023 )) / count ) / Cost of Goods Sold (Q: Nov. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.03*365 / 4
=0 / 0.03*365 / 4
=0.00

* 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.


Critical Elements Lithium  (TSXV:CRE) 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.

Critical Elements Lithium's Inventory Turnover for the three months ended in Nov. 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.

Critical Elements Lithium's Inventory to Revenue for the three months ended in Nov. 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.


Critical Elements Lithium Days Inventory Related Terms

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


Critical Elements Lithium (TSXV:CRE) Business Description

Traded in Other Exchanges
Address
80, De La Seigneurie Ouest West Boulevard, Bureau 201, Blainville, Montreal, QC, CAN, H2Z 1S8
Critical Elements Lithium Corp is involved in the acquisition, exploration, and development of mining properties. It focuses on an exploration of rare earth metals, particularly lithium and Tantalum. The company's properties include Rose Lithium -Tantalum, Nisk, Arques, Bourier, Caumont, and Dumulon among others.

Critical Elements Lithium (TSXV:CRE) Headlines

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