Meridian Mining UK Societas (TSX:MNO) Days Inventory : 0.00 (As of Mar. 2024)

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What is Meridian Mining UK Societas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Meridian Mining UK Societas's Average Total Inventories for the three months ended in Mar. 2024 was C$0.00 Mil. Meridian Mining UK Societas's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.07 Mil. Hence, Meridian Mining UK Societas's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

During the past 13 years, Meridian Mining UK Societas's highest Days Inventory was 339.85. The lowest was 9.14. And the median was 72.10.

TSX:MNO's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.535
* Ranked among companies with meaningful Days Inventory only.

Meridian Mining UK Societas'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.

Meridian Mining UK Societas Days Inventory Historical Data

The historical data trend for Meridian Mining UK Societas'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.

Meridian Mining UK Societas Days Inventory Chart

Meridian Mining UK Societas Annual Data

Trend

Jan14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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9.14

146.94

83.77

Meridian Mining UK Societas 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 Meridian Mining UK Societas's Days Inventory

For the Other Industrial Metals & Mining subindustry, Meridian Mining UK Societas'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.

Meridian Mining UK Societas's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Meridian Mining UK Societas's Days Inventory falls into.

Meridian Mining UK Societas Days Inventory Calculation

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

Meridian Mining UK Societas'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 )	/	0.235	*	365
=	0					/	0.235	*	365
=	0.00

Meridian Mining UK Societas'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 )	/	0.066	*	365 / 4
=	0					/	0.066	*	365 / 4
=	0.00

Meridian Mining UK Societas (TSX:MNO) 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.

Meridian Mining UK Societas's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.066	/	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.

Meridian Mining UK Societas'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.

Meridian Mining UK Societas Days Inventory Related Terms

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

Meridian Mining UK Societas (TSX:MNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meridian Mining UK Societas (TSX:MNO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MRRDF:USA N2E:Germany

Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.meridianmining.co

Meridian Mining UK Societas along with its subsidiaries engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigao manganese project, the Ariquemes tin JV area, and adjacent areas in the state of Rondonia. It also undertakes the Cabacal Project, Mato Grosso.

Executives

William John Walker Skinner

Director

Meridian Mining UK Societas (TSX:MNO) Headlines

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