Minco Capital (TSXV:MMM) Days Inventory : 0.00 (As of Dec. 2023)

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What is Minco Capital Days Inventory?

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

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

TSXV:MMM's Days Inventory is not ranked ^*
in the Asset Management industry.
Industry Median: 75.96
* Ranked among companies with meaningful Days Inventory only.

Minco Capital's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 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. Minco Capital's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Minco Capital Days Inventory Historical Data

The historical data trend for Minco Capital'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.

Minco Capital Days Inventory Chart

Minco Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Minco Capital 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															-	-	-	-	-

Competitive Comparison of Minco Capital's Days Inventory

For the Asset Management subindustry, Minco Capital'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.

Minco Capital's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Minco Capital's Days Inventory distribution charts can be found below:

* The bar in red indicates where Minco Capital's Days Inventory falls into.

Minco Capital Days Inventory Calculation

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

Minco Capital's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.101	*	365
=	0					/	0.101	*	365
=	0.00

Minco Capital'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	+	0)	/	1 )	/	0.028	*	365 / 4
=	0					/	0.028	*	365 / 4
=	0.00

Minco Capital (TSXV:MMM) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.028	/	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.077
	=	0.00

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.

Minco Capital Days Inventory Related Terms

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

Minco Capital (TSXV:MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Minco Capital Corp (TSXV:MMM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MGHCF:USA MI5:Germany

Address

No. 2060 - 1055 West Georgia Street, PO Box 11176, Vancouver, BC, CAN, V6E 3R5

Website

http://www.mincocapitalcorp.com

Minco Capital Corp is a Canadian company that is focused on utilizing its working capital position, industry contacts and internal expertise to identify, evaluate and invest in assets that have the capacity to generate returns and growth. The company invests in publicly traded and privately held corporations as well as taking indirect and direct ownership stakes in resource projects. Its types of investments may include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles. It has one segment which is the acquisition and sale of investments in other companies.