First Helium (TSXV:HELI) Days Inventory : 0.00 (As of Dec. 2023)

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What is First Helium Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). First Helium's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. First Helium's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.32 Mil. Hence, First Helium's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for First Helium's Days Inventory or its related term are showing as below:

TSXV:HELI's Days Inventory is not ranked ^*
in the Chemicals industry.
Industry Median: 81.62
* Ranked among companies with meaningful Days Inventory only.

First Helium'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.

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. First Helium's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

First Helium Days Inventory Historical Data

The historical data trend for First Helium'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.

First Helium Days Inventory Chart

First Helium Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

First Helium Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											-	-	-	-	-

Competitive Comparison of First Helium's Days Inventory

For the Chemicals subindustry, First Helium'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.

First Helium's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, First Helium's Days Inventory distribution charts can be found below:

* The bar in red indicates where First Helium's Days Inventory falls into.

First Helium Days Inventory Calculation

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

First Helium's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2.467	*	365
=	0					/	2.467	*	365
=	0.00

First Helium'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.316	*	365 / 4
=	0					/	0.316	*	365 / 4
=	0.00

First Helium (TSXV:HELI) 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.

First Helium's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.316	/	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.

First Helium's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.304
	=	0.00

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.

First Helium Days Inventory Related Terms

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

First Helium (TSXV:HELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » First Helium Inc (TSXV:HELI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FHELF:USA 2MC:Germany

Address

800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6

Website

https://www.firsthelium.com

First Helium Inc is a Canadian company. The business is engaged in acquiring, exploring, evaluating, and developing helium property interests in Alberta. The company also produces Petroleum and natural gas as part of its operations. Its project includes the Worsley project and the Lethbridge project.

First Helium (TSXV:HELI) Headlines

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