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Ares Strategic Mining (FRA:N8I) Days Inventory : 0.00 (As of Dec. 2024)


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What is Ares Strategic Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ares Strategic Mining's Average Total Inventories for the three months ended in Dec. 2024 was €0.00 Mil. Ares Strategic Mining's Cost of Goods Sold for the three months ended in Dec. 2024 was €0.01 Mil. Hence, Ares Strategic Mining's Days Inventory for the three months ended in Dec. 2024 was 0.00.

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

FRA:N8I's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 86.975
* Ranked among companies with meaningful Days Inventory only.

Ares Strategic Mining's Days Inventory stayed the same from Dec. 2023 (0.00) to Dec. 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.


Ares Strategic Mining Days Inventory Historical Data

The historical data trend for Ares Strategic Mining'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.

Ares Strategic Mining Days Inventory Chart

Ares Strategic Mining Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Days Inventory
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Ares Strategic Mining Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of Ares Strategic Mining's Days Inventory

For the Other Industrial Metals & Mining subindustry, Ares Strategic Mining'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.


Ares Strategic Mining's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Ares Strategic Mining's Days Inventory falls into.


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Ares Strategic Mining Days Inventory Calculation

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

Ares Strategic Mining's Days Inventory for the fiscal year that ended in Sep. 2024 is calculated as

Days Inventory (A: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2023 ) + Total Inventories (A: Sep. 2024 )) / count ) / Cost of Goods Sold (A: Sep. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.027*365
=0 / 0.027*365
=0.00

Ares Strategic Mining's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

Days Inventory (Q: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.006*365 / 4
=0 / 0.006*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.


Ares Strategic Mining  (FRA:N8I) 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.

Ares Strategic Mining's Inventory Turnover for the three months ended in Dec. 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.

Ares Strategic Mining's Inventory to Revenue for the three months ended in Dec. 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.


Ares Strategic Mining Days Inventory Related Terms

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Ares Strategic Mining Business Description

Traded in Other Exchanges
Address
409 Granville Street, Suite 1001, Vancouver, BC, CAN, V6C 1T2
Ares Strategic Mining Inc is a junior natural resource mining company. The Company has one reportable segment, being the acquisition, exploration, and development of resource properties. It is engaged in the acquisition and exploration of lithium resource properties. Its projects include Lost Sheep, Vanadium Ridge Property, Liard Property, jackpot lake property, Wilcox playa and Ontario properties.

Ares Strategic Mining Headlines

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