Troy Minerals (XCNQ:TROY) Days Inventory : 0.00 (As of Feb. 2024)

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What is Troy Minerals Days Inventory?

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

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

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

Troy Minerals's Days Inventory stayed the same from Feb. 2023 (0.00) to Feb. 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.

Troy Minerals Days Inventory Historical Data

The historical data trend for Troy Minerals'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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Troy Minerals Days Inventory Chart

Troy Minerals Annual Data

Trend

May22

May23

Days Inventory

Troy Minerals Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Troy Minerals's Days Inventory

For the Gold subindustry, Troy Minerals'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.

Troy Minerals's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Troy Minerals's Days Inventory falls into.

Troy Minerals Days Inventory Calculation

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

Troy Minerals's Days Inventory for the fiscal year that ended in May. 2023 is calculated as

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

Troy Minerals's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

	Days Inventory (Q: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Troy Minerals (XCNQ:TROY) 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.

Troy Minerals's Inventory Turnover for the three months ended in Feb. 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.

Troy Minerals's Inventory to Revenue for the three months ended in Feb. 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.

Troy Minerals Days Inventory Related Terms

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

Troy Minerals (XCNQ:TROY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Troy Minerals Inc (XCNQ:TROY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TROYF:USA VJ3:Germany

Address

c/o 750 West Pender Street, Suite 1200, Vancouver, BC, CAN, V6C 2T8

Website

https://www.troyminerals.com

Troy Minerals Inc is a mining exploration company engaged in the identification, acquisition, evaluation, and exploration of mineral properties located in British Columbia, Canada. The company holds 100% interest in the Green Gold Property which consists of 12 mineral claims covering an area of approximately 7,587 hectares located near Prince George, British Columbia.

Executives

Rana Gurvinder Vig

Director, Senior Officer

Troy Minerals (XCNQ:TROY) Headlines

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