Glen Eagle Resources (TSXV:GER) Days Inventory : 39.52 (As of Sep. 2023)

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What is Glen Eagle Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Glen Eagle Resources's Average Total Inventories for the three months ended in Sep. 2023 was C$0.06 Mil. Glen Eagle Resources's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.13 Mil. Hence, Glen Eagle Resources's Days Inventory for the three months ended in Sep. 2023 was 39.52.

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

TSXV:GER' s Days Inventory Range Over the Past 10 Years
Min: 24.45 Med: 34.26 Max: 45.32
Current: 41.59

During the past 13 years, Glen Eagle Resources's highest Days Inventory was 45.32. The lowest was 24.45. And the median was 34.26.

TSXV:GER's Days Inventory is ranked better than
80.24% of 663 companies
in the Metals & Mining industry
Industry Median: 88.57 vs TSXV:GER: 41.59

Glen Eagle Resources's Days Inventory declined from Sep. 2022 (85.95) to Sep. 2023 (39.52).

Inventory Turnover measures how fast the company turns over its inventory within a year. Glen Eagle Resources's Inventory Turnover for the three months ended in Sep. 2023 was 2.31.

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. Glen Eagle Resources's Inventory-to-Revenue for the three months ended in Sep. 2023 was 55.00.

Glen Eagle Resources Days Inventory Historical Data

The historical data trend for Glen Eagle 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.

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Glen Eagle Resources Days Inventory Chart

Glen Eagle Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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28.08

33.45

35.07

45.32

40.63

Glen Eagle Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															85.95	39.74	35.76	39.80	39.52

Competitive Comparison of Glen Eagle Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Glen Eagle 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.

Glen Eagle Resources's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Glen Eagle Resources's Days Inventory falls into.

Glen Eagle Resources Days Inventory Calculation

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

Glen Eagle Resources's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.29	+	0.176)	/	2 )	/	2.093	*	365
=	0.233					/	2.093	*	365
=	40.63

Glen Eagle Resources's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.102	+	0.008)	/	2 )	/	0.127	*	365 / 4
=	0.055					/	0.127	*	365 / 4
=	39.52

Glen Eagle Resources (TSXV:GER) 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.

Glen Eagle Resources's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.127	/	0.055
	=	2.31

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.

Glen Eagle Resources's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.055	/	0.001
	=	55.00

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.

Glen Eagle Resources Days Inventory Related Terms

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

Glen Eagle Resources (TSXV:GER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glen Eagle Resources Inc (TSXV:GER) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GERFF:USA

Address

3650 F Boulevard Matte, Brossard, QC, CAN, J4Y 2Z2

Website

https://www.gleneagleresources.ca

Glen Eagle Resources Inc is a Canada-based company engaged in the acquisition, exploration and evaluation of mining properties. The company currently operates in two segments which are the acquisition, exploration, evaluation, and development of mineral properties, recovery of gold and silver from tailings and recovery of gold from rocks. The corporation's activities are conducted in Quebec (Canada), and Honduras. Its properties include Moose Lake in Canada; Project Cobra Oro 1, and Project Cobra Oro 2 in Honduras.

Executives

Guy Chamard

Director