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Days Inventory is also known as Days Sales of Inventory (DSI). Gold Resource's Average Total Inventories for the three months ended in Dec. 2023 was $9.87 Mil. Gold Resource's Cost of Goods Sold for the three months ended in Dec. 2023 was $23.81 Mil. Hence, Gold Resource's Days Inventory for the three months ended in Dec. 2023 was 37.83.
The historical rank and industry rank for Gold Resource's Days Inventory or its related term are showing as below:
During the past 13 years, Gold Resource's highest Days Inventory was 58.09. The lowest was 39.17. And the median was 50.04.
Gold Resource's Days Inventory declined from Dec. 2022 (44.48) to Dec. 2023 (37.83).
Inventory Turnover measures how fast the company turns over its inventory within a year. Gold Resource's Inventory Turnover for the three months ended in Dec. 2023 was 2.41.
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. Gold Resource's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.47.
The historical data trend for Gold Resource'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.
Gold Resource Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 55.44 | 54.84 | 42.00 | 39.96 | 40.37 |
Gold Resource Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Days Inventory | Get a 7-Day Free Trial | 44.48 | 41.25 | 37.30 | 38.96 | 37.83 |
For the Gold subindustry, Gold Resource'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.
For the Metals & Mining industry and Basic Materials sector, Gold Resource's Days Inventory distribution charts can be found below:
* The bar in red indicates where Gold Resource's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Gold Resource'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 |
= | ( (13.5 | + | 9.294) | / | 2 ) | / | 103.043 | * | 365 |
= | 11.397 | / | 103.043 | * | 365 | ||||
= | 40.37 |
Gold Resource'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: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | ( (10.442 | + | 9.294) | / | 2 ) | / | 23.805 | * | 365 / 4 |
= | 9.868 | / | 23.805 | * | 365 / 4 | ||||
= | 37.83 |
* 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.
Gold Resource (AMEX:GORO) 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.
Gold Resource's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 23.805 | / | 9.868 | |
= | 2.41 |
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.
Gold Resource's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 9.868 | / | 21.141 | |
= | 0.47 |
* 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.
Thank you for viewing the detailed overview of Gold Resource's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Chet Holyoak | officer: Interim CFO | 7900 E UNION AVENUE, SUITE 320, DENVER CO 80237 |
Allen J Palmiere | director, officer: CEO, President | 2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222 |
Joseph Martin Driscoll | director | 2000 S. COLORADO BLVD, SUITE 10200, DENVER CO 80222 |
Kimberly C Perry | officer: Chief Financial Officer | 2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906 |
Alberto Reyes | officer: Chief Operating Officer | 53 RIVER VALLEY DRIVE, KITCHENER A6 N2C 2V5 |
Lila A Murphy | director | 2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222 |
Ronald Little | director | 2234 OLD LILAC LANE, OTTAWA A6 K1H 6H7 |
Richard M Irvine | director | LAS ROSAS #339, COLONIA REFORMA, OAXACA O5 68050 |
Alex G Morrison | director | 1658 COLE BLVD., BLDG. 6, SUITE 210, LAKEWOOD CO 80401 |
Elizabeth Ann Wilkinson | officer: See Remarks | 45 GLENADEN AVENUE E, TORONTO A6 M8Y 2L4 |
Bill M Conrad | director | 2886 CARRIAGE MANOR POINT, COLO SPGS CO 80906 |
Gregory A Patterson | officer: VP Corporate Development | 2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906 |
Barry D Devlin | officer: VP Exploration | 7338 YELLOW FIN COURT, BLAINE WA 98230 |
John A Labate | officer: Chief Financial Officer | |
Jessica M Browne | officer: VP, General Counsel, Secretary | 2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906 |
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