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Orvana Minerals (Orvana Minerals) Days Inventory : 48.45 (As of Dec. 2023)


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What is Orvana Minerals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Orvana Minerals's Average Total Inventories for the three months ended in Dec. 2023 was $11.76 Mil. Orvana Minerals's Cost of Goods Sold for the three months ended in Dec. 2023 was $22.14 Mil. Hence, Orvana Minerals's Days Inventory for the three months ended in Dec. 2023 was 48.45.

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

ORVMF' s Days Inventory Range Over the Past 10 Years
Min: 39.49   Med: 48.96   Max: 60.33
Current: 55.36

During the past 13 years, Orvana Minerals's highest Days Inventory was 60.33. The lowest was 39.49. And the median was 48.96.

ORVMF's Days Inventory is ranked better than
71.43% of 658 companies
in the Metals & Mining industry
Industry Median: 87.15 vs ORVMF: 55.36

Orvana Minerals's Days Inventory declined from Dec. 2022 (53.48) to Dec. 2023 (48.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. Orvana Minerals's Inventory Turnover for the three months ended in Dec. 2023 was 1.88.

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. Orvana Minerals's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.58.


Orvana Minerals Days Inventory Historical Data

The historical data trend for Orvana Minerals'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.

Orvana Minerals Days Inventory Chart

Orvana Minerals Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.16 55.65 54.55 49.95 49.56

Orvana Minerals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 53.48 62.22 64.92 52.48 48.45

Competitive Comparison of Orvana Minerals's Days Inventory

For the Other Precious Metals & Mining subindustry, Orvana Minerals'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.


Orvana Minerals's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Orvana Minerals's Days Inventory falls into.



Orvana Minerals Days Inventory Calculation

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

Orvana Minerals's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

Days Inventory (A: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2022 ) + Total Inventories (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (12.415 + 12.678) / 2 ) / 92.397*365
=12.5465 / 92.397*365
=49.56

Orvana Minerals'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (12.678 + 10.833) / 2 ) / 22.139*365 / 4
=11.7555 / 22.139*365 / 4
=48.45

* 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.


Orvana Minerals  (OTCPK:ORVMF) 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.

Orvana Minerals's Inventory Turnover for the three 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.

Orvana Minerals's Inventory to Revenue for the three 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.


Orvana Minerals Days Inventory Related Terms

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


Orvana Minerals (Orvana Minerals) Business Description

Traded in Other Exchanges
Address
70 York Street, Suite 1710, Toronto, ON, CAN, M5J 1S9
Orvana Minerals Corp is a Canadian mining and exploration company that is involved in the evaluation, development, and mining of precious and base metal deposits. The company predominantly operates in the gold and copper mining industry and its majority of the products are gold dore and gold/copper concentrates. Its properties include El Valle and Carles mines and the El Valle processing plant (collectively, El Valle), producer of copper concentrate and dore, Don Mario Operation and Taguas Property. The company's segments include Orovalle, which operates El Valle Mine in Spain, EMIPA which operates Don Mario Mine in Bolivia, Orvana Argentina and Corporate. Majority of the revenue for the company is generated from its Orovalle segment.