Double Deuce Exploration (XCNQ:DD) Total Inventories : C$0.00 Mil (As of Oct. 2024)

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What is Double Deuce Exploration Total Inventories?

Double Deuce Exploration's total inventories for the quarter that ended in Oct. 2024 was C$0.00 Mil. Double Deuce Exploration's average total inventories from the quarter that ended in Jul. 2024 to the quarter that ended in Oct. 2024 was C$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Double Deuce Exploration's Net-Net Working Capital per share for the quarter that ended in Oct. 2024 was C$-0.00.

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

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.

Double Deuce Exploration Total Inventories Historical Data

The historical data trend for Double Deuce Exploration's Total Inventories 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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Double Deuce Exploration Total Inventories Chart

Double Deuce Exploration Annual Data

Trend

Jul22

Jul23

Jul24

Total Inventories

Double Deuce Exploration Quarterly Data
	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Inventories	Get a 7-Day Free Trial				-	-	-	-	-

Double Deuce Exploration Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Double Deuce Exploration (XCNQ:DD) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Double Deuce Exploration's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2024 is

	Net-Net Working Capital Per Share (Q: Oct. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.028	+	0.75 * 0.01	+	0.5 * 0	-	0.038
-	0	-	0)	/	16.035
=	-0.00

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

Double Deuce Exploration's Days Inventory for the three months ended in Oct. 2024 is calculated as:

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

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Double Deuce Exploration's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2024 )	/	Average Total Inventories (Q: Oct. 2024 )
	=	0	/	0
	=	N/A

4. 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.

Double Deuce Exploration's Inventory to Revenue for the quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	0	/	0
	=

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Double Deuce Exploration Total Inventories Related Terms

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Double Deuce Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Double Deuce Exploration Corp (XCNQ:DD) » Definitions » Total Inventories

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Address

551 Howe Street, Suite 200, Vancouver, BC, CAN, V6C 2C2

Website

Double Deuce Exploration Corp is a company whose principal business activities include the acquisition and exploration of mineral property assets. The company has one project named Kimber Property that is in exploration stage which is located at Kimberley British Columbia.