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Mongolian Mining (Mongolian Mining) Days Inventory : 59.95 (As of Dec. 2023)


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What is Mongolian Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mongolian Mining's Average Total Inventories for the six months ended in Dec. 2023 was $99 Mil. Mongolian Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was $302 Mil. Hence, Mongolian Mining's Days Inventory for the six months ended in Dec. 2023 was 59.95.

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

MOGLF' s Days Inventory Range Over the Past 10 Years
Min: 61.63   Med: 103.3   Max: 299.8
Current: 61.63

During the past 13 years, Mongolian Mining's highest Days Inventory was 299.80. The lowest was 61.63. And the median was 103.30.

MOGLF's Days Inventory is ranked better than
67.89% of 573 companies
in the Steel industry
Industry Median: 85.66 vs MOGLF: 61.63

Mongolian Mining's Days Inventory declined from Dec. 2022 (70.06) to Dec. 2023 (59.95).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mongolian Mining's Inventory Turnover for the six months ended in Dec. 2023 was 3.04.

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. Mongolian Mining's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.19.


Mongolian Mining Days Inventory Historical Data

The historical data trend for Mongolian 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.

Mongolian Mining Days Inventory Chart

Mongolian Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 102.09 136.34 300.53 106.17 62.07

Mongolian 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 321.80 220.98 70.06 63.20 59.95

Competitive Comparison of Mongolian Mining's Days Inventory

For the Coking Coal subindustry, Mongolian 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.


Mongolian Mining's Days Inventory Distribution in the Steel Industry

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

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



Mongolian Mining Days Inventory Calculation

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

Mongolian 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
=( (102.794 + 98.952) / 2 ) / 593.18*365
=100.873 / 593.18*365
=62.07

Mongolian 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
=( (99.172 + 98.952) / 2 ) / 301.583*365 / 2
=99.062 / 301.583*365 / 2
=59.95

* 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.


Mongolian Mining  (OTCPK:MOGLF) 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.

Mongolian Mining's Inventory Turnover for the six months ended in Dec. 2023 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.

Mongolian Mining's Inventory to Revenue for the six months ended in Dec. 2023 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.


Mongolian Mining Days Inventory Related Terms

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


Mongolian Mining (Mongolian Mining) Business Description

Traded in Other Exchanges
Address
Central Tower, 16th Floor, Sukhbaatar District, Ulaanbaatar, MNG, 14200
Mongolian Mining Corp, together with its subsidiaries, engages in the mining, processing, transportation, and sale of coal products in Mongolia. The company owns and operates the Ukhaa Khudag and the Baruun Naran open-pit coking coal mines located in the Umnugobi aimag, Mongolia. The company generates revenue from the sale of Washed hard-coking coal, Washed semi-soft coking coal, Washed thermal coal, and Raw thermal coal. The majority of the revenue is generated from the sale of Washed hard-coking coal. China accounts for the majority of the sale of its products.

Mongolian Mining (Mongolian Mining) Headlines

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