High North Resources (High North Resources) Days Inventory : 0.00 (As of Jun. 2015)

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What is High North Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). High North Resources's Average Total Inventories for the three months ended in Jun. 2015 was $0.00 Mil. High North Resources's Cost of Goods Sold for the three months ended in Jun. 2015 was $0.62 Mil. Hence, High North Resources's Days Inventory for the three months ended in Jun. 2015 was 0.00.

The historical rank and industry rank for High North Resources's Days Inventory or its related term are showing as below:

HNTHF's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.94
* Ranked among companies with meaningful Days Inventory only.

High North Resources's Days Inventory stayed the same from Jun. 2014 (0.00) to Jun. 2015 (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. High North Resources's Inventory-to-Revenue for the three months ended in Jun. 2015 was 0.00.

High North Resources Days Inventory Historical Data

The historical data trend for High North Resources'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.

High North Resources Days Inventory Chart

High North Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Days Inventory

High North Resources Quarterly Data
	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													-	-	-	-	-

Competitive Comparison of High North Resources's Days Inventory

For the Oil & Gas E&P subindustry, High North Resources'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.

High North Resources's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, High North Resources's Days Inventory distribution charts can be found below:

* The bar in red indicates where High North Resources's Days Inventory falls into.

High North Resources Days Inventory Calculation

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

High North Resources's Days Inventory for the fiscal year that ended in Sep. 2014 is calculated as

	Days Inventory (A: Sep. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2013 )	+	Total Inventories (A: Sep. 2014 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2014 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	3.127	*	365
=	0					/	3.127	*	365
=	0.00

High North Resources'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	+	0)	/	1 )	/	0.624	*	365 / 4
=	0					/	0.624	*	365 / 4
=	0.00

High North Resources (OTCPK:HNTHF) 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.

High North Resources's Inventory Turnover for the three months ended in Jun. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.624	/	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.499
	=	0.00

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.

High North Resources Days Inventory Related Terms

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

High North Resources (High North Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High North Resources Ltd (OTCPK:HNTHF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 – 7th Avenue South West, Suite 2800, First Canadian Centre, Calgary, AB, CAN, T2P 3N9

Website

http://www.highnorthresources.com

High North Resources Ltd is primarily engaged in the business of production, exploration, and development of oil and gas properties. The company operates through Chemical and Allied Products Merchant Wholesalers; exporting and importing base oil; Starch and Vegetable Fats and Oils Manufacturing segments. Geographically, it operates through the region of Canada. The organization generates most of its revenues from the trading on base oil, chemicals, and crude oil.

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