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Kingsgate Consolidated (ASX:KCN) Days Inventory : 120.72 (As of Dec. 2023)


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What is Kingsgate Consolidated Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kingsgate Consolidated's Average Total Inventories for the six months ended in Dec. 2023 was A$37.87 Mil. Kingsgate Consolidated's Cost of Goods Sold for the six months ended in Dec. 2023 was A$57.25 Mil. Hence, Kingsgate Consolidated's Days Inventory for the six months ended in Dec. 2023 was 120.72.

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

ASX:KCN' s Days Inventory Range Over the Past 10 Years
Min: 77.24   Med: 95.09   Max: 540.51
Current: 241.45

During the past 13 years, Kingsgate Consolidated's highest Days Inventory was 540.51. The lowest was 77.24. And the median was 95.09.

ASX:KCN's Days Inventory is ranked worse than
85.99% of 664 companies
in the Metals & Mining industry
Industry Median: 87.85 vs ASX:KCN: 241.45

Kingsgate Consolidated's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (120.72). It might indicate that Kingsgate Consolidated's sales slowed down.

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. Kingsgate Consolidated's Inventory Turnover for the six months ended in Dec. 2023 was 1.51.

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. Kingsgate Consolidated's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.65.


Kingsgate Consolidated Days Inventory Historical Data

The historical data trend for Kingsgate Consolidated'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.

Kingsgate Consolidated Days Inventory Chart

Kingsgate Consolidated Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 540.51

Kingsgate Consolidated 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 120.72

Competitive Comparison of Kingsgate Consolidated's Days Inventory

For the Gold subindustry, Kingsgate Consolidated'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.


Kingsgate Consolidated's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Kingsgate Consolidated's Days Inventory falls into.



Kingsgate Consolidated Days Inventory Calculation

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

Kingsgate Consolidated'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
=( (0 + 34.8) / 1 ) / 23.5*365
=34.8 / 23.5*365
=540.51

Kingsgate Consolidated'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
=( (34.8 + 40.937) / 2 ) / 57.247*365 / 2
=37.8685 / 57.247*365 / 2
=120.72

* 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.


Kingsgate Consolidated  (ASX:KCN) 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.

Kingsgate Consolidated's Inventory Turnover for the six 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.

Kingsgate Consolidated's Inventory to Revenue for the six 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.


Kingsgate Consolidated Days Inventory Related Terms

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


Kingsgate Consolidated (ASX:KCN) Business Description

Traded in Other Exchanges
Address
200 George Street, Level 31, Sydney, NSW, AUS, 2000
Kingsgate Consolidated Ltd is engaged in gold and silver mining, development, and exploration company based in Sydney, Australia. Its operating segment includes Chatree Gold Mine, Thailand, and Nueva Esperanza Gold/Silver Project, Chile. The company derives maximum revenue from the Chatree Gold Mine project.

Kingsgate Consolidated (ASX:KCN) Headlines

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