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Quebec Rare Earth Elements (Quebec Rare Earth Elements) Days Inventory : 0.00 (As of Jan. 2024)


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What is Quebec Rare Earth Elements Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Quebec Rare Earth Elements's Average Total Inventories for the three months ended in Jan. 2024 was $0.00 Mil. Quebec Rare Earth Elements's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.00 Mil.

The historical rank and industry rank for Quebec Rare Earth Elements's Days Inventory or its related term are showing as below:

QQREF's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 87.68
* Ranked among companies with meaningful Days Inventory only.

Quebec Rare Earth Elements'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.


Quebec Rare Earth Elements Days Inventory Historical Data

The historical data trend for Quebec Rare Earth Elements'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.

Quebec Rare Earth Elements Days Inventory Chart

Quebec Rare Earth Elements Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Days Inventory
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Quebec Rare Earth Elements Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Quebec Rare Earth Elements's Days Inventory

For the Other Industrial Metals & Mining subindustry, Quebec Rare Earth Elements'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.


Quebec Rare Earth Elements's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Quebec Rare Earth Elements's Days Inventory distribution charts can be found below:

* The bar in red indicates where Quebec Rare Earth Elements's Days Inventory falls into.



Quebec Rare Earth Elements Days Inventory Calculation

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

Quebec Rare Earth Elements's Days Inventory for the fiscal year that ended in Apr. 2023 is calculated as

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

Quebec Rare Earth Elements's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

Days Inventory (Q: Jan. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Oct. 2023 ) + Total Inventories (Q: Jan. 2024 )) / count ) / Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0*365 / 4
=0 / 0*365 / 4
=N/A

* 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.


Quebec Rare Earth Elements  (OTCPK:QQREF) 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.

Quebec Rare Earth Elements'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.

Quebec Rare Earth Elements'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.


Quebec Rare Earth Elements Days Inventory Related Terms

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


Quebec Rare Earth Elements (Quebec Rare Earth Elements) Business Description

Traded in Other Exchanges
Address
217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2
Quebec Rare Earth Elements Corp is a junior exploration company targeting gold, silver, platinum, and palladium in some of the most active exploration districts in Canada. Its flagship asset, the Starr Project, is host to multiple high-grade gold and silver discoveries that have been identified through trenching, bulk sampling, and diamond drilling. In addition, the company is one of the landholders in the rapidly advancing Marathon/Thunder Bay North area mining districts where Generation Mining and Clean Air Metals are advancing their sizable high grade platinum-palladium +/- copper-nickel-silver-gold projects. The company also holds sizable land positions in British Columbia's Golden Triangle.

Quebec Rare Earth Elements (Quebec Rare Earth Elements) Headlines

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