Electrum Discovery (TSXV:ELY) Days Inventory : 0.00 (As of Dec. 2023)

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What is Electrum Discovery Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Electrum Discovery's Average Total Inventories for the six months ended in Dec. 2023 was C$0.00 Mil. Electrum Discovery's Cost of Goods Sold for the six months ended in Dec. 2023 was C$0.01 Mil. Hence, Electrum Discovery's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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

TSXV:ELY's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 86.4
* Ranked among companies with meaningful Days Inventory only.

Electrum Discovery's Days Inventory stayed the same from . 20 (0.00) to Dec. 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.

Electrum Discovery Days Inventory Historical Data

The historical data trend for Electrum Discovery'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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Electrum Discovery Days Inventory Chart

Electrum Discovery Annual Data

Trend

Dec22

Dec23

Days Inventory

Electrum Discovery Semi-Annual Data
	Dec22	Dec23
Days Inventory	-	-

Competitive Comparison of Electrum Discovery's Days Inventory

For the Other Precious Metals & Mining subindustry, Electrum Discovery'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.

Electrum Discovery's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Electrum Discovery's Days Inventory falls into.

Electrum Discovery Days Inventory Calculation

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

Electrum Discovery'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 )	/	0.012	*	365
=	0					/	0.012	*	365
=	0.00

Electrum Discovery's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.012	*	365 / 2
=	0					/	0.012	*	365 / 2
=	0.00

Electrum Discovery (TSXV:ELY) 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.

Electrum Discovery's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.012	/	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.

Electrum Discovery's Inventory to Revenue for the six months ended in Dec. 2023 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.

Electrum Discovery Days Inventory Related Terms

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

Electrum Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electrum Discovery Corp (TSXV:ELY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ELDCF:USA R8N:Germany

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.medgoldresources.com

Electrum Discovery Corp is a Canadian-based mineral exploration and development company focused on the Western Tethyan Belt with activities in the Republic of Serbia. The current focus of the company is its copper-gold Timok East Project and Novo Tlamino Project.

Executives

Ralph Rushton

Director

Electrum Discovery Headlines

No Headlines