Energy Resources of Australia (Energy Resources of Australia) Days Inventory

: 1,690.52 (As of Jun. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Energy Resources of Australia's Average Total Inventories for the six months ended in Jun. 2023 was $5.30 Mil. Energy Resources of Australia's Cost of Goods Sold for the six months ended in Jun. 2023 was $0.57 Mil. Hence, Energy Resources of Australia's Days Inventory for the six months ended in Jun. 2023 was 1,690.52.

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

EGRAY' s Days Inventory Range Over the Past 10 Years
Min: 79.52 Med: 408.38 Max: 2550.69
Current: 2550.69

During the past 13 years, Energy Resources of Australia's highest Days Inventory was 2550.69. The lowest was 79.52. And the median was 408.38.

EGRAY's Days Inventory is ranked worse than
99.13% of 115 companies
in the Other Energy Sources industry
Industry Median: 29.96 vs EGRAY: 2550.69

Energy Resources of Australia's Days Inventory increased from Jun. 2022 (149.03) to Jun. 2023 (1,690.52). It might indicate that Energy Resources of Australia's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Energy Resources of Australia's Inventory Turnover for the six months ended in Jun. 2023 was 0.11.

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.

Energy Resources of Australia Days Inventory Historical Data

The historical data trend for Energy Resources of Australia'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.

Energy Resources of Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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879.42

562.91

254.75

316.35

79.86

Energy Resources of Australia 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															129.30	149.03	19,571.22	1,690.52	5,560.72

Competitive Comparison

For the Uranium subindustry, Energy Resources of Australia'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.

Energy Resources of Australia Days Inventory Distribution

For the Other Energy Sources industry and Energy sector, Energy Resources of Australia's Days Inventory distribution charts can be found below:

* The bar in red indicates where Energy Resources of Australia's Days Inventory falls into.

Energy Resources of Australia Days Inventory Calculation

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

Energy Resources of Australia'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
=	( (5.438	+	4.896)	/	2 )	/	23.616	*	365
=	5.167					/	23.616	*	365
=	79.86

Energy Resources of Australia's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (5.438	+	5.159)	/	2 )	/	0.572	*	365 / 2
=	5.2985					/	0.572	*	365 / 2
=	1,690.52

Energy Resources of Australia (OTCPK:EGRAY) 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.

Energy Resources of Australia's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.572	/	5.2985
	=	0.11

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.

Energy Resources of Australia's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.2985	/	0
	=

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.

Energy Resources of Australia Days Inventory Related Terms

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

Energy Resources of Australia (Energy Resources of Australia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Energy Resources of Australia Ltd (OTCPK:EGRAY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

EGRAF:USA EJ7:Germany ERA:Australia

Address

18-20 Cavenagh Street, GPO Box 2394, Level 3, Energy House, Darwin, NT, AUS, 0801

Website

http://www.energyres.com.au

Energy Resources of Australia Ltd (ERA) is engaged in mining, processing, and sale of uranium oxide. It operates the Ranger uranium mine. The Ranger mine's operational infrastructure lies within the 79-square kilometer Ranger Project Area, which is located eight kilometers east of Jabiru and 260 kilometers east of Darwin, in the Northern Territory of Australia.

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