E3 Lithium (TSXV:ETL) Days Inventory : 0.00 (As of Sep. 2023)

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What is E3 Lithium Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). E3 Lithium's Average Total Inventories for the three months ended in Sep. 2023 was C$0.00 Mil. E3 Lithium's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.04 Mil. Hence, E3 Lithium's Days Inventory for the three months ended in Sep. 2023 was 0.00.

The historical rank and industry rank for E3 Lithium's Days Inventory or its related term are showing as below:

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

E3 Lithium's Days Inventory stayed the same from Sep. 2022 (0.00) to Sep. 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.

E3 Lithium Days Inventory Historical Data

The historical data trend for E3 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.

E3 Lithium Days Inventory Chart

E3 Lithium Annual Data

Trend

Dec13

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Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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E3 Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of E3 Lithium's Days Inventory

For the Other Industrial Metals & Mining subindustry, E3 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.

E3 Lithium's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, E3 Lithium's Days Inventory distribution charts can be found below:

* The bar in red indicates where E3 Lithium's Days Inventory falls into.

E3 Lithium Days Inventory Calculation

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

E3 Lithium's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.175	*	365
=	0					/	0.175	*	365
=	0.00

E3 Lithium's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.044	*	365 / 4
=	0					/	0.044	*	365 / 4
=	0.00

E3 Lithium (TSXV:ETL) 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.

E3 Lithium's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.044	/	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.

E3 Lithium's Inventory to Revenue for the three months ended in Sep. 2023 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.

E3 Lithium Days Inventory Related Terms

Thank you for viewing the detailed overview of E3 Lithium's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

E3 Lithium (TSXV:ETL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E3 Lithium Ltd (TSXV:ETL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

EEMMF:USA OW3:Germany

Address

300 - 5th Avenue SW, Suite 1520, Calgary, AB, CAN, T2P 3C4

Website

https://www.e3lithium.ca

E3 Lithium Ltd is a resource company with mineral properties in Alberta that is currently focused on technology development for lithium extraction from Alberta brines. It is engaged in the exploration of Clearwater and covering the Leduc Reservoir in south-central Alberta. The company's properties can be further sub-divided into five separate sub-properties namely Clearwater Sub-Property, Exshaw Sub-Property, Rocky Sub-Property, Sunbreaker Sub-Property and Drumheller Sub-Property.

E3 Lithium (TSXV:ETL) Headlines

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