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Lake Victoria Gold (TSXV:LVG) Days Inventory : 0.00 (As of Jun. 2024)


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What is Lake Victoria Gold Days Inventory?

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

The historical rank and industry rank for Lake Victoria Gold's Days Inventory or its related term are showing as below:

TSXV:LVG's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 86.88
* Ranked among companies with meaningful Days Inventory only.

Lake Victoria Gold's Days Inventory stayed the same from Jun. 2023 (0.00) to Jun. 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.


Lake Victoria Gold Days Inventory Historical Data

The historical data trend for Lake Victoria Gold'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.

Lake Victoria Gold Days Inventory Chart

Lake Victoria Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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Lake Victoria Gold Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Lake Victoria Gold's Days Inventory

For the Gold subindustry, Lake Victoria Gold'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.


Lake Victoria Gold's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lake Victoria Gold's Days Inventory falls into.



Lake Victoria Gold Days Inventory Calculation

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

Lake Victoria Gold'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 ) / 0.029*365
=0 / 0.029*365
=0.00

Lake Victoria Gold's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

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


Lake Victoria Gold  (TSXV:LVG) 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.

Lake Victoria Gold's Inventory Turnover for the three months ended in Jun. 2024 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.

Lake Victoria Gold's Inventory to Revenue for the three months ended in Jun. 2024 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.


Lake Victoria Gold Days Inventory Related Terms

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


Lake Victoria Gold Business Description

Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7
Lake Victoria Gold Ltd is a junior mineral exploration company. It is engaged in the acquisition and exploration of mineral properties located in Tanzania. The company focuses on gold exploration and development. Its project includes the Tembo Gold Project located in northwest Tanzania. The Company operates in one reportable segment, the exploration and development of unproven exploration and evaluation assets.
Executives
Simon Charles Benstead 10% Security Holder, Director, Senior Officer
Marc Cernovitch Director

Lake Victoria Gold Headlines

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