Nevgold (TSXV:NAU) Days Inventory : 0.00 (As of Jun. 2024)

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What is Nevgold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nevgold's Average Total Inventories for the three months ended in Jun. 2024 was C$0.00 Mil. Nevgold's Cost of Goods Sold for the three months ended in Jun. 2024 was C$0.02 Mil. Hence, Nevgold's Days Inventory for the three months ended in Jun. 2024 was 0.00.

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

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

Nevgold'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.

Nevgold Days Inventory Historical Data

The historical data trend for Nevgold'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.

Nevgold Days Inventory Chart

Nevgold Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

Nevgold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Nevgold's Days Inventory

For the Other Precious Metals & Mining subindustry, Nevgold'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.

Nevgold's Days Inventory Distribution in the Metals & Mining Industry

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

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

Nevgold Days Inventory Calculation

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

Nevgold'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 )	/	0.068	*	365
=	0					/	0.068	*	365
=	0.00

Nevgold'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 )	/	0.017	*	365 / 4
=	0					/	0.017	*	365 / 4
=	0.00

Nevgold (TSXV:NAU) 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.

Nevgold's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.017	/	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.

Nevgold's Inventory to Revenue for the three months ended in Jun. 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.

Nevgold Days Inventory Related Terms

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

Nevgold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NAUFF:USA 5E50:Germany

Address

200 Burrard Street, Suite 250, Vancouver, BC, CAN, V6C 3L6

Website

https://www.nev-gold.com

Nevgold Corp is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and British Columbia. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash Projects in Nevada, and the Ptarmigan silver polymetallic project in Southeast British Columbia. The Company operates in one business segment which is exploration and development of resource property in Canada and the US.

Executives

Brandon Gennaro Bonifacio	Senior Officer
Giulio Bonifacio	Director

Nevgold Headlines

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