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Osisko Development (TSXV:ODV) Days Inventory : 319.72 (As of Mar. 2024)


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What is Osisko Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Osisko Development's Average Total Inventories for the three months ended in Mar. 2024 was C$6.92 Mil. Osisko Development's Cost of Goods Sold for the three months ended in Mar. 2024 was C$1.97 Mil. Hence, Osisko Development's Days Inventory for the three months ended in Mar. 2024 was 319.72.

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

TSXV:ODV' s Days Inventory Range Over the Past 10 Years
Min: 116.41   Med: 405.34   Max: 9309.09
Current: 139.21

During the past 5 years, Osisko Development's highest Days Inventory was 9309.09. The lowest was 116.41. And the median was 405.34.

TSXV:ODV's Days Inventory is ranked worse than
74.43% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs TSXV:ODV: 139.21

Osisko Development's Days Inventory declined from Mar. 2023 (361.72) to Mar. 2024 (319.72).

Inventory Turnover measures how fast the company turns over its inventory within a year. Osisko Development's Inventory Turnover for the three months ended in Mar. 2024 was 0.29.

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. Osisko Development's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.91.


Osisko Development Days Inventory Historical Data

The historical data trend for Osisko Development'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.

* Premium members only.

Osisko Development Days Inventory Chart

Osisko Development Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
- 9,309.09 671.21 116.41 139.46

Osisko Development Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 361.72 127.11 117.45 132.33 319.72

Competitive Comparison of Osisko Development's Days Inventory

For the Gold subindustry, Osisko Development'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.


Osisko Development's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Osisko Development's Days Inventory falls into.



Osisko Development Days Inventory Calculation

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

Osisko Development'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
=( (17.641 + 7.203) / 2 ) / 32.512*365
=12.422 / 32.512*365
=139.46

Osisko Development's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (7.203 + 6.63) / 2 ) / 1.974*365 / 4
=6.9165 / 1.974*365 / 4
=319.72

* 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.


Osisko Development  (TSXV:ODV) 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.

Osisko Development's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Osisko Development's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


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.


Osisko Development Days Inventory Related Terms

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


Osisko Development (TSXV:ODV) Business Description

Traded in Other Exchanges
Address
1100, Avenue des Canadiens-de-Montreal, Suite 300, P.O. Box 211, Montreal, QC, CAN, H3B 2S2
Osisko Development Corp is a mineral exploration and development company engaged in the acquisition, exploration and development of precious metals resource properties in North America. The company is focused on exploring and developing its mining assets, including the Cariboo Gold Project in British Columbia, the San Antonio gold project in Mexico and the Trixie test mine in the USA. The Company manages its business through the exploration, evaluation and development activities of its projects.
Executives
Maggie Elizabeth Layman Senior Officer