Strategic Minerals (Strategic Minerals) Days Inventory : 6.66 (As of Jun. 2023)

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What is Strategic Minerals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Strategic Minerals's Average Total Inventories for the six months ended in Jun. 2023 was $0.01 Mil. Strategic Minerals's Cost of Goods Sold for the six months ended in Jun. 2023 was $0.14 Mil. Hence, Strategic Minerals's Days Inventory for the six months ended in Jun. 2023 was 6.66.

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

SMCDY' s Days Inventory Range Over the Past 10 Years
Min: 1.74 Med: 3.58 Max: 58.11
Current: 4.02

During the past 13 years, Strategic Minerals's highest Days Inventory was 58.11. The lowest was 1.74. And the median was 3.58.

SMCDY's Days Inventory is ranked better than
98.79% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs SMCDY: 4.02

Strategic Minerals's Days Inventory increased from Jun. 2022 (2.14) to Jun. 2023 (6.66). It might indicate that Strategic Minerals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Strategic Minerals's Inventory Turnover for the six months ended in Jun. 2023 was 27.40.

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. Strategic Minerals's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.01.

Strategic Minerals Days Inventory Historical Data

The historical data trend for Strategic 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.

* Premium members only.

Strategic Minerals Days Inventory Chart

Strategic Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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3.09

2.50

1.95

2.44

3.32

Strategic Minerals 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															2.23	3.07	2.14	2.68	6.66

Competitive Comparison of Strategic Minerals's Days Inventory

For the Other Industrial Metals & Mining subindustry, Strategic 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.

Strategic Minerals's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Strategic Minerals's Days Inventory falls into.

Strategic Minerals Days Inventory Calculation

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

Strategic Minerals's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.004	+	0.005)	/	2 )	/	0.494	*	365
=	0.0045					/	0.494	*	365
=	3.32

Strategic Minerals'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
=	( (0.005	+	0.005)	/	2 )	/	0.137	*	365 / 2
=	0.005					/	0.137	*	365 / 2
=	6.66

Strategic Minerals (OTCPK:SMCDY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.137	/	0.005
	=	27.40

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.005	/	0.782
	=	0.01

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.

Strategic Minerals Days Inventory Related Terms

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

Strategic Minerals (Strategic Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Minerals PLC (OTCPK:SMCDY) » Definitions » Days Inventory

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Traded in Other Exchanges

SML:UK

Address

27/28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.strategicminerals.net

Strategic Minerals PLC is a UK-based mineral production and development company. The principal business activity of the company is the exploration, development, and operation of mining projects. Its operating segments include Southern Minerals Group LLC (SMG), Head Office, Development Asset, and United Kingdom. It derives a majority of the revenue from the SMG segment that is involved in the sale of magnetite to both the US domestic market and historically transported magnetite to port for onward export sale.

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