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Lynas Rare Earths (ASX:LYC) Days Inventory : 125.13 (As of Dec. 2023)


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What is Lynas Rare Earths Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lynas Rare Earths's Average Total Inventories for the six months ended in Dec. 2023 was A$109.0 Mil. Lynas Rare Earths's Cost of Goods Sold for the six months ended in Dec. 2023 was A$159.0 Mil. Hence, Lynas Rare Earths's Days Inventory for the six months ended in Dec. 2023 was 125.13.

The historical rank and industry rank for Lynas Rare Earths's Days Inventory or its related term are showing as below:

ASX:LYC' s Days Inventory Range Over the Past 10 Years
Min: 64.28   Med: 98.78   Max: 335.51
Current: 115.65

During the past 13 years, Lynas Rare Earths's highest Days Inventory was 335.51. The lowest was 64.28. And the median was 98.78.

ASX:LYC's Days Inventory is ranked worse than
64.64% of 659 companies
in the Metals & Mining industry
Industry Median: 88.57 vs ASX:LYC: 115.65

Lynas Rare Earths's Days Inventory increased from Dec. 2022 (108.31) to Dec. 2023 (125.13). It might indicate that Lynas Rare Earths's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lynas Rare Earths's Inventory Turnover for the six months ended in Dec. 2023 was 1.46.

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. Lynas Rare Earths's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.46.


Lynas Rare Earths Days Inventory Historical Data

The historical data trend for Lynas Rare Earths'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.

Lynas Rare Earths Days Inventory Chart

Lynas Rare Earths 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 85.91 112.15 99.87 90.25 101.93

Lynas Rare Earths 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 116.91 84.61 108.31 108.87 125.13

Competitive Comparison of Lynas Rare Earths's Days Inventory

For the Other Industrial Metals & Mining subindustry, Lynas Rare Earths'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.


Lynas Rare Earths's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lynas Rare Earths's Days Inventory falls into.



Lynas Rare Earths Days Inventory Calculation

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

Lynas Rare Earths'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
=( (81.462 + 111.893) / 2 ) / 346.177*365
=96.6775 / 346.177*365
=101.93

Lynas Rare Earths'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
=( (111.893 + 106.159) / 2 ) / 159.012*365 / 2
=109.026 / 159.012*365 / 2
=125.13

* 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.


Lynas Rare Earths  (ASX:LYC) 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.

Lynas Rare Earths'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.

Lynas Rare Earths'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.


Lynas Rare Earths Days Inventory Related Terms

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


Lynas Rare Earths (ASX:LYC) Business Description

Traded in Other Exchanges
Address
1 Howard Street, Level 4, Perth, WA, AUS, 6000
Lynas Rare Earths Ltd is an Australian firm. It operates in a single segment and is engaged in integrated extraction and processing of Rare Earth minerals, in Australia and Malaysia; and the Development of Rare Earth deposits. It is focused on the Kalgoorlie project.

Lynas Rare Earths (ASX:LYC) Headlines

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