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Nevsun Resources (Nevsun Resources) Days Inventory : 114.27 (As of Sep. 2018)


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What is Nevsun Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nevsun Resources's Average Total Inventories for the three months ended in Sep. 2018 was $93.0 Mil. Nevsun Resources's Cost of Goods Sold for the three months ended in Sep. 2018 was $74.3 Mil. Hence, Nevsun Resources's Days Inventory for the three months ended in Sep. 2018 was 114.27.

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

NSU's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 87.34
* Ranked among companies with meaningful Days Inventory only.

Nevsun Resources's Days Inventory increased from Sep. 2017 (102.50) to Sep. 2018 (114.27). It might indicate that Nevsun Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nevsun Resources's Inventory Turnover for the three months ended in Sep. 2018 was 0.80.

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. Nevsun Resources's Inventory-to-Revenue for the three months ended in Sep. 2018 was 1.30.


Nevsun Resources Days Inventory Historical Data

The historical data trend for Nevsun Resources'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.

Nevsun Resources Days Inventory Chart

Nevsun Resources Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 231.39 103.93 113.54 188.58 101.29

Nevsun Resources Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 102.50 81.35 85.02 99.34 114.27

Competitive Comparison of Nevsun Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Nevsun Resources'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.


Nevsun Resources's Days Inventory Distribution in the Metals & Mining Industry

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

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



Nevsun Resources Days Inventory Calculation

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

Nevsun Resources's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

Days Inventory (A: Dec. 2017 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2016 ) + Total Inventories (A: Dec. 2017 )) / count ) / Cost of Goods Sold (A: Dec. 2017 )*Days in Period
=( (75.462 + 72.261) / 2 ) / 266.148*365
=73.8615 / 266.148*365
=101.29

Nevsun Resources's Days Inventory for the quarter that ended in Sep. 2018 is calculated as:

Days Inventory (Q: Sep. 2018 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2018 ) + Total Inventories (Q: Sep. 2018 )) / count ) / Cost of Goods Sold (Q: Sep. 2018 )*Days in Period
=( (88.963 + 97.017) / 2 ) / 74.258*365 / 4
=92.99 / 74.258*365 / 4
=114.27

* 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.


Nevsun Resources  (AMEX:NSU) 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.

Nevsun Resources's Inventory Turnover for the three months ended in Sep. 2018 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.

Nevsun Resources's Inventory to Revenue for the three months ended in Sep. 2018 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.


Nevsun Resources Days Inventory Related Terms

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


Nevsun Resources (Nevsun Resources) Business Description

Traded in Other Exchanges
N/A
Address
1066 West Hastings Street, Suite 1750, Vancouver, BC, CAN, V6E 3X1
Nevsun Resources Ltd is involved in acquisition, exploration, development and operation of mineral property interests. The company primarily engages in copper and zinc production at Bisha, a large, high-grade volcanogenic massive sulphide deposit located 150km west of Asmara, Eritrea, East Africa. The company generates revenue through the sale of copper and zinc concentrates which contain gold and silver by-products. Bisha is mined using conventional drill and blast open pit mining techniques to remove waste and deliver ore to the run of mine stock pile. Nevsun Resources also operates a high-grade copper and gold Timok project, a high-grade deposit located in the Bor mining district, in Serbia.