Days Inventory is also known as Days Sales of Inventory (DSI). Argonaut Gold's Average Total Inventories for the
three
months ended in Dec. 2023 was $116.5 Mil. Argonaut Gold's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $105.5 Mil.
Hence, Argonaut Gold's Days Inventory for the
three
months ended in Dec. 2023 was 100.78.
The historical rank and industry rank for Argonaut Gold's Days Inventory or its related term are showing as below:
ARNGF'
s Days Inventory Range Over the Past 10 Years
Min: 90.36 Med: 126.09 Max: 195.8
Current: 118.28
During the past 13 years, Argonaut Gold's highest Days Inventory was 195.80. The lowest was 90.36. And the median was 126.09.
ARNGF's Days Inventory is ranked worse than 66.72% of 658
companies
in the Metals & Mining industry
Industry Median: 87.15
vs ARNGF: 118.28
Argonaut Gold's Days Inventory
increased
from Dec. 2022 (83.35) to Dec. 2023 (100.78).
It might indicate that Argonaut Gold's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Argonaut Gold's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.91.
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.
Argonaut Gold's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.01.
Argonaut Gold Days Inventory Historical Data
The historical data trend for Argonaut 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.
Competitive Comparison of Argonaut Gold's Days Inventory
For the Gold subindustry, Argonaut 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.
Argonaut Gold's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Argonaut Gold's Days Inventory distribution charts can be found below:
* The bar in red indicates where Argonaut Gold's Days Inventory falls into.
Argonaut Gold Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Argonaut Gold's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Argonaut Gold (OTCPK:ARNGF) 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.
Argonaut Gold's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Argonaut Gold's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Argonaut Gold Days Inventory Related Terms
Thank you for viewing the detailed overview of Argonaut Gold's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Argonaut Gold (Argonaut Gold) Business Description
Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.
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