GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sun Summit Minerals Corp (OTCPK:SMREF) » Definitions » Days Inventory

Sun Summit Minerals (Sun Summit Minerals) Days Inventory : 0.00 (As of Feb. 2024)


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

What is Sun Summit Minerals Days Inventory?

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

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

SMREF's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.64
* Ranked among companies with meaningful Days Inventory only.

Sun Summit Minerals's Days Inventory stayed the same from Feb. 2023 (0.00) to Feb. 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.


Sun Summit Minerals Days Inventory Historical Data

The historical data trend for Sun Summit 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.

Sun Summit Minerals Days Inventory Chart

Sun Summit Minerals Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Sun Summit Minerals Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 Sun Summit Minerals's Days Inventory

For the Other Industrial Metals & Mining subindustry, Sun Summit 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.


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

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

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



Sun Summit Minerals Days Inventory Calculation

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

Sun Summit Minerals's Days Inventory for the fiscal year that ended in Nov. 2023 is calculated as

Days Inventory (A: Nov. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Nov. 2022 ) + Total Inventories (A: Nov. 2023 )) / count ) / Cost of Goods Sold (A: Nov. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.005*365
=0 / 0.005*365
=0.00

Sun Summit Minerals's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

Days Inventory (Q: Feb. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Nov. 2023 ) + Total Inventories (Q: Feb. 2024 )) / count ) / Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.001*365 / 4
=0 / 0.001*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.


Sun Summit Minerals  (OTCPK:SMREF) 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.

Sun Summit Minerals's Inventory Turnover for the three months ended in Feb. 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.

Sun Summit Minerals's Inventory to Revenue for the three months ended in Feb. 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.


Sun Summit Minerals Days Inventory Related Terms

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


Sun Summit Minerals (Sun Summit Minerals) Business Description

Traded in Other Exchanges
Address
889 West Pender Street, c/o Suite 800, Vancouver, BC, CAN, V6C 3B2
Sun Summit Minerals Corp is a Canadian mineral exploration company. The company is focused on developing a resource at the flagship Buck Project located in central British Columbia. Its projects include Chunibas Project, 1068 Project, and Other Projects. The company conducts its operations in Canada and Mexico.

Sun Summit Minerals (Sun Summit Minerals) Headlines

From GuruFocus

San Marco Grants Incentive Stock Options

By GlobeNewswire GlobeNewswire 06-25-2018