Evolution Mining (Evolution Mining) Days Inventory : 80.31 (As of Dec. 2023)

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What is Evolution Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Evolution Mining's Average Total Inventories for the six months ended in Dec. 2023 was $221 Mil. Evolution Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was $503 Mil. Hence, Evolution Mining's Days Inventory for the six months ended in Dec. 2023 was 80.31.

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

CAHPF' s Days Inventory Range Over the Past 10 Years
Min: 62.99 Med: 81.11 Max: 134.19
Current: 82.69

During the past 13 years, Evolution Mining's highest Days Inventory was 134.19. The lowest was 62.99. And the median was 81.11.

CAHPF's Days Inventory is ranked better than
52.43% of 658 companies
in the Metals & Mining industry
Industry Median: 87.15 vs CAHPF: 82.69

Evolution Mining's Days Inventory increased from Dec. 2022 (79.83) to Dec. 2023 (80.31). It might indicate that Evolution Mining's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Evolution Mining's Inventory Turnover for the six months ended in Dec. 2023 was 2.27.

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. Evolution Mining's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.24.

Evolution Mining Days Inventory Historical Data

The historical data trend for Evolution Mining'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.

Evolution Mining Days Inventory Chart

Evolution Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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130.98

97.17

74.85

75.05

85.09

Evolution Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															72.65	62.88	79.83	88.12	80.31

Competitive Comparison of Evolution Mining's Days Inventory

For the Gold subindustry, Evolution Mining'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.

Evolution Mining's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Evolution Mining's Days Inventory falls into.

Evolution Mining Days Inventory Calculation

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

Evolution Mining's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (176.045	+	223.755)	/	2 )	/	857.487	*	365
=	199.9					/	857.487	*	365
=	85.09

Evolution Mining'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (223.755	+	218.738)	/	2 )	/	502.768	*	365 / 2
=	221.2465					/	502.768	*	365 / 2
=	80.31

Evolution Mining (OTCPK:CAHPF) 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.

Evolution Mining's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	502.768	/	221.2465
	=	2.27

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.

Evolution Mining's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	221.2465	/	922.866
	=	0.24

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.

Evolution Mining Days Inventory Related Terms

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

Evolution Mining (Evolution Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Evolution Mining Ltd (OTCPK:CAHPF) » Definitions » Days Inventory

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Traded in Other Exchanges

WE7:Germany EVN:Australia

Address

175 Liverpool Street, Level 24, Sydney, NSW, AUS, 2000

Website

https://www.evolutionmining.com.au

Evolution Mining is an Australian-based gold miner. It sold around 650,000 ounces of gold in fiscal 2023 from five wholly owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were bought in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, and the rest of Ernest Henry in 2022. It has also agreed to buy an 80% stake in the Northparkes copper and gold mine in New South Wales, likely effective January 2024. It had roughly 13 years of gold reserves at end fiscal 2023.