True North Copper (ASX:TNC) Days Inventory : 40.57 (As of Dec. 2023)

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What is True North Copper Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). True North Copper's Average Total Inventories for the six months ended in Dec. 2023 was A$0.36 Mil. True North Copper's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1.60 Mil. Hence, True North Copper's Days Inventory for the six months ended in Dec. 2023 was 40.57.

The historical rank and industry rank for True North Copper's Days Inventory or its related term are showing as below:

ASX:TNC' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 67.59
Current: 67.59

During the past 4 years, True North Copper's highest Days Inventory was 67.59. The lowest was 0.00. And the median was 0.00.

ASX:TNC's Days Inventory is ranked better than
63.05% of 663 companies
in the Metals & Mining industry
Industry Median: 88.19 vs ASX:TNC: 67.59

True North Copper's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (40.57). It might indicate that True North Copper's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. True North Copper's Inventory Turnover for the six months ended in Dec. 2023 was 4.50.

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. True North Copper's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.30.

True North Copper Days Inventory Historical Data

The historical data trend for True North Copper'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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True North Copper Days Inventory Chart

True North Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Inventory

True North Copper Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	-	-	-	40.57

Competitive Comparison of True North Copper's Days Inventory

For the Copper subindustry, True North Copper'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.

True North Copper's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where True North Copper's Days Inventory falls into.

True North Copper Days Inventory Calculation

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

True North Copper'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
=	( (0	+	0)	/	1 )	/	0.32	*	365
=	0					/	0.32	*	365
=	0.00

True North Copper'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
=	( (0	+	0.355)	/	1 )	/	1.597	*	365 / 2
=	0.355					/	1.597	*	365 / 2
=	40.57

True North Copper (ASX:TNC) 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.

True North Copper's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.597	/	0.355
	=	4.50

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.

True North Copper's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.355	/	1.198
	=	0.30

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.

True North Copper Days Inventory Related Terms

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

True North Copper (ASX:TNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » True North Copper Ltd (ASX:TNC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

46-48 Sheridan Street, PO Box 3006, Level 9, Citi Central Tower, Cairns, QLD, AUS, 4870

Website

https://www.truenorthcopper.com.au

True North Copper Ltd is a mining and exploration company. The company mainly explores copper and cobalt projects located in Cloncurry and Mt Oxide. It has having only one reportable segment, being exploration, development and operations for minerals.