Mining Investments Resources (LSE:MIR) Days Inventory: 0.00 (As of Dec. 2013)


What is Mining Investments Resources Days Inventory?

Mining Investments Resources LSE:MIR Days Inventory is 0.00 as of Dec. 2013. The stock has 2 warning signs investors should review.

Days Inventory is also known as Days Sales of Inventory (DSI). Mining Investments Resources's Average Total Inventories for the six months ended in Dec. 2013 was £0.00 Mil. Mining Investments Resources's Cost of Goods Sold for the six months ended in Dec. 2013 was £0.01 Mil. Hence, Mining Investments Resources's Days Inventory for the six months ended in Dec. 2013 was 0.00.

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

LSE:MIR's Days Inventory is not ranked *
in the Conglomerates industry.
Industry Median: 72.89
* Ranked among companies with meaningful Days Inventory only.

Mining Investments Resources's Days Inventory stayed the same from Dec. 2012 (0.00) to Dec. 2013 (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. Mining Investments Resources's Inventory-to-Revenue for the six months ended in Dec. 2013 was 0.00.

Mining Investments Resources  (LSE:MIR) 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.

Mining Investments Resources's Inventory Turnover for the six months ended in Dec. 2013 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.012 / 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.

Mining Investments Resources's Inventory to Revenue for the six months ended in Dec. 2013 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0 / 0.003
=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.

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.

Mining Investments Resources Days Inventory Related Terms

Mining Investments Resources Days Inventory Historical Data

* Premium members only.

The historical data trend for Mining Investments 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.

Mining Investments Resources Days Inventory Chart

Mining Investments Resources Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Jun09 Jun10 Jun11 Jun12 Jun13
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Mining Investments Resources Semi-Annual Data
Sep03 Mar04 Sep04 Mar05 Sep05 Mar06 Sep06 Mar07 Sep07 Mar08 Sep08 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Mining Investments Resources Days Inventory Competitor Comparison

For the Conglomerates subindustry, Mining Investments 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.

Mining Investments Resources Days Inventory vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mining Investments Resources's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mining Investments Resources's Days Inventory falls into.


Mining Investments Resources Days Inventory Calculation

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

Mining Investments Resources's Days Inventory for the fiscal year that ended in Jun. 2013 is calculated as

Days Inventory (A: Jun. 2013 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2012 ) + Total Inventories (A: Jun. 2013 )) / count ) / Cost of Goods Sold (A: Jun. 2013 )*Days in Period
=( (0 + 0) / 1 ) / 0*365
=0 / 0*365
=N/A

Mining Investments Resources's Days Inventory for the quarter that ended in Dec. 2013 is calculated as:

Days Inventory (Q: Dec. 2013 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2013 ) + Total Inventories (Q: Dec. 2013 )) / count ) / Cost of Goods Sold (Q: Dec. 2013 )*Days in Period
=( (0 + 0) / 1 ) / 0.012*365 / 2
=0 / 0.012*365 / 2
=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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 0.00 mean?
Mining Investments Resources (LSE:MIR) has a Days Inventory of 0.00 as of Dec. 2013. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Mining Investments Resources and its competitors.
Is Mining Investments Resources' Days Inventory too high?
Mining Investments Resources' current Days Inventory is 0.00.
How does Mining Investments Resources' Days Inventory compare to competitors?
Mining Investments Resources' Days Inventory of 0.00 can be compared against companies in the Conglomerates industry. The industry median Days Inventory is 72.89. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Conglomerates company?
The median Days Inventory among Conglomerates companies is 72.89, based on 493 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Mining Investments Resources and its competitors. For the Conglomerates industry, the median Days Inventory is 72.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mining Investments Resources's current Days Inventory is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Investments Resources stock overvalued right now?
Mining Investments Resources (LSE:MIR) has a current Days Inventory of 0.00. The current Days Inventory is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Mining Investments Resources (LSE:MIR), the current Days Inventory is 0.00 as of Dec. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mining Investments Resources Business Description

Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.