Americas Gold And Silver (TSX:USA) Days Inventory : 33.85 (As of Dec. 2023)

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What is Americas Gold And Silver Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Americas Gold And Silver's Average Total Inventories for the three months ended in Dec. 2023 was C$12.1 Mil. Americas Gold And Silver's Cost of Goods Sold for the three months ended in Dec. 2023 was C$32.5 Mil. Hence, Americas Gold And Silver's Days Inventory for the three months ended in Dec. 2023 was 33.85.

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

TSX:USA' s Days Inventory Range Over the Past 10 Years
Min: 32.81 Med: 51.49 Max: 99.07
Current: 34.6

During the past 13 years, Americas Gold And Silver's highest Days Inventory was 99.07. The lowest was 32.81. And the median was 51.49.

TSX:USA's Days Inventory is ranked better than
85.15% of 660 companies
in the Metals & Mining industry
Industry Median: 88.605 vs TSX:USA: 34.60

Americas Gold And Silver's Days Inventory increased from Dec. 2022 (33.00) to Dec. 2023 (33.85). It might indicate that Americas Gold And Silver's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Americas Gold And Silver's Inventory Turnover for the three months ended in Dec. 2023 was 2.70.

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. Americas Gold And Silver's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.36.

Americas Gold And Silver Days Inventory Historical Data

The historical data trend for Americas Gold And Silver'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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Americas Gold And Silver Days Inventory Chart

Americas Gold And Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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40.27

71.81

32.81

35.68

33.50

Americas Gold And Silver Quarterly Data
	Mar19	Jun19	Sep19	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															33.00	36.85	33.54	35.57	33.85

Competitive Comparison of Americas Gold And Silver's Days Inventory

For the Other Industrial Metals & Mining subindustry, Americas Gold And Silver'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.

Americas Gold And Silver's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Americas Gold And Silver's Days Inventory falls into.

Americas Gold And Silver Days Inventory Calculation

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

Americas Gold And Silver'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
=	( (12.002	+	11.614)	/	2 )	/	128.671	*	365
=	11.808					/	128.671	*	365
=	33.50

Americas Gold And Silver'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
=	( (12.518	+	11.614)	/	2 )	/	32.53	*	365 / 4
=	12.066					/	32.53	*	365 / 4
=	33.85

Americas Gold And Silver (TSX:USA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	32.53	/	12.066
	=	2.70

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.066	/	33.527
	=	0.36

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.

Americas Gold And Silver Days Inventory Related Terms

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

Americas Gold And Silver (TSX:USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Americas Gold And Silver Corp (TSX:USA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

USAS:USA SZ71:Germany

Address

145 King Street West, Suite 2870, Toronto, ON, CAN, M5H 1J8

Website

https://www.americas-gold.com

Americas Gold And Silver Corp is a mining company is engaged in the acquisition, exploration, development, and production of precious metals mineral properties in Mexico and the United States. The company's primary operating assets are The Cosala operations, The Galena Complex, and Relief Canyon. The company also holds interests in the San Felipe Development Project located in Sonora, Mexico.