MGX Minerals (MGX Minerals) Days Inventory : 0.00 (As of Apr. 2021)

View and export this data going back to 2016. Start your Free Trial

What is MGX Minerals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MGX Minerals's Average Total Inventories for the three months ended in Apr. 2021 was $0.00 Mil. MGX Minerals's Cost of Goods Sold for the three months ended in Apr. 2021 was $0.01 Mil. Hence, MGX Minerals's Days Inventory for the three months ended in Apr. 2021 was 0.00.

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

MGXMF's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 87.545
* Ranked among companies with meaningful Days Inventory only.

MGX Minerals's Days Inventory stayed the same from Apr. 2020 (0.00) to Apr. 2021 (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.

MGX Minerals Days Inventory Historical Data

The historical data trend for MGX Minerals'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.

MGX Minerals Days Inventory Chart

MGX Minerals Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Days Inventory

Get a 7-Day Free Trial

MGX Minerals Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of MGX Minerals's Days Inventory

For the Other Industrial Metals & Mining subindustry, MGX Minerals'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.

MGX Minerals's Days Inventory Distribution in the Metals & Mining Industry

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

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

MGX Minerals Days Inventory Calculation

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

MGX Minerals's Days Inventory for the fiscal year that ended in Jul. 2020 is calculated as

	Days Inventory (A: Jul. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2019 )	+	Total Inventories (A: Jul. 2020 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.027	*	365
=	0					/	0.027	*	365
=	0.00

MGX Minerals's Days Inventory for the quarter that ended in Apr. 2021 is calculated as:

	Days Inventory (Q: Apr. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jan. 2021 )	+	Total Inventories (Q: Apr. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2021 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.007	*	365 / 4
=	0					/	0.007	*	365 / 4
=	0.00

MGX Minerals (OTCPK:MGXMF) 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.

MGX Minerals's Inventory Turnover for the three months ended in Apr. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.007	/	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.

MGX Minerals's Inventory to Revenue for the three months ended in Apr. 2021 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.

MGX Minerals Days Inventory Related Terms

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

MGX Minerals (MGX Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MGX Minerals Inc (OTCPK:MGXMF) » Definitions » Days Inventory

Comparable Companies

XCNQ:STGX TSXV:SILV TSXV:LMS TSXV:PX TSXV:ABZ TSXV:EGM TSXV:GTC TSXV:FUSE TSXV:SYG TSXV:IZN

Traded in Other Exchanges

N/A

Address

1080 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T1

Website

http://www.mgxminerals.com

MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.