Days Inventory is also known as Days Sales of Inventory (DSI). Kumba Iron Ore's Average Total Inventories for the
six
months ended in Dec. 2023 was $595 Mil. Kumba Iron Ore's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $265 Mil.
Hence, Kumba Iron Ore's Days Inventory for the
six
months ended in Dec. 2023 was 410.64.
The historical rank and industry rank for Kumba Iron Ore's Days Inventory or its related term are showing as below:
KIROY'
s Days Inventory Range Over the Past 10 Years
Min: 112.34 Med: 158.06 Max: 493.39
Current: 429.66
During the past 13 years, Kumba Iron Ore's highest Days Inventory was 493.39. The lowest was 112.34. And the median was 158.06.
KIROY's Days Inventory is ranked worse than 98.08% of 573
companies
in the Steel industry
Industry Median: 85.58
vs KIROY: 429.66
Kumba Iron Ore's Days Inventory
declined
from Dec. 2022 (1,790.68) to Dec. 2023 (410.64).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Kumba Iron Ore's Inventory Turnover for the
six
months ended in Dec. 2023 was 0.44.
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.
Kumba Iron Ore's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.23.
Kumba Iron Ore Days Inventory Historical Data
The historical data trend for Kumba Iron Ore'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.
Kumba Iron Ore Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
184.90
243.26
229.34
512.48
431.17
Kumba Iron Ore 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
312.33
257.55
1,790.68
484.67
410.64
Competitive Comparison
For the Steel subindustry, Kumba Iron Ore'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.
Kumba Iron Ore Days Inventory Distribution
For the Steel industry and Basic Materials sector, Kumba Iron Ore's Days Inventory distribution charts can be found below:
* The bar in red indicates where Kumba Iron Ore's Days Inventory falls into.
Kumba Iron Ore Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Kumba Iron Ore's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Kumba Iron Ore (OTCPK:KIROY) 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.
Kumba Iron Ore's Inventory Turnover for the
six
months ended in Dec. 2023 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.
Kumba Iron Ore's Inventory to Revenue for the
six
months ended in Dec. 2023 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.
Kumba Iron Ore Days Inventory Related Terms
Thank you for viewing the detailed overview of Kumba Iron Ore's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Kumba Iron Ore (Kumba Iron Ore) Business Description
Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. The company primarily operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake, located near the town of Kathu in the Northern Cape Province. The Sishen mine is an opencast mine and produces the bulk of the group's iron ore, most of which is exported. It also holds interest in Kolomela mine.
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