Minera IRL (XCNQ:MIRL) Days Inventory : 39.74 (As of Sep. 2023)

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What is Minera IRL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Minera IRL's Average Total Inventories for the three months ended in Sep. 2023 was C$4.28 Mil. Minera IRL's Cost of Goods Sold for the three months ended in Sep. 2023 was C$9.82 Mil. Hence, Minera IRL's Days Inventory for the three months ended in Sep. 2023 was 39.74.

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

XCNQ:MIRL' s Days Inventory Range Over the Past 10 Years
Min: 32.9 Med: 42.77 Max: 49.74
Current: 39.92

During the past 13 years, Minera IRL's highest Days Inventory was 49.74. The lowest was 32.90. And the median was 42.77.

XCNQ:MIRL's Days Inventory is ranked better than
81.54% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs XCNQ:MIRL: 39.92

Minera IRL's Days Inventory declined from Sep. 2022 (41.79) to Sep. 2023 (39.74).

Inventory Turnover measures how fast the company turns over its inventory within a year. Minera IRL's Inventory Turnover for the three months ended in Sep. 2023 was 2.30.

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. Minera IRL's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.37.

Minera IRL Days Inventory Historical Data

The historical data trend for Minera IRL'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.

Minera IRL Days Inventory Chart

Minera IRL Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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36.79

32.90

40.13

43.03

39.19

Minera IRL Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															41.79	37.96	44.75	38.33	39.74

Competitive Comparison of Minera IRL's Days Inventory

For the Gold subindustry, Minera IRL'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.

Minera IRL's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Minera IRL's Days Inventory falls into.

Minera IRL Days Inventory Calculation

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

Minera IRL's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (5.33	+	5.306)	/	2 )	/	49.531	*	365
=	5.318					/	49.531	*	365
=	39.19

Minera IRL's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4.715	+	3.835)	/	2 )	/	9.815	*	365 / 4
=	4.275					/	9.815	*	365 / 4
=	39.74

Minera IRL (XCNQ:MIRL) 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.

Minera IRL's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.815	/	4.275
	=	2.30

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.

Minera IRL's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.275	/	11.565
	=	0.37

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.

Minera IRL Days Inventory Related Terms

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

Minera IRL (XCNQ:MIRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minera IRL Ltd (XCNQ:MIRL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MRLLF:USA MIRL:Peru DZX:Germany

Address

15 Esplanade, Hawksford House, Saint Helier, JEY, JE1 1RB

Website

https://www.minera-irl.com

Minera IRL Ltd is engaged in the development and operation of gold mines in Peru. It is engaged in the exploration, development and operation of mines for the extraction of metals. It operates the Corihuarmi Gold Mine and owns the Ollachea Project through its subsidiaries. The Ollachea Project has a completed feasibility study and environmental and construction permits.

Minera IRL (XCNQ:MIRL) Headlines

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