Newcrest Mining (Newcrest Mining) Days Inventory : 86.82 (As of Jun. 2023)

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What is Newcrest Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Newcrest Mining's Average Total Inventories for the six months ended in Jun. 2023 was $607 Mil. Newcrest Mining's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,276 Mil. Hence, Newcrest Mining's Days Inventory for the six months ended in Jun. 2023 was 86.82.

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

NCMGY' s Days Inventory Range Over the Past 10 Years
Min: 77.85 Med: 102.87 Max: 128.37
Current: 91.95

During the past 13 years, Newcrest Mining's highest Days Inventory was 128.37. The lowest was 77.85. And the median was 102.87.

NCMGY's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 88.605 vs NCMGY: 91.95

Newcrest Mining's Days Inventory declined from Jun. 2022 (95.11) to Jun. 2023 (86.82).

Inventory Turnover measures how fast the company turns over its inventory within a year. Newcrest Mining's Inventory Turnover for the six months ended in Jun. 2023 was 2.10.

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. Newcrest Mining's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.26.

Newcrest Mining Days Inventory Historical Data

The historical data trend for Newcrest Mining'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.

Newcrest Mining Days Inventory Chart

Newcrest Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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107.35

105.50

94.09

102.77

94.58

Newcrest Mining Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															94.57	103.00	95.11	99.31	86.82

Competitive Comparison of Newcrest Mining's Days Inventory

For the Gold subindustry, Newcrest Mining'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.

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

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

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

Newcrest Mining Days Inventory Calculation

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

Newcrest Mining's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (633	+	615)	/	2 )	/	2408	*	365
=	624					/	2408	*	365
=	94.58

Newcrest Mining'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
=	( (599	+	615)	/	2 )	/	1276	*	365 / 2
=	607					/	1276	*	365 / 2
=	86.82

Newcrest Mining (OTCPK:NCMGY) 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.

Newcrest Mining's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1276	/	607
	=	2.10

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.

Newcrest Mining's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	607	/	2371
	=	0.26

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.

Newcrest Mining Days Inventory Related Terms

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

Newcrest Mining (Newcrest Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newcrest Mining Ltd (OTCPK:NCMGY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Saint Kilda Road, Level 8, Melbourne, VIC, AUS, 3004

Website

https://www.newcrest.com.au

Newcrest is an Australia-based gold and, to a lesser extent, copper miner. Operations are mainly in Australia and Papua New Guinea. The company also owns a 32% stake in the Fruta Del Norte gold mine in Ecuador, while the acquisition of Brucejack in 2022 adds to its 70% stake in the Red Chris mine in Canada. The company is likely to produce around 2 million ounces of gold per year over the next decade, making it one of the larger global gold producers but still only accounting for less than 2% of total supply. Cash costs are below the industry average, underpinned by improvements at Lihir and Cadia. Organic growth options include its Havieron prospect, the Red Chris underground mine, and the high-grade Wafi-Golpu copper-gold prospect in PNG.