Days Inventory is also known as Days Sales of Inventory (DSI). Asante Gold's Average Total Inventories for the
three
months ended in Jan. 2024 was C$75.8 Mil. Asante Gold's Cost of Goods Sold for the
three
months ended in Jan. 2024 was C$200.4 Mil.
Hence, Asante Gold's Days Inventory for the
three
months ended in Jan. 2024 was 34.53.
The historical rank and industry rank for Asante Gold's Days Inventory or its related term are showing as below:
XCNQ:ASE'
s Days Inventory Range Over the Past 10 Years
Min: 39.56 Med: 62.61 Max: 85.66
Current: 41.44
During the past 13 years, Asante Gold's highest Days Inventory was 85.66. The lowest was 39.56. And the median was 62.61.
XCNQ:ASE's Days Inventory is ranked better than 80.15% of 660
companies
in the Metals & Mining industry
Industry Median: 88.655
vs XCNQ:ASE: 41.44
Asante Gold's Days Inventory
declined
from Jan. 2023 (42.37) to Jan. 2024 (34.53).
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.
Asante Gold's Inventory Turnover for the
three
months ended in Jan. 2024 was 2.64.
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.
Asante Gold's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 0.43.
Asante Gold Days Inventory Historical Data
The historical data trend for Asante Gold'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.
Competitive Comparison of Asante Gold's Days Inventory
For the Gold subindustry, Asante Gold'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.
Asante Gold's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Asante Gold's Days Inventory distribution charts can be found below:
* The bar in red indicates where Asante Gold's Days Inventory falls into.
Asante Gold Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Asante Gold's Days Inventory for the fiscal year that ended in Jan. 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.
Asante Gold (XCNQ:ASE) 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.
Asante Gold's Inventory Turnover for the
three
months ended in Jan. 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.
Asante Gold's Inventory to Revenue for the
three
months ended in Jan. 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.
Asante Gold Days Inventory Related Terms
Thank you for viewing the detailed overview of Asante Gold's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.
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