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First Mining Gold (FRA:FMG) Days Inventory : 0.00 (As of Mar. 2024)


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What is First Mining Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). First Mining Gold's Average Total Inventories for the three months ended in Mar. 2024 was €0.00 Mil. First Mining Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.03 Mil. Hence, First Mining Gold's Days Inventory for the three months ended in Mar. 2024 was 0.00.

The historical rank and industry rank for First Mining Gold's Days Inventory or its related term are showing as below:

FRA:FMG's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.655
* Ranked among companies with meaningful Days Inventory only.

First Mining Gold'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.


First Mining Gold Days Inventory Historical Data

The historical data trend for First Mining Gold'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.

First Mining Gold Days Inventory Chart

First Mining Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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First Mining Gold 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 First Mining Gold's Days Inventory

For the Gold subindustry, First Mining Gold'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.


First Mining Gold's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where First Mining Gold's Days Inventory falls into.



First Mining Gold Days Inventory Calculation

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

First Mining Gold'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 ) / 0.204*365
=0 / 0.204*365
=0.00

First Mining Gold'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 ) / 0.029*365 / 4
=0 / 0.029*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.


First Mining Gold  (FRA:FMG) 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.

First Mining Gold'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.

First Mining Gold'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.


First Mining Gold Days Inventory Related Terms

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


First Mining Gold (FRA:FMG) Business Description

Traded in Other Exchanges
Address
1188 West Georgia Street, Suite 2070, Vancouver, BC, CAN, V6E 4A2
First Mining Gold Corp is engaged in the acquisition, exploration, development and selective disposition of its North American mineral properties. It is engaged in advancing a portfolio of gold projects in Canada, with the project being the Springpole Gold Project in northwestern Ontario. The company also holds an equity position in Treasury Metals which is advancing the Goliath Gold Complex toward construction. Its portfolio of gold projects in eastern Canada also includes Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. In addition, the Company holds an interest in the PC Gold legal entity which holds the Pickle Crow gold project.

First Mining Gold (FRA:FMG) Headlines

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