First Nickel (FRA:MYQ) Days Inventory: 1.01 (As of Jun. 2015) — 88% Below Median

What is First Nickel Days Inventory?

First Nickel FRA:MYQ Days Inventory is 1.01 as of Jun. 2015, which is 88% below its 10-year median of 8.61. The stock has 4 warning signs investors should review.

Days Inventory is also known as Days Sales of Inventory (DSI). First Nickel's Average Total Inventories for the three months ended in Jun. 2015 was €0.33 Mil. First Nickel's Cost of Goods Sold for the three months ended in Jun. 2015 was €29.96 Mil. Hence, First Nickel's Days Inventory for the three months ended in Jun. 2015 was 1.01.

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

FRA:MYQ' s Days Inventory Range Over the Past 10 Years
Min: 2.12 Med: 8.61 Max: 62.23
Current: 2.12

During the past 11 years, First Nickel's highest Days Inventory was 62.23. The lowest was 2.12. And the median was 8.61.

FRA:MYQ's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 85.57 vs FRA:MYQ: 2.12

First Nickel's Days Inventory declined from Jun. 2014 (4.51) to Jun. 2015 (1.01).

Inventory Turnover measures how fast the company turns over its inventory within a year. First Nickel's Inventory Turnover for the three months ended in Jun. 2015 was 90.25.

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 Nickel's Inventory-to-Revenue for the three months ended in Jun. 2015 was 0.04.

First Nickel (FRA:MYQ) 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 Nickel's Inventory Turnover for the three months ended in Jun. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29.964	/	0.332
	=	90.25

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 Nickel's Inventory to Revenue for the three months ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.332	/	9.298
	=	0.04

* 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 Nickel Days Inventory Related Terms

First Nickel Days Inventory Historical Data

* Premium members only.

The historical data trend for First Nickel's Days Inventory can be seen below:

First Nickel Days Inventory Chart

First Nickel Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Days Inventory

Get a 7-Day Free Trial

0.00

5.51

4.28

5.25

First Nickel Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Days Inventory	Get a 7-Day Free Trial															4.51	2.13	3.14	4.98	1.01

First Nickel Days Inventory Competitor Comparison

For the Other Industrial Metals & Mining subindustry, First Nickel'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 Nickel Days Inventory vs Metals & Mining Industry

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

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

Save Embed

First Nickel Days Inventory Calculation

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

First Nickel's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

	Days Inventory (A: Dec. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (1	+	0.769)	/	2 )	/	61.489	*	365
=	0.8845					/	61.489	*	365
=	5.25

First Nickel's Days Inventory for the quarter that ended in Jun. 2015 is calculated as:

	Days Inventory (Q: Jun. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2015 )	+	Total Inventories (Q: Jun. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
=	( (0.539	+	0.125)	/	2 )	/	29.964	*	365 / 4
=	0.332					/	29.964	*	365 / 4
=	1.01

Frequently Asked Questions Learn more about Days Inventory →

What does a Days Inventory of 1.01 mean?

First Nickel (FRA:MYQ) has a Days Inventory of 1.01 as of Jun. 2015. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on First Nickel and its competitors. This is 88% below median its historical median of 8.61. Over the past decade, First Nickel's Days Inventory has ranged from 2.12 to 62.23.

Is First Nickel's Days Inventory too high?

First Nickel's current Days Inventory of 1.01 is 88% below median its 10-year median of 8.61. Over the past 10 years, this metric has ranged from a low of 2.12 to a high of 62.23. The Metals & Mining industry median Days Inventory is 85.57. First Nickel's value of 1.01 is 98.8% below this industry median.

How does First Nickel's Days Inventory compare to competitors?

First Nickel's Days Inventory of 1.01 can be compared against companies in the Metals & Mining industry. The industry median Days Inventory is 85.57. First Nickel's value of 1.01 is 98.8% below this benchmark. Historically, First Nickel's own Days Inventory has ranged from 2.12 to 62.23 over the past decade. While the company's 10-year median is 8.61 vs. the industry median of 85.57, First Nickel has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Inventory for a Metals & Mining company?

The median Days Inventory among Metals & Mining companies is 85.57, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Nickel's current Days Inventory of 1.01 is 98.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Inventory mean?

A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on First Nickel and its competitors. For the Metals & Mining industry, the median Days Inventory is 85.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Nickel's current Days Inventory is 1.01, which is 88% below median its own 10-year median of 8.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Nickel stock overvalued right now?

First Nickel (FRA:MYQ) has a current Days Inventory of 1.01. The current Days Inventory is 1.01, which is 88% below median its 10-year median of 8.61 and 98.8% below the Metals & Mining industry median of 85.57. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Inventory calculated?

Days Inventory is calculated from a company's financial statements. For First Nickel (FRA:MYQ), the current Days Inventory is 1.01 as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Nickel Business Description

Industry Basic Materials Metals & Mining

Comparable Companies FRA:4CX1 FRA:NB71 FRA:3LQ FRA:C4A1 FRA:OGPN FRA:GSR FRA:M85 FRA:DXZA FRA:6GO1 FRA:DG7N FRA:MRD FRA:F9IQ FRA:37N2 FRA:X9T FRA:85G1 FRA:M4KP FRA:2CO1 FRA:QSGB FRA:4LPP FRA:F7E1

Address 120 Front Street East, Suite 206, Toronto, ON, CAN, M5A 4L9

Website http://www.firstnickel.com

First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America.