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Laurion Mineral Exploration (TSXV:LME) Days Inventory : 0.00 (As of Dec. 2023)


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What is Laurion Mineral Exploration Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Laurion Mineral Exploration's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. Laurion Mineral Exploration's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil.

The historical rank and industry rank for Laurion Mineral Exploration's Days Inventory or its related term are showing as below:

TSXV:LME's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.64
* Ranked among companies with meaningful Days Inventory only.

Laurion Mineral Exploration's Days Inventory stayed the same from Dec. 2022 (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.


Laurion Mineral Exploration Days Inventory Historical Data

The historical data trend for Laurion Mineral Exploration'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.

Laurion Mineral Exploration Days Inventory Chart

Laurion Mineral Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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Laurion Mineral Exploration Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Laurion Mineral Exploration's Days Inventory

For the Gold subindustry, Laurion Mineral Exploration'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.


Laurion Mineral Exploration's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Laurion Mineral Exploration's Days Inventory falls into.



Laurion Mineral Exploration Days Inventory Calculation

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

Laurion Mineral Exploration'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*365
=0 / 0*365
=N/A

Laurion Mineral Exploration'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0*365 / 4
=0 / 0*365 / 4
=N/A

* 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.


Laurion Mineral Exploration  (TSXV:LME) 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.

Laurion Mineral Exploration's Inventory Turnover for the three months ended in Dec. 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.

Laurion Mineral Exploration's Inventory to Revenue for the three months ended in Dec. 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.


Laurion Mineral Exploration Days Inventory Related Terms

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


Laurion Mineral Exploration (TSXV:LME) Business Description

Traded in Other Exchanges
Address
40 King Street West, Suite 5800, Scotia Plaza, Toronto, ON, CAN, M5H 3S1
Laurion Mineral Exploration Inc is a Canadian based exploration company. It is engaged in the acquisition, exploration and development of mineral resource properties. The company has key interests in prospective mining properties of the Ishkoday gold project and the Midlothian and Doon property.

Laurion Mineral Exploration (TSXV:LME) Headlines

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