Gold Springs Resource (TSX:GRC) Days Inventory : 0.00 (As of Sep. 2024)

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What is Gold Springs Resource Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gold Springs Resource's Average Total Inventories for the three months ended in Sep. 2024 was C$0.00 Mil. Gold Springs Resource's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.02 Mil. Hence, Gold Springs Resource's Days Inventory for the three months ended in Sep. 2024 was 0.00.

The historical rank and industry rank for Gold Springs Resource's Days Inventory or its related term are showing as below:

TSX:GRC's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 87.07
* Ranked among companies with meaningful Days Inventory only.

Gold Springs Resource's Days Inventory stayed the same from Jun. 2023 (0.00) to Sep. 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.

Gold Springs Resource Days Inventory Historical Data

The historical data trend for Gold Springs Resource'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.

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Gold Springs Resource Days Inventory Chart

Gold Springs Resource Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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Gold Springs Resource Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Gold Springs Resource's Days Inventory

For the Gold subindustry, Gold Springs Resource'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.

Gold Springs Resource's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Gold Springs Resource's Days Inventory falls into.

Gold Springs Resource Days Inventory Calculation

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

Gold Springs Resource's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.073	*	365
=	0					/	0.073	*	365
=	0.00

Gold Springs Resource's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.015	*	365 / 4
=	0					/	0.015	*	365 / 4
=	0.00

Gold Springs Resource (TSX:GRC) 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.

Gold Springs Resource's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.015	/	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.

Gold Springs Resource's Inventory to Revenue for the three months ended in Sep. 2024 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.

Gold Springs Resource Days Inventory Related Terms

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Gold Springs Resource Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Springs Resource Corp (TSX:GRC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GRCAF:USA SS7A:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.goldspringsresource.com

Gold Springs Resource Corp is a growth-focused mineral exploration company advancing the district-scale Gold Springs gold project situated in mining-friendly Nevada and Utah. The Company's activities include the acquisition, exploration and development of mineral properties. Its operations are limited to a single industry segment, being mineral exploration and development.

Executives

Randall Moore	Senior Officer
Antonio Canton	Director
Matias Herrero	Senior Officer
Robert Van Doorn	Director
Horst Daspersgruber	Director, Director or Senior Officer of 10% Security Holder
Kevel Consulting Sa	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)