EDM Resources (TSXV:EDM) Days Inventory : 0.00 (As of Mar. 2024)

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What is EDM Resources Days Inventory?

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

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

TSXV:EDM's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.02
* Ranked among companies with meaningful Days Inventory only.

EDM Resources's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 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.

EDM Resources Days Inventory Historical Data

The historical data trend for EDM 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.

EDM Resources Days Inventory Chart

EDM Resources Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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EDM Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of EDM Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, EDM 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.

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

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

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

EDM Resources Days Inventory Calculation

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

EDM 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 )	/	0.007	*	365
=	0					/	0.007	*	365
=	0.00

EDM Resources's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.003	*	365 / 4
=	0					/	0.003	*	365 / 4
=	0.00

EDM Resources (TSXV:EDM) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.003	/	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.

EDM Resources's Inventory to Revenue for the three months ended in Mar. 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.

EDM Resources Days Inventory Related Terms

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

EDM Resources (TSXV:EDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EDM Resources Inc (TSXV:EDM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1959 Upper Water Street, Suite 1301, Purdy's Wharf, Halifax, NS, CAN, B3J 3N2

Website

https://www.edmresources.com

EDM Resources Inc is an exploration and development company. The company is engaged in base metals mining and related activities, including the exploration and evaluation of mineral property interests that are considered to have the potential for economic mineralization and development. Its project includes Scotia Mine; Eastville Prospect; Carrolls Farm and Carrolls Corner Prospects.

Executives

Mark Stephen Richard Haywood

Senior Officer

EDM Resources (TSXV:EDM) Headlines

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