Rio2 (LIM:RIO) Days Inventory : 0.00 (As of Mar. 2024)

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What is Rio2 Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rio2's Average Total Inventories for the three months ended in Mar. 2024 was $0.00 Mil. Rio2's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.31 Mil. Hence, Rio2's Days Inventory for the three months ended in Mar. 2024 was 0.00.

The historical rank and industry rank for Rio2's Days Inventory or its related term are showing as below:

LIM:RIO's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.19
* Ranked among companies with meaningful Days Inventory only.

Rio2's Days Inventory stayed the same from Dec. 2022 (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.

Rio2 Days Inventory Historical Data

The historical data trend for Rio2'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.

Rio2 Days Inventory Chart

Rio2 Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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Rio2 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Rio2's Days Inventory

For the Gold subindustry, Rio2'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.

Rio2's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rio2's Days Inventory distribution charts can be found below:

* The bar in red indicates where Rio2's Days Inventory falls into.

Rio2 Days Inventory Calculation

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

Rio2's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2.283	*	365
=	0					/	2.283	*	365
=	0.00

Rio2'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.307	*	365 / 4
=	0					/	0.307	*	365 / 4
=	0.00

Rio2 (LIM:RIO) 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.

Rio2's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.307	/	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.

Rio2'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.

Rio2 Days Inventory Related Terms

Thank you for viewing the detailed overview of Rio2's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Rio2 (LIM:RIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio2 Ltd (LIM:RIO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

RIOFF:USA 1SB:Germany RIO:Canada

Address

355 Burrard Street, Suite 1000, The Marine Building, Vancouver, BC, CAN, V6C 2G8

Website

https://www.rio2.com

Rio2 Ltd is a mining company with a focus on development and mining operations. It focuses on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy. In addition to the Fenix Gold Project in development in Chile. The Company has four operating segments in four geographic areas which is the corporate office in Canada, the financing of the Fenix Gold Project in the Bahamas the support of the Fenix Gold Project in Peru, and the development of the Fenix Gold Project in Chile.