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LRAXF (Lara Exploration) Days Inventory : 0.00 (As of Sep. 2024)


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What is Lara Exploration Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lara Exploration's Average Total Inventories for the three months ended in Sep. 2024 was $0.00 Mil. Lara Exploration's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.29 Mil. Hence, Lara Exploration's Days Inventory for the three months ended in Sep. 2024 was 0.00.

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

LRAXF's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 86.53
* Ranked among companies with meaningful Days Inventory only.

Lara Exploration's Days Inventory stayed the same from Sep. 2023 (0.00) to Sep. 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.


Lara Exploration Days Inventory Historical Data

The historical data trend for Lara Exploration'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.

Lara Exploration Days Inventory Chart

Lara Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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Lara Exploration Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Lara Exploration's Days Inventory

For the Other Industrial Metals & Mining subindustry, Lara Exploration'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.


Lara Exploration's Days Inventory Distribution in the Metals & Mining Industry

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

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


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Lara Exploration Days Inventory Calculation

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

Lara Exploration's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.754*365
=0 / 0.754*365
=0.00

Lara Exploration's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.289*365 / 4
=0 / 0.289*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.


Lara Exploration  (OTCPK:LRAXF) 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.

Lara Exploration's Inventory Turnover for the three months ended in Sep. 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.

Lara Exploration's Inventory to Revenue for the three months ended in Sep. 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.


Lara Exploration Days Inventory Related Terms

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


Lara Exploration Business Description

Traded in Other Exchanges
Address
543 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 1X8
Lara Exploration Ltd is engaged in the business of exploration. It operates in a single reportable segment, the acquisition and exploration of mineral properties in South America. It also has exploration and evaluation properties in Brazil, Peru, and Chile. The company projects include the Planalto Copper Project, the Liberdade Copper Project and others.

Lara Exploration Headlines