Giga Metals (FRA:BRR2) Days Inventory : 0.00 (As of Sep. 2024)

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What is Giga Metals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Giga Metals's Average Total Inventories for the three months ended in Sep. 2024 was €0.00 Mil. Giga Metals's Cost of Goods Sold for the three months ended in Sep. 2024 was €0.02 Mil. Hence, Giga Metals's Days Inventory for the three months ended in Sep. 2024 was 0.00.

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

FRA:BRR2's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 86.4
* Ranked among companies with meaningful Days Inventory only.

Giga Metals's Days Inventory stayed the same from Sep. 2023 (0.00) to Sep. 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.

Giga Metals Days Inventory Historical Data

The historical data trend for Giga Metals'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.

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Giga Metals Days Inventory Chart

Giga Metals Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec22

Dec23

Days Inventory

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Giga Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Giga Metals's Days Inventory

For the Other Industrial Metals & Mining subindustry, Giga Metals'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.

Giga Metals's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Giga Metals's Days Inventory falls into.

Giga Metals Days Inventory Calculation

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

Giga Metals'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 )	/	0.077	*	365
=	0					/	0.077	*	365
=	0.00

Giga Metals's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.019	*	365 / 4
=	0					/	0.019	*	365 / 4
=	0.00

Giga Metals (FRA:BRR2) 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.

Giga Metals's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.019	/	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.

Giga Metals's Inventory to Revenue for the three months ended in Sep. 2024 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.

Giga Metals Days Inventory Related Terms

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Giga Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Giga Metals Corp (FRA:BRR2) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GIGGF:USA BRR2:Germany GIGA:Canada

Address

700 West Pender Street, Suite 203, Vancouver, BC, CAN, V6C 1G8

Website

https://www.gigametals.com

Giga Metals Corp is engaged in the acquisition and exploration of mineral properties in Canada. The company is focused on two of the key metals used in the batteries of electric vehicles: Nickel and Cobalt. It is developing the Turnagain deposit, a giant nickel sulphide deposit in north-central British Columbia, Canada. The Company operates in a single reportable operating segment being the acquisition, exploration and development of mineral properties.

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