MAX Resource (TSXV:MAX) Days Inventory : 0.00 (As of Mar. 2024)

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What is MAX Resource Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MAX Resource's Average Total Inventories for the three months ended in Mar. 2024 was C$0.00 Mil. MAX Resource's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.03 Mil. Hence, MAX Resource's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

TSXV:MAX's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 87.68
* Ranked among companies with meaningful Days Inventory only.

MAX Resource'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.

MAX Resource Days Inventory Historical Data

The historical data trend for MAX Resource'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.

MAX Resource Days Inventory Chart

MAX Resource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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MAX Resource 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 MAX Resource's Days Inventory

For the Other Precious Metals & Mining subindustry, MAX Resource'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.

MAX Resource's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where MAX Resource's Days Inventory falls into.

MAX Resource Days Inventory Calculation

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

MAX Resource'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 )	/	0.121	*	365
=	0					/	0.121	*	365
=	0.00

MAX Resource'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 )	/	0.027	*	365 / 4
=	0					/	0.027	*	365 / 4
=	0.00

MAX Resource (TSXV:MAX) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.027	/	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.

MAX Resource'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.

MAX Resource Days Inventory Related Terms

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

MAX Resource (TSXV:MAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MAX Resource Corp (TSXV:MAX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MXROF:USA M1D2:Germany

Address

1095 West Pender Street, Suite 1188, Vancouver, BC, CAN, V6E 2M6

Website

https://www.maxresource.com

MAX Resource Corp is a mineral exploration company advancing the newly discovered district-scale Cesar copper-silver project. Its Cesar project sits along with the Colombian portion of the largest producing copper belt (Andean belt), with infrastructure and the presence of global majors (Glencore and Chevron). The company holds a 100% interest in the RT Gold project in Peru. It has one operating segment which is the exploration of resource properties.