AIC Mines (AIC Mines) Days Inventory : 31.57 (As of Dec. 2023)

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What is AIC Mines Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AIC Mines's Average Total Inventories for the six months ended in Dec. 2023 was $6.8 Mil. AIC Mines's Cost of Goods Sold for the six months ended in Dec. 2023 was $39.4 Mil. Hence, AIC Mines's Days Inventory for the six months ended in Dec. 2023 was 31.57.

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

IAUFF' s Days Inventory Range Over the Past 10 Years
Min: 33.15 Med: 198.81 Max: 353.97
Current: 33.15

During the past 13 years, AIC Mines's highest Days Inventory was 353.97. The lowest was 33.15. And the median was 198.81.

IAUFF's Days Inventory is ranked better than
86.54% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs IAUFF: 33.15

AIC Mines's Days Inventory increased from Dec. 2022 (28.85) to Dec. 2023 (31.57). It might indicate that AIC Mines's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AIC Mines's Inventory Turnover for the six months ended in Dec. 2023 was 5.78.

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. AIC Mines's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.11.

AIC Mines Days Inventory Historical Data

The historical data trend for AIC Mines'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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AIC Mines Days Inventory Chart

AIC Mines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Jun23

Days Inventory

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353.93

45.05

AIC Mines 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															-	31.18	28.85	37.93	31.57

Competitive Comparison of AIC Mines's Days Inventory

For the Other Precious Metals & Mining subindustry, AIC Mines'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.

AIC Mines's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where AIC Mines's Days Inventory falls into.

AIC Mines Days Inventory Calculation

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

AIC Mines'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: Dec. 2021 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (7.388	+	7.271)	/	2 )	/	59.387	*	365
=	7.3295					/	59.387	*	365
=	45.05

AIC Mines'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
=	( (7.271	+	6.358)	/	2 )	/	39.389	*	365 / 2
=	6.8145					/	39.389	*	365 / 2
=	31.57

AIC Mines (OTCPK:IAUFF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	39.389	/	6.8145
	=	5.78

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.8145	/	60.923
	=	0.11

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.

AIC Mines Days Inventory Related Terms

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AIC Mines (AIC Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AIC Mines Ltd (OTCPK:IAUFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HLS:Germany A1M:Australia

Address

130 Hay Street, Suite 3, Subiaco, Perth, WA, AUS, 6008

Website

https://www.aicmines.com.au

AIC Mines Ltd is engaged in an exploration of gold and copper deposits. It holds an interest in the Marymia Project and Lamil Project. The company operates in one geographical area being Australia and one industry, being Exploration.