Taranis Resources (TSXV:TRO) Days Inventory : 0.00 (As of Mar. 2024)

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What is Taranis Resources Days Inventory?

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

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

TSXV:TRO's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.02
* Ranked among companies with meaningful Days Inventory only.

Taranis Resources'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.

Taranis Resources Days Inventory Historical Data

The historical data trend for Taranis 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.

Taranis Resources Days Inventory Chart

Taranis Resources Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Taranis Resources 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 Taranis Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Taranis 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.

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

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

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

Taranis Resources Days Inventory Calculation

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

Taranis Resources'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	*	365
=	0					/	0	*	365
=	N/A

Taranis Resources'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	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Taranis Resources (TSXV:TRO) 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.

Taranis Resources's Inventory Turnover for the three months ended in Mar. 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.

Taranis Resources'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.

Taranis Resources Days Inventory Related Terms

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

Taranis Resources (TSXV:TRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taranis Resources Inc (TSXV:TRO) » Definitions » Days Inventory

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Traded in Other Exchanges

TNREF:USA

Address

681 Conifer Lane, Estes Park, CO, USA, 80517

Website

http://www.taranisresources.com

Taranis Resources Inc is a Canada based exploration stage company. The business activity of the group is operated through one reportable operating segment, which is the acquisition and exploration of mineral properties. The company holds an interest in Thor property, which is located in Revelstoke mining district of British Columbia.

Executives

James Wadhams Stuckert

10% Security Holder

Taranis Resources (TSXV:TRO) Headlines

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