Fortitude Gold (Fortitude Gold) Days Inventory : 653.84 (As of Dec. 2023)

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What is Fortitude Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fortitude Gold's Average Total Inventories for the three months ended in Dec. 2023 was $37.35 Mil. Fortitude Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was $5.21 Mil. Hence, Fortitude Gold's Days Inventory for the three months ended in Dec. 2023 was 653.84.

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

FTCO' s Days Inventory Range Over the Past 10 Years
Min: 162.65 Med: 266.21 Max: 503.68
Current: 503.68

During the past 5 years, Fortitude Gold's highest Days Inventory was 503.68. The lowest was 162.65. And the median was 266.21.

FTCO's Days Inventory is ranked worse than
93.79% of 660 companies
in the Metals & Mining industry
Industry Median: 88.605 vs FTCO: 503.68

Fortitude Gold's Days Inventory increased from Dec. 2022 (458.17) to Dec. 2023 (653.84). It might indicate that Fortitude Gold'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. Fortitude Gold's Inventory Turnover for the three months ended in Dec. 2023 was 0.14.

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. Fortitude Gold's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.38.

Fortitude Gold Days Inventory Historical Data

The historical data trend for Fortitude 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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Fortitude Gold Days Inventory Chart

Fortitude Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

265.93

162.65

266.21

396.54

406.95

Fortitude Gold Quarterly Data
	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												458.17	467.39	558.49	491.31	653.84

Competitive Comparison of Fortitude Gold's Days Inventory

For the Gold subindustry, Fortitude 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.

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

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

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

Fortitude Gold Days Inventory Calculation

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

Fortitude 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
=	( (47.155	+	23.848)	/	2 )	/	31.842	*	365
=	35.5015					/	31.842	*	365
=	406.95

Fortitude 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
=	( (50.858	+	23.848)	/	2 )	/	5.213	*	365 / 4
=	37.353					/	5.213	*	365 / 4
=	653.84

Fortitude Gold (OTCPK:FTCO) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.213	/	37.353
	=	0.14

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	37.353	/	11.046
	=	3.38

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.

Fortitude Gold Days Inventory Related Terms

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

Fortitude Gold (Fortitude Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortitude Gold Corp (OTCPK:FTCO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2886 Carriage Manor Point, Colorado Springs, CO, USA, 80906

Website

https://www.fortitudegold.com

Fortitude Gold Corp is a mineral exploration and evaluation company. It primarily explores gold and silver. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.