Atlas Consolidated Mining & Development (PHS:AT) Days Inventory : 21.98 (As of Dec. 2023)

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What is Atlas Consolidated Mining & Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Atlas Consolidated Mining & Development's Average Total Inventories for the three months ended in Dec. 2023 was ₱1,023 Mil. Atlas Consolidated Mining & Development's Cost of Goods Sold for the three months ended in Dec. 2023 was ₱4,248 Mil. Hence, Atlas Consolidated Mining & Development's Days Inventory for the three months ended in Dec. 2023 was 21.98.

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

PHS:AT' s Days Inventory Range Over the Past 10 Years
Min: 23.81 Med: 51.18 Max: 80.28
Current: 23.81

During the past 13 years, Atlas Consolidated Mining & Development's highest Days Inventory was 80.28. The lowest was 23.81. And the median was 51.18.

PHS:AT's Days Inventory is ranked better than
92.62% of 664 companies
in the Metals & Mining industry
Industry Median: 88.535 vs PHS:AT: 23.81

Atlas Consolidated Mining & Development's Days Inventory declined from Dec. 2022 (24.14) to Dec. 2023 (21.98).

Inventory Turnover measures how fast the company turns over its inventory within a year. Atlas Consolidated Mining & Development's Inventory Turnover for the three months ended in Dec. 2023 was 4.15.

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. Atlas Consolidated Mining & Development's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.20.

Atlas Consolidated Mining & Development Days Inventory Historical Data

The historical data trend for Atlas Consolidated Mining & Development'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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Atlas Consolidated Mining & Development Days Inventory Chart

Atlas Consolidated Mining & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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52.58

38.73

42.77

31.03

24.33

Atlas Consolidated Mining & Development 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															24.14	23.80	23.49	25.75	21.98

Competitive Comparison of Atlas Consolidated Mining & Development's Days Inventory

For the Copper subindustry, Atlas Consolidated Mining & Development'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.

Atlas Consolidated Mining & Development's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Atlas Consolidated Mining & Development's Days Inventory falls into.

Atlas Consolidated Mining & Development Days Inventory Calculation

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

Atlas Consolidated Mining & Development'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
=	( (1053.628	+	1011.04)	/	2 )	/	15484.092	*	365
=	1032.334					/	15484.092	*	365
=	24.33

Atlas Consolidated Mining & Development'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
=	( (1035.565	+	1011.04)	/	2 )	/	4247.567	*	365 / 4
=	1023.3025					/	4247.567	*	365 / 4
=	21.98

Atlas Consolidated Mining & Development (PHS:AT) 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.

Atlas Consolidated Mining & Development's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4247.567	/	1023.3025
	=	4.15

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.

Atlas Consolidated Mining & Development's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1023.3025	/	5086.153
	=	0.20

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.

Atlas Consolidated Mining & Development Days Inventory Related Terms

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

Atlas Consolidated Mining & Development (PHS:AT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Consolidated Mining & Development Corp (PHS:AT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Palm Coast Avenue Corner Pacific Drive, 5th Floor, Five E-Com Center, Mall of Asia Complex, Metro Manila, Pasay, RIZ, PHL, 1300

Website

https://www.atlasmining.com.ph

Atlas Consolidated Mining & Development Corp is engaged in metallic mineral mining and exploration and produces copper concentrate, magnetite iron ore concentrate, and others. The company operates in two segments Mining and Non-Mining. Its mining segment is engaged in exploration and mining operations and the non-mining segment is engaged in services, bulk water supply or acts as holding company. The company generates a majority of its revenue from the Mining Segment. It is also engaged in the development and commercial production of other marketable by-products such as pyrite, magnetite, and molybdenum.