Iamgold (Iamgold) Days Inventory : 95.52 (As of Dec. 2023)

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What is Iamgold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Iamgold's Average Total Inventories for the three months ended in Dec. 2023 was $259.4 Mil. Iamgold's Cost of Goods Sold for the three months ended in Dec. 2023 was $247.8 Mil. Hence, Iamgold's Days Inventory for the three months ended in Dec. 2023 was 95.52.

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

IAG' s Days Inventory Range Over the Past 10 Years
Min: 80.77 Med: 102.91 Max: 141.29
Current: 101.88

During the past 13 years, Iamgold's highest Days Inventory was 141.29. The lowest was 80.77. And the median was 102.91.

IAG's Days Inventory is ranked worse than
57.6% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs IAG: 101.88

Iamgold's Days Inventory declined from Dec. 2022 (133.78) to Dec. 2023 (95.52).

Inventory Turnover measures how fast the company turns over its inventory within a year. Iamgold's Inventory Turnover for the three months ended in Dec. 2023 was 0.96.

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. Iamgold's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.87.

Iamgold Days Inventory Historical Data

The historical data trend for Iamgold'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.

Iamgold Days Inventory Chart

Iamgold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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106.89

117.04

141.23

112.98

98.59

Iamgold 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															133.78	108.04	103.98	104.24	95.52

Competitive Comparison of Iamgold's Days Inventory

For the Gold subindustry, Iamgold'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.

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

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

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

Iamgold Days Inventory Calculation

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

Iamgold'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
=	( (199.9	+	266.3)	/	2 )	/	863	*	365
=	233.1					/	863	*	365
=	98.59

Iamgold'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
=	( (252.5	+	266.3)	/	2 )	/	247.8	*	365 / 4
=	259.4					/	247.8	*	365 / 4
=	95.52

Iamgold (NYSE:IAG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	247.8	/	259.4
	=	0.96

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	259.4	/	297.6
	=	0.87

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.

Iamgold Days Inventory Related Terms

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

Iamgold (Iamgold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iamgold Corp (NYSE:IAG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

IAL:Germany IAL:Germany IMG:Canada

Address

401 Bay Street, Suite 3200, P.O. Box 153, Toronto, ON, CAN, M5H 2Y4

Website

https://www.iamgold.com

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.