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Northern Minerals and Exploration (Northern Minerals and Exploration) Days Inventory : 0.00 (As of Jan. 2024)


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What is Northern Minerals and Exploration Days Inventory?

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

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

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

Northern Minerals and Exploration's Days Inventory stayed the same from Jan. 2023 (0.00) to Jan. 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.


Northern Minerals and Exploration Days Inventory Historical Data

The historical data trend for Northern Minerals and Exploration'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.

Northern Minerals and Exploration Days Inventory Chart

Northern Minerals and Exploration Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Days Inventory
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Northern Minerals and Exploration Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Northern Minerals and Exploration's Days Inventory

For the Other Precious Metals & Mining subindustry, Northern Minerals and Exploration'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.


Northern Minerals and Exploration's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Northern Minerals and Exploration's Days Inventory falls into.



Northern Minerals and Exploration Days Inventory Calculation

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

Northern Minerals and Exploration'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) / 1 ) / 0*365
=0 / 0*365
=N/A

Northern Minerals and Exploration's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

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


Northern Minerals and Exploration  (OTCPK:NMEX) 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.

Northern Minerals and Exploration's Inventory Turnover for the three months ended in Jan. 2024 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.

Northern Minerals and Exploration's Inventory to Revenue for the three months ended in Jan. 2024 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.


Northern Minerals and Exploration Days Inventory Related Terms

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


Northern Minerals and Exploration (Northern Minerals and Exploration) Business Description

Traded in Other Exchanges
N/A
Address
881 West State Road, Pleasant Grove, UT, USA, 84062
Northern Minerals and Exploration Ltd is an emerging natural resource company operating in oil and gas production in central Texas and exploration for gold and silver in northern Nevada.

Northern Minerals and Exploration (Northern Minerals and Exploration) Headlines