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Riverside Resources (TSXV:RRI) Days Inventory : 0.00 (As of Dec. 2023)


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What is Riverside Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Riverside Resources's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. Riverside Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Riverside Resources's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

TSXV:RRI's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.535
* Ranked among companies with meaningful Days Inventory only.

Riverside Resources'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.


Riverside Resources Days Inventory Historical Data

The historical data trend for Riverside Resources'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.

Riverside Resources Days Inventory Chart

Riverside Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Days Inventory
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Riverside Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Riverside Resources's Days Inventory

For the Other Precious Metals & Mining subindustry, Riverside Resources'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.


Riverside Resources's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Riverside Resources's Days Inventory falls into.



Riverside Resources Days Inventory Calculation

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

Riverside Resources's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

Days Inventory (A: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2022 ) + Total Inventories (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.055*365
=0 / 0.055*365
=0.00

Riverside Resources'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 ) / 0.01*365 / 4
=0 / 0.01*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.


Riverside Resources  (TSXV:RRI) 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.

Riverside Resources's Inventory Turnover for the three months ended in Dec. 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.

Riverside Resources's Inventory to Revenue for the three months ended in Dec. 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.


Riverside Resources Days Inventory Related Terms

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


Riverside Resources (TSXV:RRI) Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6
Riverside Resources Inc is engaged in the acquisition, exploration, and evaluation of exploration and evaluation assets in the Americas including Canada, the United States, and Mexico. The company's project profile includes Cecilia Gold Project, La Union Project, Tajitos Gold Project, Los Cuarentas Gold-Silver Project, La Silla Gold-Silver Project, and others.
Executives
John-mark Gardner Staude Senior Officer

Riverside Resources (TSXV:RRI) Headlines

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