Newfield Resources (ASX:NWF) Days Inventory : 203.07 (As of Dec. 2023)

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What is Newfield Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Newfield Resources's Average Total Inventories for the six months ended in Dec. 2023 was A$2.23 Mil. Newfield Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$2.00 Mil. Hence, Newfield Resources's Days Inventory for the six months ended in Dec. 2023 was 203.07.

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

ASX:NWF' s Days Inventory Range Over the Past 10 Years
Min: 49.73 Med: 1585.81 Max: 3121.88
Current: 431.28

During the past 11 years, Newfield Resources's highest Days Inventory was 3121.88. The lowest was 49.73. And the median was 1585.81.

ASX:NWF's Days Inventory is ranked worse than
92.31% of 663 companies
in the Metals & Mining industry
Industry Median: 88.02 vs ASX:NWF: 431.28

Newfield Resources's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (203.07). It might indicate that Newfield Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Newfield Resources's Inventory Turnover for the six months ended in Dec. 2023 was 0.90.

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. Newfield Resources's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.08.

Newfield Resources Days Inventory Historical Data

The historical data trend for Newfield Resources'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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Newfield Resources Days Inventory Chart

Newfield Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

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Jun23

Days Inventory

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3,121.88

Newfield Resources 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															-	-	-	-	203.07

Competitive Comparison of Newfield Resources's Days Inventory

For the Other Precious Metals & Mining subindustry, Newfield Resources'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.

Newfield Resources's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Newfield Resources's Days Inventory falls into.

Newfield Resources Days Inventory Calculation

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

Newfield Resources'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
=	( (1.299	+	2.899)	/	2 )	/	0	*	365
=	2.099					/	0	*	365
=	N/A

Newfield Resources'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
=	( (2.899	+	1.554)	/	2 )	/	2.001	*	365 / 2
=	2.2265					/	2.001	*	365 / 2
=	203.07

Newfield Resources (ASX:NWF) 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.

Newfield Resources's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.001	/	2.2265
	=	0.90

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.

Newfield Resources's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.2265	/	2.069
	=	1.08

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.

Newfield Resources Days Inventory Related Terms

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

Newfield Resources (ASX:NWF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newfield Resources Ltd (ASX:NWF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 McCabe Street, North Fremantle, WA, AUS, 6159

Website

https://www.newfieldresources.com.au

Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.

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