Bowen Coking Coal (ASX:BCB) Days Inventory : 416.41 (As of Dec. 2023)

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What is Bowen Coking Coal Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bowen Coking Coal's Average Total Inventories for the six months ended in Dec. 2023 was A$49.6 Mil. Bowen Coking Coal's Cost of Goods Sold for the six months ended in Dec. 2023 was A$21.7 Mil. Hence, Bowen Coking Coal's Days Inventory for the six months ended in Dec. 2023 was 416.41.

The historical rank and industry rank for Bowen Coking Coal's Days Inventory or its related term are showing as below:

ASX:BCB' s Days Inventory Range Over the Past 10 Years
Min: 108.41 Med: 108.41 Max: 236.02
Current: 236.02

During the past 13 years, Bowen Coking Coal's highest Days Inventory was 236.02. The lowest was 108.41. And the median was 108.41.

ASX:BCB's Days Inventory is ranked worse than
93.38% of 574 companies
in the Steel industry
Industry Median: 85.62 vs ASX:BCB: 236.02

Bowen Coking Coal's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (416.41). It might indicate that Bowen Coking Coal's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bowen Coking Coal's Inventory Turnover for the six months ended in Dec. 2023 was 0.44.

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. Bowen Coking Coal's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.21.

Bowen Coking Coal Days Inventory Historical Data

The historical data trend for Bowen Coking Coal'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.

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Bowen Coking Coal Days Inventory Chart

Bowen Coking Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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108.41

Bowen Coking Coal Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	181.70	416.41

Competitive Comparison of Bowen Coking Coal's Days Inventory

For the Coking Coal subindustry, Bowen Coking Coal'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.

Bowen Coking Coal's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bowen Coking Coal's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bowen Coking Coal's Days Inventory falls into.

Bowen Coking Coal Days Inventory Calculation

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

Bowen Coking Coal's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (6	+	60.485)	/	2 )	/	0	*	365
=	33.2425					/	0	*	365
=	N/A

Bowen Coking Coal's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (60.485	+	38.741)	/	2 )	/	21.744	*	365 / 2
=	49.613					/	21.744	*	365 / 2
=	416.41

Bowen Coking Coal (ASX:BCB) 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.

Bowen Coking Coal's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.744	/	49.613
	=	0.44

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.

Bowen Coking Coal's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	49.613	/	231.614
	=	0.21

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.

Bowen Coking Coal Days Inventory Related Terms

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

Bowen Coking Coal (ASX:BCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bowen Coking Coal Ltd (ASX:BCB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

167 Eagle Street, Level 4, Brisbane, QLD, AUS, 4000

Website

https://www.bowencokingcoal.com.au

Bowen Coking Coal Ltd is a coking coal exploration company. The firm holds the Broadmeadow East, Hillalong, Isaac River, Cooroorah, and Comet Ridge Coking Coal Projects, Bluff Mine, located in the Bowen Basin in Queensland, Australia. Also, BCB is a joint venture partner in the Lilyvale (15% interest) and Mackenzie (5% interest) Coking Coal Projects. The Group operates in one geographical location being Australia and its operations are organized into two business units being the exploration and development of coal and mining and sale of coal.

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