Tungsten West (LSE:TUN) Days Inventory : 16.82 (As of Sep. 2023)

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What is Tungsten West Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tungsten West's Average Total Inventories for the six months ended in Sep. 2023 was £0.07 Mil. Tungsten West's Cost of Goods Sold for the six months ended in Sep. 2023 was £0.78 Mil. Hence, Tungsten West's Days Inventory for the six months ended in Sep. 2023 was 16.82.

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

LSE:TUN' s Days Inventory Range Over the Past 10 Years
Min: 14.22 Med: 19.57 Max: 32.3
Current: 32.3

During the past 4 years, Tungsten West's highest Days Inventory was 32.30. The lowest was 14.22. And the median was 19.57.

LSE:TUN's Days Inventory is ranked better than
86.45% of 664 companies
in the Metals & Mining industry
Industry Median: 88.535 vs LSE:TUN: 32.30

Tungsten West's Days Inventory increased from Sep. 2022 (10.57) to Sep. 2023 (16.82). It might indicate that Tungsten West's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tungsten West's Inventory Turnover for the six months ended in Sep. 2023 was 10.85.

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. Tungsten West's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.10.

Tungsten West Days Inventory Historical Data

The historical data trend for Tungsten West'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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Tungsten West Days Inventory Chart

Tungsten West Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

14.22

24.92

Tungsten West Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			-	24.20	10.57	671.60	16.82

Competitive Comparison of Tungsten West's Days Inventory

For the Other Industrial Metals & Mining subindustry, Tungsten West'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.

Tungsten West's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tungsten West's Days Inventory falls into.

Tungsten West Days Inventory Calculation

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

Tungsten West'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
=	( (0.157	+	0.114)	/	2 )	/	1.985	*	365
=	0.1355					/	1.985	*	365
=	24.92

Tungsten West's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.114	+	0.03)	/	2 )	/	0.781	*	365 / 2
=	0.072					/	0.781	*	365 / 2
=	16.82

Tungsten West (LSE:TUN) 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.

Tungsten West's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.781	/	0.072
	=	10.85

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.

Tungsten West's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.072	/	0.722
	=	0.10

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.

Tungsten West Days Inventory Related Terms

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

Tungsten West (LSE:TUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tungsten West PLC (LSE:TUN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

540:Germany

Address

Hemerdon Mine, Drakelands, Plympton, Plymouth, Devon, GBR, PL7 5BS

Website

https://www.tungstenwest.com

Tungsten West PLC owns and operates historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon, England. It has a compliant Mineral Resource of approximately 325Mt at 0.12 per cent. WO3. The company's main country of operation is the United Kingdom.

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