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Solitario Resources (Solitario Resources) Days Inventory : 0.00 (As of Mar. 2024)


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What is Solitario Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Solitario Resources's Average Total Inventories for the three months ended in Mar. 2024 was $0.00 Mil. Solitario Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. Hence, Solitario Resources's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

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

Solitario Resources's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (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.


Solitario Resources Days Inventory Historical Data

The historical data trend for Solitario 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.

Solitario Resources Days Inventory Chart

Solitario Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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Solitario Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Solitario Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Solitario 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.


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

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

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



Solitario Resources Days Inventory Calculation

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

Solitario Resources'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 ) / 0.025*365
=0 / 0.025*365
=0.00

Solitario Resources's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.007*365 / 4
=0 / 0.007*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.


Solitario Resources  (AMEX:XPL) 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.

Solitario Resources's Inventory Turnover for the three months ended in Mar. 2024 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.

Solitario Resources's Inventory to Revenue for the three months ended in Mar. 2024 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.


Solitario Resources Days Inventory Related Terms

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


Solitario Resources (Solitario Resources) Business Description

Traded in Other Exchanges
Address
4251 Kipling Street, Suite 390, Wheat Ridge, CO, USA, 80033
Solitario Resources Corp is exploration company engaging in acquiring, exploring, and developing zinc properties and other precious metals in safe jurisdictions in North and South America. It has joint venture interests in large, high-grade zinc development projects. The Florida Canyon Zinc Project in Peru is a development asset held jointly with Nexa Resources S.A., Golden Crest Project in South Dakota and the Lik Zinc Project represents a large-tonnage, high-grade development project in Alaska in partnership with Teck Resources. In addition, the company has an additional portfolio of exploration properties and royalties in the Americas.
Executives
James Kb Hesketh director 65 SOUTH JOYCE STREET, GOLDEN CO 80401
Debbie Mino Austin director 128 APRIL BREEZE ST., MONTGOMERY CO 77356
James R Maronick officer: CFO 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Christopher E Herald director, officer: CEO 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Walter H Hunt officer: Vice President Exploration 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Gil Atzmon director 1718 FOX TREE LN, SAN ANTONIO TX 78248
John A Labate director
Brian Labadie director 24138 FERN CRESCENT, MAPLE RIDGE A1 V4R 2S1
Leonard Harris director 4251 KIPLING ST STE 390, WHEAT RIDGE CO 80033
Jones Mark E Iii director 16360 PARK TEN PLACE, SUITE 217, HOUSTON TX 77084
John Hainey director 216 TOYNBEE TRAIL, SCARBOROUGH A6 M1E 1G9
Steven A Webster director 500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
Daniel B Leonard director 4510 SILVER CLIFF COURT, CASTLE ROCK CO 80108
Crown Resources Corp 10 percent owner 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033