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Signature Resources (TSXV:SGU) Days Inventory : 0.00 (As of Jan. 2024)


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What is Signature Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Signature Resources's Average Total Inventories for the three months ended in Jan. 2024 was C$0.00 Mil. Signature Resources's Cost of Goods Sold for the three months ended in Jan. 2024 was C$0.09 Mil. Hence, Signature Resources's Days Inventory for the three months ended in Jan. 2024 was 0.00.

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

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

Signature Resources's Days Inventory stayed the same from Jan. 2023 (0.00) to Jan. 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.


Signature Resources Days Inventory Historical Data

The historical data trend for Signature Resources'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.

Signature Resources Days Inventory Chart

Signature Resources Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Days Inventory
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Signature Resources Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Signature Resources's Days Inventory

For the Gold subindustry, Signature Resources'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.


Signature Resources's Days Inventory Distribution in the Metals & Mining Industry

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

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



Signature Resources Days Inventory Calculation

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

Signature Resources's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

Days Inventory (A: Oct. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Oct. 2022 ) + Total Inventories (A: Oct. 2023 )) / count ) / Cost of Goods Sold (A: Oct. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.357*365
=0 / 0.357*365
=0.00

Signature Resources's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

Days Inventory (Q: Jan. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Oct. 2023 ) + Total Inventories (Q: Jan. 2024 )) / count ) / Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.085*365 / 4
=0 / 0.085*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.


Signature Resources  (TSXV:SGU) 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.

Signature Resources's Inventory Turnover for the three months ended in Jan. 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.

Signature Resources's Inventory to Revenue for the three months ended in Jan. 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.


Signature Resources Days Inventory Related Terms

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


Signature Resources (TSXV:SGU) Business Description

Traded in Other Exchanges
Address
401 Bay Street, Box 4, Suite 2704, Toronto, ON, CAN, M5H 2Y4
Signature Resources Ltd is a Canadian based advanced stage exploration company focused on expanding the 100% owned Lingman Lake Gold zone, located within the prolific Red Lake district in Northwestern Ontario, Canada. The project has a 234,000 ounce historical high-grade gold resource estimate that is contained within the first 180 meters of surface and open in all directions. The company is focused on rapidly expanding the known mineralized envelope with its 100% owned diamond drill rig and aims to publish a maiden NI 43-101 compliant resource in 2022.
Executives
Robert Vallis Director, Senior Officer