GRDV (Golden Royal Development) Days Inventory : 0.00 (As of Mar. 2024)

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What is Golden Royal Development Days Inventory?

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

The historical rank and industry rank for Golden Royal Development's Days Inventory or its related term are showing as below:

GRDV's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 86.88
* Ranked among companies with meaningful Days Inventory only.

Golden Royal Development'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.

Golden Royal Development Days Inventory Historical Data

The historical data trend for Golden Royal Development'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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Golden Royal Development Days Inventory Chart

Golden Royal Development Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Days Inventory

Golden Royal Development Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial										-	-	-	-	-

Competitive Comparison of Golden Royal Development's Days Inventory

For the Other Industrial Metals & Mining subindustry, Golden Royal Development'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.

Golden Royal Development's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Golden Royal Development's Days Inventory falls into.

Golden Royal Development Days Inventory Calculation

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

Golden Royal Development's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Golden Royal Development'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	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Golden Royal Development (OTCPK:GRDV) 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.

Golden Royal Development's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	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.

Golden Royal Development's Inventory to Revenue for the three months ended in Mar. 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.

Golden Royal Development Days Inventory Related Terms

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Golden Royal Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Royal Development Inc (OTCPK:GRDV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Main Street, Suite 415, West Orange, NJ, USA, 11211

Website

Golden Royal Development Inc United States based company. The company engages in the business of purchasing and selling mineral leases and other interests in mineral rights.

Golden Royal Development Headlines

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