Eldorado Gold (Eldorado Gold) Days Inventory

: 104.44 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Eldorado Gold's Average Total Inventories for the three months ended in Dec. 2023 was $236 Mil. Eldorado Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was $206 Mil. Hence, Eldorado Gold's Days Inventory for the three months ended in Dec. 2023 was 104.44.

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

EGO' s Days Inventory Range Over the Past 10 Years
Min: 91.34 Med: 115.4 Max: 204.05
Current: 111.09

During the past 13 years, Eldorado Gold's highest Days Inventory was 204.05. The lowest was 91.34. And the median was 115.40.

EGO's Days Inventory is ranked worse than
62.46% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs EGO: 111.09

Eldorado Gold's Days Inventory increased from Dec. 2022 (94.62) to Dec. 2023 (104.44). It might indicate that Eldorado Gold's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eldorado Gold's Inventory Turnover for the three months ended in Dec. 2023 was 0.87.

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. Eldorado Gold's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.78.

Eldorado Gold Days Inventory Historical Data

The historical data trend for Eldorado 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.

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Eldorado Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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112.62

90.08

96.00

98.33

107.22

Eldorado Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															94.62	110.85	113.37	119.49	104.44

Competitive Comparison

For the Gold subindustry, Eldorado 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.

Eldorado Gold Days Inventory Distribution

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

* The bar in red indicates where Eldorado Gold's Days Inventory falls into.

Eldorado Gold Days Inventory Calculation

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

Eldorado Gold'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
=	( (198.872	+	235.89)	/	2 )	/	740.034	*	365
=	217.381					/	740.034	*	365
=	107.22

Eldorado Gold'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (236.663	+	235.89)	/	2 )	/	206.437	*	365 / 4
=	236.2765					/	206.437	*	365 / 4
=	104.44

Eldorado Gold (NYSE:EGO) 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.

Eldorado Gold's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	206.437	/	236.2765
	=	0.87

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.

Eldorado Gold's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	236.2765	/	300.998
	=	0.78

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.

Eldorado Gold Days Inventory Related Terms

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Eldorado Gold (Eldorado Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eldorado Gold Corp (NYSE:EGO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ELO1:Germany ELD:Canada

Address

550 Burrard Street, Suite 1188, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.eldoradogold.com

Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects.