GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noram Lithium Corp (OTCPK:NRVTF) » Definitions » Days Inventory

NRVTF (Noram Lithium) Days Inventory : 0.00 (As of Jul. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Noram Lithium Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Noram Lithium's Average Total Inventories for the three months ended in Jul. 2024 was $0.00 Mil. Noram Lithium's Cost of Goods Sold for the three months ended in Jul. 2024 was $0.01 Mil. Hence, Noram Lithium's Days Inventory for the three months ended in Jul. 2024 was 0.00.

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

NRVTF's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 86.21
* Ranked among companies with meaningful Days Inventory only.

Noram Lithium's Days Inventory stayed the same from Jul. 2023 (0.00) to Jul. 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.


Noram Lithium Days Inventory Historical Data

The historical data trend for Noram Lithium'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.

Noram Lithium Days Inventory Chart

Noram Lithium Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Noram Lithium Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 - - - - -

Competitive Comparison of Noram Lithium's Days Inventory

For the Other Industrial Metals & Mining subindustry, Noram Lithium'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.


Noram Lithium's Days Inventory Distribution in the Metals & Mining Industry

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

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



Noram Lithium Days Inventory Calculation

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

Noram Lithium's Days Inventory for the fiscal year that ended in Jan. 2024 is calculated as

Days Inventory (A: Jan. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jan. 2023 ) + Total Inventories (A: Jan. 2024 )) / count ) / Cost of Goods Sold (A: Jan. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.042*365
=0 / 0.042*365
=0.00

Noram Lithium's Days Inventory for the quarter that ended in Jul. 2024 is calculated as:

Days Inventory (Q: Jul. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Apr. 2024 ) + Total Inventories (Q: Jul. 2024 )) / count ) / Cost of Goods Sold (Q: Jul. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.01*365 / 4
=0 / 0.01*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.


Noram Lithium  (OTCPK:NRVTF) 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.

Noram Lithium's Inventory Turnover for the three months ended in Jul. 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.

Noram Lithium's Inventory to Revenue for the three months ended in Jul. 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.


Noram Lithium Days Inventory Related Terms

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


Noram Lithium Business Description

Traded in Other Exchanges
Address
555 West Hastings Street, Suite 2150, Vancouver, BC, CAN, V6B 4N6
Noram Lithium Corp is engaged in the acquisition and exploration of lithium properties. Its principal asset is the Zeus Lithium Project in Clayton Valley Nevada.