Sigma Lithium (TSXV:SGML) Days Inventory : 45.85 (As of Mar. 2024)

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What is Sigma Lithium Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sigma Lithium's Average Total Inventories for the three months ended in Mar. 2024 was C$19.5 Mil. Sigma Lithium's Cost of Goods Sold for the three months ended in Mar. 2024 was C$38.7 Mil. Hence, Sigma Lithium's Days Inventory for the three months ended in Mar. 2024 was 45.85.

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

TSXV:SGML' s Days Inventory Range Over the Past 10 Years
Min: 47.63 Med: 76.85 Max: 76.85
Current: 47.63

During the past 12 years, Sigma Lithium's highest Days Inventory was 76.85. The lowest was 47.63. And the median was 76.85.

TSXV:SGML's Days Inventory is ranked better than
65.45% of 660 companies
in the Metals & Mining industry
Industry Median: 88.655 vs TSXV:SGML: 47.63

Sigma Lithium's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (45.85). It might indicate that Sigma Lithium'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. Sigma Lithium's Inventory Turnover for the three months ended in Mar. 2024 was 1.99.

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. Sigma Lithium's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.39.

Sigma Lithium Days Inventory Historical Data

The historical data trend for Sigma Lithium'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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Sigma Lithium Days Inventory Chart

Sigma Lithium Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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76.85

Sigma Lithium Quarterly Data
	Jun19	Sep19	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															-	27,628.72	44.47	41.59	45.85

Competitive Comparison of Sigma Lithium's Days Inventory

For the Other Industrial Metals & Mining subindustry, Sigma Lithium'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.

Sigma Lithium's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sigma Lithium's Days Inventory falls into.

Sigma Lithium Days Inventory Calculation

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

Sigma Lithium'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	+	19.442)	/	1 )	/	92.335	*	365
=	19.442					/	92.335	*	365
=	76.85

Sigma Lithium'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
=	( (19.442	+	19.473)	/	2 )	/	38.722	*	365 / 4
=	19.4575					/	38.722	*	365 / 4
=	45.85

Sigma Lithium (TSXV:SGML) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	38.722	/	19.4575
	=	1.99

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.4575	/	50.408
	=	0.39

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.

Sigma Lithium Days Inventory Related Terms

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

Sigma Lithium (TSXV:SGML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sigma Lithium Corp (TSXV:SGML) » Definitions » Days Inventory

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Traded in Other Exchanges

SGML:USA S2GM34:Brazil

Address

Avenida Nove de Julho 4939, 9th Floor, Torre Europa, Itaim, Sao Paulo, SP, BRA, 01407-200

Website

https://www.sigmalithiumresources.com

Sigma Lithium Corp is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. The company is in construction at its wholly owned Grota do Cirilo Project in Brazil, one of the largest and highest-grade hard rock lithium spodumene deposits in the Americas. It is committed to strong ESG practices and is aiming to be net zero emissions by 2024. Its green-friendly processing plant will use 100% renewable energy, 100% recycled water and 100% dry-stack tailings.