Aurion Resources (TSXV:AU) Days Inventory : 0.00 (As of Sep. 2024)

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What is Aurion Resources Days Inventory?

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

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

TSXV:AU's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 86.975
* Ranked among companies with meaningful Days Inventory only.

Aurion Resources's Days Inventory stayed the same from Sep. 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.

Aurion Resources Days Inventory Historical Data

The historical data trend for Aurion Resources'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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Aurion Resources Days Inventory Chart

Aurion Resources Annual Data

Trend

Dec14

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Dec23

Days Inventory

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Aurion Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Aurion Resources's Days Inventory

For the Gold subindustry, Aurion Resources'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.

Aurion Resources's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Aurion Resources's Days Inventory falls into.

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Aurion Resources Days Inventory Calculation

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

Aurion Resources's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.086	*	365
=	0					/	0.086	*	365
=	0.00

Aurion Resources'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 )	/	0.021	*	365 / 4
=	0					/	0.021	*	365 / 4
=	0.00

Aurion Resources (TSXV:AU) 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.

Aurion Resources's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.021	/	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.

Aurion Resources'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.

Aurion Resources Days Inventory Related Terms

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

Aurion Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aurion Resources Ltd (TSXV:AU) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AIRRF:USA 8RA:Germany 8RA:Germany

Address

120 Torbay Road, Suite W240, St. John's, NL, CAN, A1A 2G8

Website

https://www.aurionresources.com

Aurion Resources Ltd is a Canadian exploration company. The firm along with its subsidiaries is engaged in the evaluation, acquisition, and exploration of mineral properties in Canada, Mexico, the United States, Sweden, and Finland. It focuses on exploring its Flagship Risti and Launi projects, as well as advancing joint venture arrangements with Kinross Gold Corp, B2Gold Corp, and Strategic Resources Inc.

Executives