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Discovery Metals (ASX:DML) Days Inventory : 30.75 (As of Jun. 2014)


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What is Discovery Metals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Discovery Metals's Average Total Inventories for the six months ended in Jun. 2014 was A$14.4 Mil. Discovery Metals's Cost of Goods Sold for the six months ended in Jun. 2014 was A$170.5 Mil. Hence, Discovery Metals's Days Inventory for the six months ended in Jun. 2014 was 15.37.

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

ASX:DML's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 87.85
* Ranked among companies with meaningful Days Inventory only.

Discovery Metals's Days Inventory increased from Jun. 2012 (0.00) to Jun. 2014 (30.75). It might indicate that Discovery Metals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Discovery Metals's Inventory Turnover for the six months ended in Jun. 2014 was 11.87.

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. Discovery Metals's Inventory-to-Revenue for the six months ended in Jun. 2014 was 0.11.


Discovery Metals Days Inventory Historical Data

The historical data trend for Discovery 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.

* Premium members only.

Discovery Metals Days Inventory Chart

Discovery Metals Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 30.75

Discovery Metals Semi-Annual Data
Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - 30.75

Competitive Comparison of Discovery Metals's Days Inventory

For the Other Industrial Metals & Mining subindustry, Discovery 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.


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

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

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



Discovery Metals Days Inventory Calculation

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

Discovery Metals's Days Inventory for the fiscal year that ended in Jun. 2014 is calculated as

Days Inventory (A: Jun. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2013 ) + Total Inventories (A: Jun. 2014 )) / count ) / Cost of Goods Sold (A: Jun. 2014 )*Days in Period
=( (15.904 + 12.828) / 2 ) / 170.539*365
=14.366 / 170.539*365
=30.75

Discovery Metals's Days Inventory for the quarter that ended in Jun. 2014 is calculated as:

Days Inventory (Q: Jun. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2013 ) + Total Inventories (Q: Jun. 2014 )) / count ) / Cost of Goods Sold (Q: Jun. 2014 )*Days in Period
=( (15.904 + 12.828) / 2 ) / 170.539*365 / 2
=14.366 / 170.539*365 / 2
=15.37

* 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.


Discovery Metals  (ASX:DML) 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.

Discovery Metals's Inventory Turnover for the six months ended in Jun. 2014 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.

Discovery Metals's Inventory to Revenue for the six months ended in Jun. 2014 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.


Discovery Metals Days Inventory Related Terms

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


Discovery Metals (ASX:DML) Business Description

Traded in Other Exchanges
N/A
Address
Discovery Metals Limited (DML) is incorporated in Australia. It is engaged in nickel and copper exploration company. The company focuses on the exploration and development on its two major projects in Botswana being the Maun Copper Project and the Dikoloti Nickel Project.

Discovery Metals (ASX:DML) Headlines

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