Silvercorp Metals (Silvercorp Metals) Days Inventory : 25.72 (As of Dec. 2023)

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What is Silvercorp Metals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Silvercorp Metals's Average Total Inventories for the three months ended in Dec. 2023 was $9.9 Mil. Silvercorp Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was $35.2 Mil. Hence, Silvercorp Metals's Days Inventory for the three months ended in Dec. 2023 was 25.72.

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

SVM' s Days Inventory Range Over the Past 10 Years
Min: 21.14 Med: 30.99 Max: 39.39
Current: 23.98

During the past 13 years, Silvercorp Metals's highest Days Inventory was 39.39. The lowest was 21.14. And the median was 30.99.

SVM's Days Inventory is ranked better than
92.1% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs SVM: 23.98

Silvercorp Metals's Days Inventory increased from Dec. 2022 (18.69) to Dec. 2023 (25.72). It might indicate that Silvercorp Metals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Silvercorp Metals's Inventory Turnover for the three months ended in Dec. 2023 was 3.55.

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. Silvercorp Metals's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.17.

Silvercorp Metals Days Inventory Historical Data

The historical data trend for Silvercorp Metals'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.

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Silvercorp Metals Days Inventory Chart

Silvercorp Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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40.05

35.35

30.77

25.80

23.21

Silvercorp Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															18.69	29.38	18.85	20.39	25.72

Competitive Comparison of Silvercorp Metals's Days Inventory

For the Silver subindustry, Silvercorp Metals'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.

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

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

* The bar in red indicates where Silvercorp Metals's Days Inventory falls into.

Silvercorp Metals Days Inventory Calculation

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

Silvercorp Metals's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (9.124	+	8.343)	/	2 )	/	137.346	*	365
=	8.7335					/	137.346	*	365
=	23.21

Silvercorp Metals's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.949	+	11.893)	/	2 )	/	35.201	*	365 / 4
=	9.921					/	35.201	*	365 / 4
=	25.72

Silvercorp Metals (AMEX:SVM) 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.

Silvercorp Metals's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35.201	/	9.921
	=	3.55

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.

Silvercorp Metals's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.921	/	58.508
	=	0.17

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.

Silvercorp Metals Days Inventory Related Terms

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

Silvercorp Metals (Silvercorp Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silvercorp Metals Inc (AMEX:SVM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

S9Y:Germany SVM:Canada

Address

1066 West Hastings Street, Suite 1750, Vancouver, BC, CAN, V6E 3X1

Website

http://www.silvercorp.ca

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc. The company creates shareholder's value by focusing on generating free cash flow from long-life mines; organic growth through extensive drilling for discovery; equity investments in potential world-class opportunities; ongoing merger and acquisition efforts to unlock value; and long-term commitment to responsible mining and ESG.