Abitibi Metals (XCNQ:AMQ) Days Inventory : 0.00 (As of Mar. 2024)

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What is Abitibi Metals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abitibi Metals's Average Total Inventories for the three months ended in Mar. 2024 was C$0.00 Mil. Abitibi Metals'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 Abitibi Metals's Days Inventory or its related term are showing as below:

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

Abitibi Metals's Days Inventory stayed the same from Dec. 2022 (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.

Abitibi Metals Days Inventory Historical Data

The historical data trend for Abitibi Metals'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.

Abitibi Metals Days Inventory Chart

Abitibi Metals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

Abitibi Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Abitibi Metals's Days Inventory

For the Gold subindustry, Abitibi Metals'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.

Abitibi Metals's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Abitibi Metals's Days Inventory falls into.

Abitibi Metals Days Inventory Calculation

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

Abitibi Metals's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

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

Abitibi Metals'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: Sep. 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

Abitibi Metals (XCNQ:AMQ) 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.

Abitibi Metals'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.

Abitibi Metals'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.

Abitibi Metals Days Inventory Related Terms

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

Abitibi Metals (XCNQ:AMQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abitibi Metals Corp (XCNQ:AMQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AMQFF:USA FW0:Germany

Address

1231 Huron Street, London, ON, CAN, N5Y 4L1

Website

https://www.abitibimetals.com

Abitibi Metals Corp is engaged in the business of acquisition, exploration, and development of mining properties in Ontario and Quebec. Its mineral properties include Horizon Property, Southern Arm Property, Quevillon West Property, Bonanza Property and others.

Executives

Quinn Field-dyte

Director, Senior Officer

Abitibi Metals (XCNQ:AMQ) Headlines

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