Visible Gold Mines (TSXV:VGD) Days Inventory : 0.00 (As of Jan. 2024)

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What is Visible Gold Mines Days Inventory?

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

The historical rank and industry rank for Visible Gold Mines's Days Inventory or its related term are showing as below:

TSXV:VGD's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.19
* Ranked among companies with meaningful Days Inventory only.

Visible Gold Mines's Days Inventory stayed the same from Jan. 2023 (0.00) to Jan. 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.

Visible Gold Mines Days Inventory Historical Data

The historical data trend for Visible Gold Mines'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.

Visible Gold Mines Days Inventory Chart

Visible Gold Mines Annual Data

Trend

Jul14

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Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Inventory

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Visible Gold Mines Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Visible Gold Mines's Days Inventory

For the Gold subindustry, Visible Gold Mines'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.

Visible Gold Mines's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Visible Gold Mines's Days Inventory distribution charts can be found below:

* The bar in red indicates where Visible Gold Mines's Days Inventory falls into.

Visible Gold Mines Days Inventory Calculation

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

Visible Gold Mines's Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.005	*	365
=	0					/	0.005	*	365
=	0.00

Visible Gold Mines's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.005	*	365 / 4
=	0					/	0.005	*	365 / 4
=	0.00

Visible Gold Mines (TSXV:VGD) 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.

Visible Gold Mines's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.005	/	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.

Visible Gold Mines's Inventory to Revenue for the three months ended in Jan. 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.

Visible Gold Mines Days Inventory Related Terms

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

Visible Gold Mines (TSXV:VGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Visible Gold Mines Inc (TSXV:VGD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VGMIF:USA 3V41:Germany

Address

147 Quebec Avenue (porte arriere), Rouyn-Noranda, QC, CAN, J9X 6M8

Website

https://www.visiblegoldmines.com

Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment. Its properties include CarLi Project, Piko Property, NataLi Project, Veronik, Piko, Horsefly, Hazeur and others.

Executives

Sylvain Champagne

Director, Senior Officer

Visible Gold Mines (TSXV:VGD) Headlines

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