Days Inventory is also known as Days Sales of Inventory (DSI). TRX Gold's Average Total Inventories for the
three
months ended in Feb. 2024 was $5.64 Mil. TRX Gold's Cost of Goods Sold for the
three
months ended in Feb. 2024 was $4.71 Mil.
Hence, TRX Gold's Days Inventory for the
three
months ended in Feb. 2024 was 109.24.
The historical rank and industry rank for TRX Gold's Days Inventory or its related term are showing as below:
TRX'
s Days Inventory Range Over the Past 10 Years
Min: 24.66 Med: 391.07 Max: 904.57
Current: 87.27
During the past 13 years, TRX Gold's highest Days Inventory was 904.57. The lowest was 24.66. And the median was 391.07.
TRX's Days Inventory is ranked better than 50.91% of 658
companies
in the Metals & Mining industry
Industry Median: 88.385
vs TRX: 87.27
TRX Gold's Days Inventory
increased
from Feb. 2023 (72.03) to Feb. 2024 (109.24).
It might indicate that TRX Gold's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
TRX Gold's Inventory Turnover for the
three
months ended in Feb. 2024 was 0.84.
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.
TRX Gold's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 0.71.
TRX Gold Days Inventory Historical Data
The historical data trend for TRX Gold'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.
Competitive Comparison of TRX Gold's Days Inventory
For the Gold subindustry, TRX Gold'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.
TRX Gold's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, TRX Gold's Days Inventory distribution charts can be found below:
* The bar in red indicates where TRX Gold's Days Inventory falls into.
TRX Gold Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
TRX Gold's Days Inventory for the fiscal year that ended in Aug. 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.
TRX Gold (AMEX:TRX) 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.
TRX Gold's Inventory Turnover for the
three
months ended in Feb. 2024 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.
TRX Gold's Inventory to Revenue for the
three
months ended in Feb. 2024 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.
TRX Gold Days Inventory Related Terms
Thank you for viewing the detailed overview of TRX Gold's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
TRX Gold Corp, formerly Tanzanian Gold Corp is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania. The company's main area of interest has been in the exploration and development of gold properties. Its projects include the Buckreef project, Kigosi project, and Itetemia Gold project whereas, its exploration stage project consists of the Lunguya project and the Luhala project.
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