Equinox Gold (TSX:EQX) Days Inventory : 134.29 (As of Dec. 2023)

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What is Equinox Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Equinox Gold's Average Total Inventories for the three months ended in Dec. 2023 was C$512 Mil. Equinox Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$348 Mil. Hence, Equinox Gold's Days Inventory for the three months ended in Dec. 2023 was 134.29.

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

TSX:EQX' s Days Inventory Range Over the Past 10 Years
Min: 75.29 Med: 93.27 Max: 360.97
Current: 124.3

During the past 13 years, Equinox Gold's highest Days Inventory was 360.97. The lowest was 75.29. And the median was 93.27.

TSX:EQX's Days Inventory is ranked worse than
70.06% of 658 companies
in the Metals & Mining industry
Industry Median: 87.545 vs TSX:EQX: 124.30

Equinox Gold's Days Inventory increased from Dec. 2022 (97.09) to Dec. 2023 (134.29). It might indicate that Equinox Gold's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Equinox Gold's Inventory Turnover for the three months ended in Dec. 2023 was 0.68.

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. Equinox Gold's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.28.

Equinox Gold Days Inventory Historical Data

The historical data trend for Equinox 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.

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Equinox Gold Days Inventory Chart

Equinox Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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83.09

75.29

86.32

94.73

126.63

Equinox Gold 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															97.09	118.27	123.37	118.78	134.29

Competitive Comparison of Equinox Gold's Days Inventory

For the Gold subindustry, Equinox 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.

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

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

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

Equinox Gold Days Inventory Calculation

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

Equinox 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
=	( (360.145	+	552.746)	/	2 )	/	1315.624	*	365
=	456.4455					/	1315.624	*	365
=	126.63

Equinox Gold'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
=	( (470.685	+	552.746)	/	2 )	/	347.721	*	365 / 4
=	511.7155					/	347.721	*	365 / 4
=	134.29

Equinox Gold (TSX:EQX) 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.

Equinox Gold's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	347.721	/	511.7155
	=	0.68

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.

Equinox Gold's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	511.7155	/	399.516
	=	1.28

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.

Equinox Gold Days Inventory Related Terms

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

Equinox Gold (TSX:EQX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Equinox Gold Corp (TSX:EQX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

EQX:USA 1LRC:Germany

Address

700 West Pender Street, Suite 1501, Vancouver, BC, CAN, V6C 1G8

Website

https://www.equinoxgold.com

Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration and development of mineral properties, with a focus on gold. Equinox Gold has around seven operating gold mines and a clear plan to increase production by advancing a pipeline of growth projects.