WDGRF (Wedgemount Resources) Days Inventory : 517.67 (As of Apr. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Wedgemount Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wedgemount Resources's Average Total Inventories for the three months ended in Apr. 2024 was $0.30 Mil. Wedgemount Resources's Cost of Goods Sold for the three months ended in Apr. 2024 was $0.05 Mil. Hence, Wedgemount Resources's Days Inventory for the three months ended in Apr. 2024 was 517.67.

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

WDGRF' s Days Inventory Range Over the Past 10 Years
Min: 508.98 Med: 775.63 Max: 775.63
Current: 508.98

During the past 3 years, Wedgemount Resources's highest Days Inventory was 775.63. The lowest was 508.98. And the median was 775.63.

WDGRF's Days Inventory is ranked worse than
98.15% of 704 companies
in the Oil & Gas industry
Industry Median: 31.715 vs WDGRF: 508.98

Wedgemount Resources's Days Inventory increased from Apr. 2023 (0.00) to Apr. 2024 (517.67). It might indicate that Wedgemount Resources's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wedgemount Resources's Inventory Turnover for the three months ended in Apr. 2024 was 0.18.

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. Wedgemount Resources's Inventory-to-Revenue for the three months ended in Apr. 2024 was 1.25.

Wedgemount Resources Days Inventory Historical Data

The historical data trend for Wedgemount 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.

Wedgemount Resources Days Inventory Chart

Wedgemount Resources Annual Data

Trend

Jul21

Jul22

Jul23

Days Inventory

782.14

Wedgemount Resources Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Days Inventory	Get a 7-Day Free Trial									-	234.64	248.76	988.54	517.67

Competitive Comparison of Wedgemount Resources's Days Inventory

For the Oil & Gas E&P subindustry, Wedgemount 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.

Wedgemount Resources's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Wedgemount Resources's Days Inventory distribution charts can be found below:

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

Wedgemount Resources Days Inventory Calculation

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

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

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (0	+	0.09)	/	1 )	/	0.042	*	365
=	0.09					/	0.042	*	365
=	782.14

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

	Days Inventory (Q: Apr. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jan. 2024 )	+	Total Inventories (Q: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
=	( (0.251	+	0.339)	/	2 )	/	0.052	*	365 / 4
=	0.295					/	0.052	*	365 / 4
=	517.67

Wedgemount Resources (OTCPK:WDGRF) 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.

Wedgemount Resources's Inventory Turnover for the three months ended in Apr. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.052	/	0.295
	=	0.18

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.

Wedgemount Resources's Inventory to Revenue for the three months ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.295	/	0.236
	=	1.25

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.

Wedgemount Resources Days Inventory Related Terms

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

Wedgemount Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wedgemount Resources Corp (OTCPK:WDGRF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WDGY:Canada

Address

40440 Thunderbird Ridge B1831, Garibaldi Highlands, Squamish, BC, CAN, V0N 1T0

Website

https://www.wedgemountresources.com

Wedgemount Resources Corp is a Vancouver based company engaged in the exploration for and the development of petroleum and natural gas in the U.S.A. The company's project includes Willowbend and Millican Projects. The company is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties.