Nevada King Gold (TSXV:NKG) Days Inventory : 0.00 (As of Dec. 2023)

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What is Nevada King Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nevada King Gold's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. Nevada King Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Nevada King Gold's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

TSXV:NKG's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.5
* Ranked among companies with meaningful Days Inventory only.

Nevada King Gold's Days Inventory stayed the same from Sep. 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.

Nevada King Gold Days Inventory Historical Data

The historical data trend for Nevada King 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.

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Nevada King Gold Days Inventory Chart

Nevada King Gold Annual Data

Trend

Mar14

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Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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Nevada King Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Nevada King Gold's Days Inventory

For the Other Industrial Metals & Mining subindustry, Nevada King 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.

Nevada King Gold's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nevada King Gold's Days Inventory falls into.

Nevada King Gold Days Inventory Calculation

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

Nevada King Gold's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.037	*	365
=	0					/	0.037	*	365
=	0.00

Nevada King Gold'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 )	/	0.012	*	365 / 4
=	0					/	0.012	*	365 / 4
=	0.00

Nevada King Gold (TSXV:NKG) 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.

Nevada King Gold's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.012	/	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.

Nevada King Gold's Inventory to Revenue for the three months ended in Dec. 2023 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.

Nevada King Gold Days Inventory Related Terms

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

Nevada King Gold (TSXV:NKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada King Gold Corp (TSXV:NKG) » Definitions » Days Inventory

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Traded in Other Exchanges

NKGFF:USA

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V7X 1L4

Website

https://www.nevadaking.ca

Nevada King Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties in Nevada. The company's project portfolio includes Atlanta, Lewis, Horse Mtn. mill creek, iron and other seven projects.

Executives

Michael A Parker

10% Security Holder