Zhen Ding Resources (Zhen Ding Resources) Days Inventory : 0.00 (As of Mar. 2024)

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What is Zhen Ding Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhen Ding Resources's Average Total Inventories for the three months ended in Mar. 2024 was $0.00 Mil. Zhen Ding Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.00 Mil.

The historical rank and industry rank for Zhen Ding Resources's Days Inventory or its related term are showing as below:

During the past 13 years, Zhen Ding Resources's highest Days Inventory was 75.78. The lowest was 75.78. And the median was 75.78.

RBTK's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 87.85
* Ranked among companies with meaningful Days Inventory only.

Zhen Ding Resources's Days Inventory stayed the same from Mar. 2023 (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.

Zhen Ding Resources Days Inventory Historical Data

The historical data trend for Zhen Ding Resources'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.

Zhen Ding Resources Days Inventory Chart

Zhen Ding Resources Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Zhen Ding Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Zhen Ding Resources's Days Inventory

For the Gold subindustry, Zhen Ding Resources'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.

Zhen Ding Resources's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Zhen Ding Resources's Days Inventory falls into.

Zhen Ding Resources Days Inventory Calculation

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

Zhen Ding Resources's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

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

Zhen Ding Resources'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: Dec. 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

Zhen Ding Resources (OTCPK:RBTK) 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.

Zhen Ding Resources'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.

Zhen Ding Resources'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.

Zhen Ding Resources Days Inventory Related Terms

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

Zhen Ding Resources (Zhen Ding Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhen Ding Resources Inc (OTCPK:RBTK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3900 Place De Java, Second Floor, Suite 111, Brossard, QC, CAN, J4Y OC4

Website

https://www.zhendingresources.com

Zhen Ding Resources Inc, through its subsidiary, is involved in the business of gold and copper mining, development, and production in China and Southeast Asia. The company's one of the project is Wuxi gold project, which is located in Jingxian county, situated in the southeastern part of Anhui Province, PRC.

Zhen Ding Resources (Zhen Ding Resources) Headlines

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