Argo Gold (XCNQ:ARQ) Days Inventory : 0.00 (As of Mar. 2024)

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What is Argo Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Argo Gold's Average Total Inventories for the three months ended in Mar. 2024 was C$0.00 Mil. Argo Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.24 Mil. Hence, Argo Gold's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

XCNQ:ARQ's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 87.85
* Ranked among companies with meaningful Days Inventory only.

Argo Gold'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. Argo Gold's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Argo Gold Days Inventory Historical Data

The historical data trend for Argo Gold'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.

Argo Gold Days Inventory Chart

Argo Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Argo Gold 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 Argo Gold's Days Inventory

For the Gold subindustry, Argo Gold'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.

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

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

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

Argo Gold Days Inventory Calculation

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

Argo Gold'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 )	/	0.29	*	365
=	0					/	0.29	*	365
=	0.00

Argo Gold'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 )	/	0.239	*	365 / 4
=	0					/	0.239	*	365 / 4
=	0.00

Argo Gold (XCNQ:ARQ) 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.

Argo Gold's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.239	/	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.

Argo Gold's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.521
	=	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.

Argo Gold Days Inventory Related Terms

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

Argo Gold (XCNQ:ARQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argo Gold Inc (XCNQ:ARQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ARBTF:USA P3U:Germany

Address

350 Bay Street, Suite 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.argogold.com

Argo Gold Inc is focused on gold exploration projects in central and northwestern Ontario. It is engaged in the acquisition, exploration, and development of mineral properties. Its projects include Uchi Gold Project; Woco Zone in the Uchi Gold Project, and Northgate Zone Uchi Gold Project, NW Ontario Gold Projects, Talbot Lake Gold Project, Angela Lake Gold Project, Zinc Silver Cobalt Projects, Hurdman Zinc-Silver Property, and Keelow Lake Project.

Executives

Judith Catharine Baker

Director