Atlantic Gold (ASX:AGB) Days Inventory : 62.76 (As of Mar. 2019)

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What is Atlantic Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Atlantic Gold's Average Total Inventories for the three months ended in Mar. 2019 was A$15.0 Mil. Atlantic Gold's Cost of Goods Sold for the three months ended in Mar. 2019 was A$21.9 Mil. Hence, Atlantic Gold's Days Inventory for the three months ended in Mar. 2019 was 62.76.

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

ASX:AGB' s Days Inventory Range Over the Past 10 Years
Min: 51.13 Med: 53.85 Max: 53.85
Current: 51.13

During the past 13 years, Atlantic Gold's highest Days Inventory was 53.85. The lowest was 51.13. And the median was 53.85.

ASX:AGB's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 88.19 vs ASX:AGB: 51.13

Atlantic Gold's Days Inventory declined from Mar. 2018 (131.87) to Mar. 2019 (62.76).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Atlantic Gold's Inventory Turnover for the three months ended in Mar. 2019 was 1.45.

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. Atlantic Gold's Inventory-to-Revenue for the three months ended in Mar. 2019 was 0.47.

Atlantic Gold Days Inventory Historical Data

The historical data trend for Atlantic 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.

Atlantic Gold Days Inventory Chart

Atlantic Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

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Dec18

Days Inventory

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53.32

Atlantic Gold Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Days Inventory	Get a 7-Day Free Trial															131.87	48.17	39.16	49.61	62.76

Competitive Comparison of Atlantic Gold's Days Inventory

For the Gold subindustry, Atlantic 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.

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

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

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

Atlantic Gold Days Inventory Calculation

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

Atlantic Gold's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

	Days Inventory (A: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (8.771	+	13.202)	/	2 )	/	75.212	*	365
=	10.9865					/	75.212	*	365
=	53.32

Atlantic Gold's Days Inventory for the quarter that ended in Mar. 2019 is calculated as:

	Days Inventory (Q: Mar. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2018 )	+	Total Inventories (Q: Mar. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2019 )	*	Days in Period
=	( (13.202	+	16.873)	/	2 )	/	21.864	*	365 / 4
=	15.0375					/	21.864	*	365 / 4
=	62.76

Atlantic Gold (ASX:AGB) 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.

Atlantic Gold's Inventory Turnover for the three months ended in Mar. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.864	/	15.0375
	=	1.45

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.

Atlantic Gold's Inventory to Revenue for the three months ended in Mar. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.0375	/	32.094
	=	0.47

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.

Atlantic Gold Days Inventory Related Terms

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

Atlantic Gold (ASX:AGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlantic Gold Corp (ASX:AGB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Burrard Street, Suite 3083, P.O. Box 49298, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

http://www.atlanticgoldcorporation.com

Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada.

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