Days Inventory is also known as Days Sales of Inventory (DSI). Oz Minerals's Average Total Inventories for the
six
months ended in Dec. 2022 was $219 Mil. Oz Minerals's Cost of Goods Sold for the
six
months ended in Dec. 2022 was $34 Mil.
Hence, Oz Minerals's Days Inventory for the
six
months ended in Dec. 2022 was 1,174.13.
The historical rank and industry rank for Oz Minerals's Days Inventory or its related term are showing as below:
OZMLF'
s Days Inventory Range Over the Past 10 Years
Min: 181.7 Med: 695.32 Max: 4735.34
Current: 1663.81
During the past 13 years, Oz Minerals's highest Days Inventory was 4735.34. The lowest was 181.70. And the median was 695.32.
OZMLF's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 87.34
vs OZMLF: 1663.81
Oz Minerals's Days Inventory
increased
from Dec. 2021 (753.56) to Dec. 2022 (1,174.13).
It might indicate that Oz Minerals's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Oz Minerals's Inventory Turnover for the
six
months ended in Dec. 2022 was 0.16.
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.
Oz Minerals's Inventory-to-Revenue for the
six
months ended in Dec. 2022 was 0.32.
Oz Minerals Days Inventory Historical Data
The historical data trend for Oz Minerals'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.
Competitive Comparison of Oz Minerals's Days Inventory
For the Copper subindustry, Oz Minerals'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.
Oz Minerals's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Oz Minerals's Days Inventory distribution charts can be found below:
* The bar in red indicates where Oz Minerals's Days Inventory falls into.
Oz Minerals Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Oz Minerals's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Oz Minerals (OTCPK:OZMLF) 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.
Oz Minerals's Inventory Turnover for the
six
months ended in Dec. 2022 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.
Oz Minerals's Inventory to Revenue for the
six
months ended in Dec. 2022 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.
Oz Minerals Days Inventory Related Terms
Thank you for viewing the detailed overview of Oz Minerals's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Oz Minerals is a midtier miner that produced 125,000 metric tons of copper and 240,000 ounces of gold in 2021. Production is mainly from Carrapateena and Prominent Hill mines in South Australia, with Brazil a minor contributor. It is increasing production at its Australian mines while also pursuing incremental production in Brazil, targeting annual production of 220,000 metric tons of copper and 400,000 ounces of gold later this decade. Carrapateena and Prominent Hill's cash costs will likely remain in the lowest quartile of the cost curve once expanded, while Brazilian operations are smaller and higher cost. The West Musgrave nickel project in Western Australia is likely to be approved in 2022, which will add an average of 26,000 metric tons of nickel for its 20-year-plus life.
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