Resolute Mining (ASX:RSG) Days Inventory : 103.09 (As of Dec. 2023)

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What is Resolute Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Resolute Mining's Average Total Inventories for the six months ended in Dec. 2023 was A$218.5 Mil. Resolute Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was A$386.8 Mil. Hence, Resolute Mining's Days Inventory for the six months ended in Dec. 2023 was 103.09.

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

ASX:RSG' s Days Inventory Range Over the Past 10 Years
Min: 95.96 Med: 145.83 Max: 215.47
Current: 103

During the past 13 years, Resolute Mining's highest Days Inventory was 215.47. The lowest was 95.96. And the median was 145.83.

ASX:RSG's Days Inventory is ranked worse than
57.51% of 659 companies
in the Metals & Mining industry
Industry Median: 88.57 vs ASX:RSG: 103.00

Resolute Mining's Days Inventory increased from Dec. 2022 (92.86) to Dec. 2023 (103.09). It might indicate that Resolute Mining's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Resolute Mining's Inventory Turnover for the six months ended in Dec. 2023 was 1.77.

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. Resolute Mining's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.48.

Resolute Mining Days Inventory Historical Data

The historical data trend for Resolute Mining'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.

Resolute Mining Days Inventory Chart

Resolute Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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128.48

101.87

111.66

95.96

98.94

Resolute Mining 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															106.24	107.47	92.86	106.84	103.09

Competitive Comparison of Resolute Mining's Days Inventory

For the Gold subindustry, Resolute Mining'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.

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

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

* The bar in red indicates where Resolute Mining's Days Inventory falls into.

Resolute Mining Days Inventory Calculation

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

Resolute Mining's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (217.009	+	202.313)	/	2 )	/	773.496	*	365
=	209.661					/	773.496	*	365
=	98.94

Resolute Mining'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
=	( (234.609	+	202.313)	/	2 )	/	386.751	*	365 / 2
=	218.461					/	386.751	*	365 / 2
=	103.09

Resolute Mining (ASX:RSG) 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.

Resolute Mining's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	386.751	/	218.461
	=	1.77

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.

Resolute Mining's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	218.461	/	450.552
	=	0.48

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.

Resolute Mining Days Inventory Related Terms

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

Resolute Mining (ASX:RSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resolute Mining Ltd (ASX:RSG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

RMGGF:USA RSG:UK RSM:Germany

Address

152 St Georges Terrace, Level 37, Central Park Tower, Perth, WA, AUS, 6000

Website

https://www.rml.com.au

Resolute Mining Ltd is an Australia-based gold producer. Its principal activities include gold mining, prospecting, and exploration of minerals. The company organizes its operations into three main business divisions, namely: Mako (Senegal), and Syama (Mali). The firm generates the majority of its revenue from the Syama (Mali) segment. Syama is a robust, long-life asset comprising an underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high-quality, open-pit gold mine.