G Mining Ventures (TSX:GMIN) Days Inventory : 26,105.59 (As of Mar. 2024)

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What is G Mining Ventures Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). G Mining Ventures's Average Total Inventories for the three months ended in Mar. 2024 was C$17.74 Mil. G Mining Ventures's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.06 Mil. Hence, G Mining Ventures's Days Inventory for the three months ended in Mar. 2024 was 26,105.59.

The historical rank and industry rank for G Mining Ventures's Days Inventory or its related term are showing as below:

TSX:GMIN' s Days Inventory Range Over the Past 10 Years
Min: 21535.47 Med: 32243.68 Max: 32243.68
Current: 21535.47

During the past 5 years, G Mining Ventures's highest Days Inventory was 32243.68. The lowest was 21535.47. And the median was 32243.68.

TSX:GMIN's Days Inventory is ranked worse than
99.7% of 660 companies
in the Metals & Mining industry
Industry Median: 88.655 vs TSX:GMIN: 21535.47

G Mining Ventures's Days Inventory increased from Mar. 2023 (1,242.89) to Mar. 2024 (26,105.59). It might indicate that G Mining Ventures's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. G Mining Ventures's Inventory Turnover for the three months ended in Mar. 2024 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.

G Mining Ventures Days Inventory Historical Data

The historical data trend for G Mining Ventures'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.

G Mining Ventures Days Inventory Chart

G Mining Ventures Annual Data

Trend

Oct18

Oct19

Oct20

Dec22

Dec23

Days Inventory

32,243.68

G Mining Ventures Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															1,242.89	4,773.32	14,052.50	25,530.04	26,105.59

Competitive Comparison of G Mining Ventures's Days Inventory

For the Other Precious Metals & Mining subindustry, G Mining Ventures'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.

G Mining Ventures's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where G Mining Ventures's Days Inventory falls into.

G Mining Ventures Days Inventory Calculation

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

G Mining Ventures'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	+	10.689)	/	1 )	/	0.121	*	365
=	10.689					/	0.121	*	365
=	32,243.68

G Mining Ventures'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
=	( (10.689	+	24.786)	/	2 )	/	0.062	*	365 / 4
=	17.7375					/	0.062	*	365 / 4
=	26,105.59

G Mining Ventures (TSX:GMIN) 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.

G Mining Ventures's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.062	/	17.7375
	=	0.00

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.

G Mining Ventures's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17.7375	/	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.

G Mining Ventures Days Inventory Related Terms

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

G Mining Ventures (TSX:GMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G Mining Ventures Corp (TSX:GMIN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GMINF:USA 0WQ0:Germany

Address

7900 Boul. Taschereau, Building D, Suite 210, Brossard, QC, CAN, J4X 1C2

Website

https://www.gminingventures.com

G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.

Executives

Julie-anais Debreil

Senior Officer

G Mining Ventures (TSX:GMIN) Headlines

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