Xtra-Gold Resources (TSX:XTG) Days Inventory : 1,038.34 (As of Dec. 2023)

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What is Xtra-Gold Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Xtra-Gold Resources's Average Total Inventories for the three months ended in Dec. 2023 was C$0.71 Mil. Xtra-Gold Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.06 Mil. Hence, Xtra-Gold Resources's Days Inventory for the three months ended in Dec. 2023 was 1,038.34.

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

TSX:XTG' s Days Inventory Range Over the Past 10 Years
Min: 162.43 Med: 647.82 Max: 1904.38
Current: 1265.44

During the past 13 years, Xtra-Gold Resources's highest Days Inventory was 1904.38. The lowest was 162.43. And the median was 647.82.

TSX:XTG's Days Inventory is ranked worse than
97.13% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs TSX:XTG: 1265.44

Xtra-Gold Resources's Days Inventory increased from Dec. 2022 (727.91) to Dec. 2023 (1,038.34). It might indicate that Xtra-Gold Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Xtra-Gold Resources's Inventory Turnover for the three months ended in Dec. 2023 was 0.09.

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.

Xtra-Gold Resources Days Inventory Historical Data

The historical data trend for Xtra-Gold Resources'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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Xtra-Gold Resources Days Inventory Chart

Xtra-Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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703.65

1,464.59

1,904.38

1,666.83

1,782.44

Xtra-Gold Resources 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															727.91	1,638.78	933.30	1,040.25	1,038.34

Competitive Comparison of Xtra-Gold Resources's Days Inventory

For the Gold subindustry, Xtra-Gold Resources'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.

Xtra-Gold Resources's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Xtra-Gold Resources's Days Inventory falls into.

Xtra-Gold Resources Days Inventory Calculation

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

Xtra-Gold Resources'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
=	( (1.081	+	1.097)	/	2 )	/	0.223	*	365
=	1.089					/	0.223	*	365
=	1,782.44

Xtra-Gold Resources'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
=	( (0.314	+	1.097)	/	2 )	/	0.062	*	365 / 4
=	0.7055					/	0.062	*	365 / 4
=	1,038.34

Xtra-Gold Resources (TSX:XTG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.062	/	0.7055
	=	0.09

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7055	/	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.

Xtra-Gold Resources Days Inventory Related Terms

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

Xtra-Gold Resources (TSX:XTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xtra-Gold Resources Corp (TSX:XTG) » Definitions » Days Inventory

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XTGRF:USA

Address

Shirley Street Plaza, Suite 2150, P.O Box AP 59217, Nassau, BHS

Website

https://www.xtragold.com

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Its mining portfolio consists of 225.87 sq km comprised of 33.65 sq km for the Kibi project, 51.67 sq km for Banso project, 55.28 sq km for Muoso project, 44.76 sq km for the Kwabeng project, and 40.51 sq km for the Pameng project, or 55,873 acres, pursuant to the leased areas set forth in mining leases.

Executives

Leon Van Der Merwe

10% Security Holder

Xtra-Gold Resources (TSX:XTG) Headlines

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