Jaguar Mining (TSX:JAG) Days Inventory : 59.09 (As of Mar. 2024)

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What is Jaguar Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jaguar Mining's Average Total Inventories for the three months ended in Mar. 2024 was C$22.3 Mil. Jaguar Mining's Cost of Goods Sold for the three months ended in Mar. 2024 was C$34.5 Mil. Hence, Jaguar Mining's Days Inventory for the three months ended in Mar. 2024 was 59.09.

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

TSX:JAG' s Days Inventory Range Over the Past 10 Years
Min: 42.72 Med: 57.56 Max: 62.68
Current: 55.29

During the past 13 years, Jaguar Mining's highest Days Inventory was 62.68. The lowest was 42.72. And the median was 57.56.

TSX:JAG's Days Inventory is ranked better than
71.99% of 664 companies
in the Metals & Mining industry
Industry Median: 88.535 vs TSX:JAG: 55.29

Jaguar Mining's Days Inventory increased from Mar. 2023 (52.30) to Mar. 2024 (59.09). It might indicate that Jaguar Mining's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jaguar Mining's Inventory Turnover for the three months ended in Mar. 2024 was 1.54.

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. Jaguar Mining's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.51.

Jaguar Mining Days Inventory Historical Data

The historical data trend for Jaguar 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.

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Jaguar Mining Days Inventory Chart

Jaguar Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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61.84

62.68

54.06

52.34

56.28

Jaguar Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															52.30	51.96	52.63	56.24	59.09

Competitive Comparison of Jaguar Mining's Days Inventory

For the Gold subindustry, Jaguar 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.

Jaguar Mining's Days Inventory Distribution in the Metals & Mining Industry

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

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

Jaguar Mining Days Inventory Calculation

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

Jaguar 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
=	( (22.061	+	20.981)	/	2 )	/	139.584	*	365
=	21.521					/	139.584	*	365
=	56.28

Jaguar Mining's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (20.981	+	23.679)	/	2 )	/	34.484	*	365 / 4
=	22.33					/	34.484	*	365 / 4
=	59.09

Jaguar Mining (TSX:JAG) 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.

Jaguar Mining's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	34.484	/	22.33
	=	1.54

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.

Jaguar Mining's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.33	/	44.096
	=	0.51

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.

Jaguar Mining Days Inventory Related Terms

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

Jaguar Mining (TSX:JAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jaguar Mining Inc (TSX:JAG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

JAGGF:USA 32JP:Germany

Address

100 King Street West, First Canadian Place, Suite 5600, 56th Floor, Toronto, ON, CAN, M5X 1C9

Website

https://www.jaguarmining.com

Jaguar Mining Inc is a junior gold mining company. The company is engaged in the acquisition, exploration, development, and operation of gold-producing properties in Brazil. Its principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caete Gold Mine Complex (Pilar and Roca Grande mines, and Caete Plant) which combined, produce more than 95,000 ounces of gold annually. The company also owns the Paciencia Gold Mine Complex.

Executives