Andrada Mining (LSE:ATM) Days Inventory : 72.74 (As of Aug. 2023)

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What is Andrada Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Andrada Mining's Average Total Inventories for the six months ended in Aug. 2023 was £2.92 Mil. Andrada Mining's Cost of Goods Sold for the six months ended in Aug. 2023 was £7.33 Mil. Hence, Andrada Mining's Days Inventory for the six months ended in Aug. 2023 was 72.74.

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

LSE:ATM' s Days Inventory Range Over the Past 10 Years
Min: 45.52 Med: 59.79 Max: 1056.17
Current: 73.03

During the past 9 years, Andrada Mining's highest Days Inventory was 1056.17. The lowest was 45.52. And the median was 59.79.

LSE:ATM's Days Inventory is ranked better than
59.88% of 663 companies
in the Metals & Mining industry
Industry Median: 88.64 vs LSE:ATM: 73.03

Andrada Mining's Days Inventory increased from Aug. 2022 (45.94) to Aug. 2023 (72.74). It might indicate that Andrada Mining'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. Andrada Mining's Inventory Turnover for the six months ended in Aug. 2023 was 2.51.

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. Andrada Mining's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.33.

Andrada Mining Days Inventory Historical Data

The historical data trend for Andrada Mining'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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Andrada Mining Days Inventory Chart

Andrada Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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1,056.17

45.52

48.05

71.53

Andrada Mining Semi-Annual Data
	Feb15	Feb16	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Inventory	Get a 7-Day Free Trial										55.94	49.21	45.94	78.13	72.74

Competitive Comparison of Andrada Mining's Days Inventory

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

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

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

* The bar in red indicates where Andrada Mining's Days Inventory falls into.

Andrada Mining Days Inventory Calculation

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

Andrada Mining's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (1.452	+	2.667)	/	2 )	/	10.509	*	365
=	2.0595					/	10.509	*	365
=	71.53

Andrada Mining's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

	Days Inventory (Q: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (2.667	+	3.172)	/	2 )	/	7.325	*	365 / 2
=	2.9195					/	7.325	*	365 / 2
=	72.74

Andrada Mining (LSE:ATM) 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.

Andrada Mining's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.325	/	2.9195
	=	2.51

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.

Andrada Mining's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.9195	/	8.847
	=	0.33

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.

Andrada Mining Days Inventory Related Terms

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

Andrada Mining (LSE:ATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andrada Mining Ltd (LSE:ATM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

9IA:Germany

Address

Oak House, Hirzel Street, P.O. Box 282, Saint Peter Port, GGY, GY1 3RH

Website

https://www.andradamining.com

Andrada Mining Ltd is a Guernsey-based mining company. The company's geographical segments include South Africa and Namibia. The company's project consists of the Uis Tin project and Mokopane Tin project. It derives a majority of its revenue from the Namibia region. The company's asset includes Lithium Ridge (Nai-Nais), Spodumene Hill, Brandberg West.

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