Premier African Minerals (LSE:PREM) Days Inventory : 0.00 (As of Jun. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Premier African Minerals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Premier African Minerals's Average Total Inventories for the six months ended in Jun. 2023 was £0.42 Mil. Premier African Minerals's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.00 Mil.

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

During the past 12 years, Premier African Minerals's highest Days Inventory was 54.36. The lowest was 26.38. And the median was 44.17.

LSE:PREM's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.5
* Ranked among companies with meaningful Days Inventory only.

Premier African Minerals's Days Inventory stayed the same from Jun. 2022 (0.00) to Jun. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Premier African Minerals's Inventory Turnover for the six months ended in Jun. 2023 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.

Premier African Minerals Days Inventory Historical Data

The historical data trend for Premier African Minerals'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.

Premier African Minerals Days Inventory Chart

Premier African Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

54.36

Premier African Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Premier African Minerals's Days Inventory

For the Other Industrial Metals & Mining subindustry, Premier African Minerals'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.

Premier African Minerals's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Premier African Minerals's Days Inventory falls into.

Premier African Minerals Days Inventory Calculation

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

Premier African Minerals'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	+	0.009)	/	1 )	/	0	*	365
=	0.009					/	0	*	365
=	N/A

Premier African Minerals's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.009	+	0.823)	/	2 )	/	0	*	365 / 2
=	0.416					/	0	*	365 / 2
=	N/A

Premier African Minerals (LSE:PREM) 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.

Premier African Minerals's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0.416
	=	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.

Premier African Minerals's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.416	/	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.

Premier African Minerals Days Inventory Related Terms

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

Premier African Minerals (LSE:PREM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premier African Minerals Ltd (LSE:PREM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0PA:Germany

Address

Craigmuir Chambers, P.O. Box 71, Tortola, Road Town, VGB, VG 1110

Website

https://www.premierafricanminerals.com

Premier African Minerals Ltd is a mining company that explores, evaluates, and develops mineral properties focused mainly on tungsten, lithium and tantalum, nickel, and rare earth elements in Africa. The company operates in three segments: RHA and RHA Mauritius, which is engaged in the development and mining of Wolframite; Zulu and Zulu Mauritius, which is engaged in the development of Lithium and Tantalite; and Head office.

Premier African Minerals (LSE:PREM) Headlines

No Headlines