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NOA Lithium Brines (TSXV:NOAL) Days Inventory : 0.00 (As of Mar. 2024)


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What is NOA Lithium Brines Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NOA Lithium Brines's Average Total Inventories for the three months ended in Mar. 2024 was C$0.00 Mil. NOA Lithium Brines's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.01 Mil. Hence, NOA Lithium Brines's Days Inventory for the three months ended in Mar. 2024 was 0.00.

The historical rank and industry rank for NOA Lithium Brines's Days Inventory or its related term are showing as below:

TSXV:NOAL's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.02
* Ranked among companies with meaningful Days Inventory only.

NOA Lithium Brines'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.


NOA Lithium Brines Days Inventory Historical Data

The historical data trend for NOA Lithium Brines'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.

NOA Lithium Brines Days Inventory Chart

NOA Lithium Brines Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
- - - - -

NOA Lithium Brines Quarterly Data
Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of NOA Lithium Brines's Days Inventory

For the Other Industrial Metals & Mining subindustry, NOA Lithium Brines'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.


NOA Lithium Brines's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where NOA Lithium Brines's Days Inventory falls into.



NOA Lithium Brines Days Inventory Calculation

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

NOA Lithium Brines'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 ) / 0.049*365
=0 / 0.049*365
=0.00

NOA Lithium Brines'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 ) / 0.014*365 / 4
=0 / 0.014*365 / 4
=0.00

* 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.


NOA Lithium Brines  (TSXV:NOAL) 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.

NOA Lithium Brines's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

NOA Lithium Brines's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


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.


NOA Lithium Brines Days Inventory Related Terms

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


NOA Lithium Brines (TSXV:NOAL) Business Description

Traded in Other Exchanges
Address
639 – 5th Avenue S.W, Suite 1250, Calgary, AB, CAN, T2P 0M9
NOA Lithium Brines Inc is a lithium exploration and development company formed to acquire assets with resource potential. The company's projects are in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations, managed by some of the players in the lithium industry.

NOA Lithium Brines (TSXV:NOAL) Headlines

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