Barrick Gold (Barrick Gold) Days Inventory

: 78.81 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Barrick Gold's Average Total Inventories for the three months ended in Dec. 2023 was $1,848 Mil. Barrick Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,139 Mil. Hence, Barrick Gold's Days Inventory for the three months ended in Dec. 2023 was 78.81.

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

GOLD' s Days Inventory Range Over the Past 10 Years
Min: 82.49 Med: 108.1 Max: 138.77
Current: 85.35

During the past 13 years, Barrick Gold's highest Days Inventory was 138.77. The lowest was 82.49. And the median was 108.10.

GOLD's Days Inventory is ranked better than
51.37% of 656 companies
in the Metals & Mining industry
Industry Median: 87.22 vs GOLD: 85.35

Barrick Gold's Days Inventory increased from Dec. 2022 (75.69) to Dec. 2023 (78.81). It might indicate that Barrick Gold's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Barrick Gold's Inventory Turnover for the three months ended in Dec. 2023 was 1.16.

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. Barrick Gold's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.60.

Barrick Gold Days Inventory Historical Data

The historical data trend for Barrick 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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Barrick Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

109.35

102.53

92.99

85.57

81.98

Barrick 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																75.69	86.83	89.06	90.08	78.81

Competitive Comparison

For the Gold subindustry, Barrick 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.

Barrick Gold Days Inventory Distribution

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

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

Barrick Gold Days Inventory Calculation

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

Barrick 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
=	( (1781	+	1782)	/	2 )	/	7932	*	365
=	1781.5					/	7932	*	365
=	81.98

Barrick 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
=	( (1913	+	1782)	/	2 )	/	2139	*	365 / 4
=	1847.5					/	2139	*	365 / 4
=	78.81

Barrick Gold (NYSE:GOLD) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2139	/	1847.5
	=	1.16

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1847.5	/	3059
	=	0.60

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.

Barrick Gold Days Inventory Related Terms

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

Barrick Gold (Barrick Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ABX:Peru ABX.N:Mexico 0R22:UK ABR:Germany ABR:Germany ABR:Germany ABR:Germany ABX:Canada

Address

161 Bay Street, Brookfield Place, Suite 3700, P.O. Box 212, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.barrick.com

Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2022, the firm produced nearly 4.1 million attributable ounces of gold and about 440 million pounds of copper. At end 2022, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.