Emerald Resources NL (ASX:EMR) Days Inventory : 118.74 (As of Dec. 2023)

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What is Emerald Resources NL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Emerald Resources NL's Average Total Inventories for the six months ended in Dec. 2023 was A$39.6 Mil. Emerald Resources NL's Cost of Goods Sold for the six months ended in Dec. 2023 was A$60.8 Mil. Hence, Emerald Resources NL's Days Inventory for the six months ended in Dec. 2023 was 118.74.

The historical rank and industry rank for Emerald Resources NL's Days Inventory or its related term are showing as below:

ASX:EMR' s Days Inventory Range Over the Past 10 Years
Min: 90.23 Med: 101.01 Max: 119.42
Current: 119.42

During the past 13 years, Emerald Resources NL's highest Days Inventory was 119.42. The lowest was 90.23. And the median was 101.01.

ASX:EMR's Days Inventory is ranked worse than
66.97% of 663 companies
in the Metals & Mining industry
Industry Median: 88.64 vs ASX:EMR: 119.42

Emerald Resources NL's Days Inventory declined from Dec. 2022 (122.46) to Dec. 2023 (118.74).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Emerald Resources NL's Inventory Turnover for the six months ended in Dec. 2023 was 1.54.

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. Emerald Resources NL's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.23.

Emerald Resources NL Days Inventory Historical Data

The historical data trend for Emerald Resources NL'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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Emerald Resources NL Days Inventory Chart

Emerald Resources NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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90.23

111.78

Emerald Resources NL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															134.22	105.20	122.46	117.44	118.74

Competitive Comparison of Emerald Resources NL's Days Inventory

For the Gold subindustry, Emerald Resources NL'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.

Emerald Resources NL's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Emerald Resources NL's Days Inventory falls into.

Emerald Resources NL Days Inventory Calculation

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

Emerald Resources NL'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
=	( (32.87	+	38.141)	/	2 )	/	115.941	*	365
=	35.5055					/	115.941	*	365
=	111.78

Emerald Resources NL'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (38.141	+	41.026)	/	2 )	/	60.839	*	365 / 2
=	39.5835					/	60.839	*	365 / 2
=	118.74

Emerald Resources NL (ASX:EMR) 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.

Emerald Resources NL's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	60.839	/	39.5835
	=	1.54

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.

Emerald Resources NL's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	39.5835	/	174.746
	=	0.23

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.

Emerald Resources NL Days Inventory Related Terms

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

Emerald Resources NL (ASX:EMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Emerald Resources NL (ASX:EMR) » Definitions » Days Inventory

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EOGSF:USA

Address

1110 Hay Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.emeraldresources.com.au

Emerald Resources NL is engaged in mineral exploration primarily in Cambodia and advancing the company's Okvau Gold Project. The company segment is based on geographical regions, namely Cambodia, Australia, and Corporate. The company's project includes Cambodia Gold project and the Magoffin County project.