Days Inventory is also known as Days Sales of Inventory (DSI). New Age Metals's Average Total Inventories for the
three
months ended in Jan. 2024 was $0.00 Mil. New Age Metals's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $0.01 Mil.
Hence, New Age Metals's Days Inventory for the
three
months ended in Jan. 2024 was 0.00.
The historical rank and industry rank for New Age Metals's Days Inventory or its related term are showing as below:
NMTLF's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.655 * Ranked among companies with meaningful Days Inventory only.
New Age Metals's Days Inventory
stayed the same
from Jan. 2023 (0.00) to Jan. 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.
New Age Metals Days Inventory Historical Data
The historical data trend for New Age Metals'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.
Competitive Comparison of New Age Metals's Days Inventory
For the Other Industrial Metals & Mining subindustry, New Age Metals'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.
New Age Metals's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, New Age Metals's Days Inventory distribution charts can be found below:
* The bar in red indicates where New Age Metals's Days Inventory falls into.
New Age Metals Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
New Age Metals's Days Inventory for the fiscal year that ended in Apr. 2023 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.
New Age Metals (OTCPK:NMTLF) 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.
New Age Metals's Inventory Turnover for the
three
months ended in Jan. 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.
New Age Metals's Inventory to Revenue for the
three
months ended in Jan. 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.
New Age Metals Days Inventory Related Terms
Thank you for viewing the detailed overview of New Age Metals's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
New Age Metals (New Age Metals) Business Description
New Age Metals Inc is a green metal, mineral exploration and development company. The company has two divisions, each engaged in the process of acquiring, exploring and developing Platinum Group Metal (PGM) and Lithium projects. Geographically, it operates in Canada and USA, out of which the majority of its revenue is from Canada. Its project includes the palladium projects in North America - its flagship River Valley PGM Project (near Sudbury, Ontario), Genesis PGM-Cu-Ni Project (Alaska) and seven Lithium projects (Manitoba).
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