GoldMoney (GoldMoney) Days Inventory : 59.44 (As of Dec. 2023)

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What is GoldMoney Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GoldMoney's Average Total Inventories for the three months ended in Dec. 2023 was $5.6 Mil. GoldMoney's Cost of Goods Sold for the three months ended in Dec. 2023 was $8.6 Mil. Hence, GoldMoney's Days Inventory for the three months ended in Dec. 2023 was 59.44.

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

XAUMF' s Days Inventory Range Over the Past 10 Years
Min: 4.21 Med: 15.2 Max: 67.7
Current: 29.67

During the past 11 years, GoldMoney's highest Days Inventory was 67.70. The lowest was 4.21. And the median was 15.20.

XAUMF's Days Inventory is ranked better than
58.8% of 216 companies
in the Capital Markets industry
Industry Median: 60.24 vs XAUMF: 29.67

GoldMoney's Days Inventory declined from Dec. 2022 (407.32) to Dec. 2023 (59.44).

Inventory Turnover measures how fast the company turns over its inventory within a year. GoldMoney's Inventory Turnover for the three months ended in Dec. 2023 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. GoldMoney's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.41.

GoldMoney Days Inventory Historical Data

The historical data trend for GoldMoney'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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GoldMoney Days Inventory Chart

GoldMoney Annual Data

Trend

Sep13

Sep14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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26.20

14.45

15.22

50.15

70.45

GoldMoney 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															407.32	21.43	33.75	166.18	59.44

Competitive Comparison of GoldMoney's Days Inventory

For the Capital Markets subindustry, GoldMoney'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.

GoldMoney's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GoldMoney's Days Inventory distribution charts can be found below:

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

GoldMoney Days Inventory Calculation

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

GoldMoney's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (42.851	+	38.972)	/	2 )	/	211.951	*	365
=	40.9115					/	211.951	*	365
=	70.45

GoldMoney'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
=	( (9.82	+	1.4)	/	2 )	/	8.612	*	365 / 4
=	5.61					/	8.612	*	365 / 4
=	59.44

GoldMoney (OTCPK:XAUMF) 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.

GoldMoney's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.612	/	5.61
	=	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.

GoldMoney's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.61	/	13.768
	=	0.41

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.

GoldMoney Days Inventory Related Terms

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

GoldMoney (GoldMoney) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GoldMoney Inc (OTCPK:XAUMF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

9BT0:Germany XAU:Canada

Address

334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4

Website

https://www.goldmoney.com

GoldMoney Inc is engaged in precious metal focused global business. It operates through subsidiaries and is engaged in precious metal sales to its clients, including arranging delivery and storage of precious metals for its clients, coin retailing, and lending. Goldmoney has a client base in more than a hundred countries and holds precious metal assets. The company's operating subsidiaries include Goldmoney.com and SchiffGold.com. In addition to the company's principal business segments, the company holds a significant interest in Mene Inc., which crafts pure 24-karat gold and platinum investment jewelry that is sold by gram weight. Through these businesses and other investment activities, the firm gains long-term exposure to precious metals.