New Target Mining (TSXV:NEW.H) Days Inventory : 0.00 (As of Oct. 2024)

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What is New Target Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Target Mining's Average Total Inventories for the three months ended in Oct. 2024 was C$0.00 Mil. New Target Mining's Cost of Goods Sold for the three months ended in Oct. 2024 was C$0.00 Mil.

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

TSXV:NEW.H's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 86.975
* Ranked among companies with meaningful Days Inventory only.

New Target Mining's Days Inventory stayed the same from Oct. 2023 (0.00) to Oct. 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.

New Target Mining Days Inventory Historical Data

The historical data trend for New Target Mining'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.

New Target Mining Days Inventory Chart

New Target Mining Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

Days Inventory

New Target Mining Quarterly Data
	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Inventory	Get a 7-Day Free Trial												-	-	-	-	-

Competitive Comparison of New Target Mining's Days Inventory

For the Other Industrial Metals & Mining subindustry, New Target Mining'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.

New Target Mining's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where New Target Mining's Days Inventory falls into.

New Target Mining Days Inventory Calculation

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

New Target Mining's Days Inventory for the fiscal year that ended in Oct. 2024 is calculated as

	Days Inventory (A: Oct. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2023 )	+	Total Inventories (A: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

New Target Mining's Days Inventory for the quarter that ended in Oct. 2024 is calculated as:

	Days Inventory (Q: Oct. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2024 )	+	Total Inventories (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

New Target Mining (TSXV:NEW.H) 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.

New Target Mining's Inventory Turnover for the three months ended in Oct. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	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.

New Target Mining's Inventory to Revenue for the three months ended in Oct. 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.

New Target Mining Days Inventory Related Terms

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

New Target Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Target Mining Corp (TSXV:NEW.H) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.newtargetmining.com

New Target Mining Corp. is a Canada-based exploration stage junior mining company. The Company is engaged in the identification, acquisition and exploration of mineral properties in Canada. The Company's asset includes the Scarlett Gold Property, which consists of ten mining claims, of the land located in the New Westminster Mining Division, Mission, British Columbia. The Scarlett Gold Property claims are located approximately 65 kilometers from Vancouver, British Columbia.

New Target Mining Headlines

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