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Canasil Resources (TSXV:CLZ.H) Days Inventory : 0.00 (As of Jun. 2023)


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What is Canasil Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Canasil Resources's Average Total Inventories for the three months ended in Jun. 2023 was C$0.00 Mil. Canasil Resources's Cost of Goods Sold for the three months ended in Jun. 2023 was C$0.00 Mil. Hence, Canasil Resources's Days Inventory for the three months ended in Jun. 2023 was 0.00.

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

TSXV:CLZ.H's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.57
* Ranked among companies with meaningful Days Inventory only.

Canasil Resources's Days Inventory stayed the same from Jun. 2022 (0.00) to Jun. 2023 (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.


Canasil Resources Days Inventory Historical Data

The historical data trend for Canasil 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.

* Premium members only.

Canasil Resources Days Inventory Chart

Canasil Resources Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
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Canasil Resources Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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Competitive Comparison of Canasil Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Canasil 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.


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

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

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



Canasil Resources Days Inventory Calculation

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

Canasil Resources'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 ) / 0.01*365
=0 / 0.01*365
=0.00

Canasil Resources's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.002*365 / 4
=0 / 0.002*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.


Canasil Resources  (TSXV:CLZ.H) 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.

Canasil Resources's Inventory Turnover for the three months ended in Jun. 2023 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.

Canasil Resources's Inventory to Revenue for the three months ended in Jun. 2023 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.


Canasil Resources Days Inventory Related Terms

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


Canasil Resources (TSXV:CLZ.H) Business Description

Traded in Other Exchanges
Address
750 West Pender Street, Suite 1760, Vancouver, BC, CAN, V6C 2T8
Canasil Resources Inc is a mining and mineral exploration company. It has a portfolio of precious and base metal exploration projects. The Company currently operates in only one operating segment, that being the mineral exploration industry. The company operates in the geographical areas of Canada and Mexico. It holds mineral interests in the La Esperanza project, Salamandra project, Nora project and others.

Canasil Resources (TSXV:CLZ.H) Headlines

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