Adriatic Metals (LSE:ADT1) Days Inventory : 575.65 (As of Dec. 2023)

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What is Adriatic Metals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Adriatic Metals's Average Total Inventories for the six months ended in Dec. 2023 was £1.23 Mil. Adriatic Metals's Cost of Goods Sold for the six months ended in Dec. 2023 was £0.39 Mil. Hence, Adriatic Metals's Days Inventory for the six months ended in Dec. 2023 was 575.65.

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

LSE:ADT1' s Days Inventory Range Over the Past 10 Years
Min: 653.8 Med: 654.76 Max: 654.76
Current: 653.8

During the past 7 years, Adriatic Metals's highest Days Inventory was 654.76. The lowest was 653.80. And the median was 654.76.

LSE:ADT1's Days Inventory is ranked worse than
95.45% of 659 companies
in the Metals & Mining industry
Industry Median: 88.57 vs LSE:ADT1: 653.80

Adriatic Metals's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (575.65). It might indicate that Adriatic Metals'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. Adriatic Metals's Inventory Turnover for the six months ended in Dec. 2023 was 0.32.

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.

Adriatic Metals Days Inventory Historical Data

The historical data trend for Adriatic Metals'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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Adriatic Metals Days Inventory Chart

Adriatic Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Days Inventory

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654.76

Adriatic Metals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial							-	-	-	-	575.65

Competitive Comparison of Adriatic Metals's Days Inventory

For the Other Industrial Metals & Mining subindustry, Adriatic Metals'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.

Adriatic Metals's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Adriatic Metals's Days Inventory falls into.

Adriatic Metals Days Inventory Calculation

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

Adriatic Metals'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
=	( (0	+	1.227)	/	1 )	/	0.684	*	365
=	1.227					/	0.684	*	365
=	654.76

Adriatic Metals'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
=	( (0	+	1.227)	/	1 )	/	0.389	*	365 / 2
=	1.227					/	0.389	*	365 / 2
=	575.65

Adriatic Metals (LSE:ADT1) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.389	/	1.227
	=	0.32

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.227	/	0
	=

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.

Adriatic Metals Days Inventory Related Terms

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

Adriatic Metals (LSE:ADT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adriatic Metals PLC (LSE:ADT1) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ADTLF:USA ADMLF:USA ADT1l:UK 3FN:Germany ADT:Australia

Address

65 Rodney Road, Ground Floor, Regent House, Cheltenham, GBR, GL50 1HX

Website

https://www.adriaticmetals.com

Adriatic Metals PLC is engaged in mineral exploration. The projects of the company are The Veovaca and The Raska. The Veovaca is historic open-cut zinc, lead, barite, and silver mine and the Raska project is an advanced exploration project which exhibits exceptionally high grades of the base and precious metals and is located approximately 17km North-West of the Veovaca Project.

Adriatic Metals (LSE:ADT1) Headlines

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