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Ionic Rare Earths (Ionic Rare Earths) Days Inventory : 0.00 (As of Dec. 2023)


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What is Ionic Rare Earths Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ionic Rare Earths's Average Total Inventories for the six months ended in Dec. 2023 was $0.53 Mil. Ionic Rare Earths's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.00 Mil.

The historical rank and industry rank for Ionic Rare Earths's Days Inventory or its related term are showing as below:

IXRRF's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.19
* Ranked among companies with meaningful Days Inventory only.

Ionic Rare Earths's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ionic Rare Earths's Inventory Turnover for the six months ended in Dec. 2023 was 0.00.

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.


Ionic Rare Earths Days Inventory Historical Data

The historical data trend for Ionic Rare Earths'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.

Ionic Rare Earths Days Inventory Chart

Ionic Rare Earths Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
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Ionic Rare Earths Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Ionic Rare Earths's Days Inventory

For the Other Industrial Metals & Mining subindustry, Ionic Rare Earths'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.


Ionic Rare Earths's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Ionic Rare Earths's Days Inventory falls into.



Ionic Rare Earths Days Inventory Calculation

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

Ionic Rare Earths'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 + 0.533) / 1 ) / 0*365
=0.533 / 0*365
=N/A

Ionic Rare Earths's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.533 + 0.52) / 2 ) / 0*365 / 2
=0.5265 / 0*365 / 2
=N/A

* 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.


Ionic Rare Earths  (OTCPK:IXRRF) 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.

Ionic Rare Earths's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Ionic Rare Earths's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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.


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.


Ionic Rare Earths Days Inventory Related Terms

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


Ionic Rare Earths (Ionic Rare Earths) Business Description

Traded in Other Exchanges
Address
259 Colins Street, Level 5 South, Melbourne, VIC, AUS, 3000
Ionic Rare Earths Ltd is a mineral exploration company, Its projects include the Makuutu project and San Isidro. The company operates in Australia and Nicaragua and Uganda.

Ionic Rare Earths (Ionic Rare Earths) Headlines