Teck Resources (Teck Resources) Days Inventory

: 93.39 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Teck Resources's Average Total Inventories for the three months ended in Dec. 2023 was $2,191 Mil. Teck Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,141 Mil. Hence, Teck Resources's Days Inventory for the three months ended in Dec. 2023 was 93.39.

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

TCKRF' s Days Inventory Range Over the Past 10 Years
Min: 83.06 Med: 88.61 Max: 105.91
Current: 105.89

During the past 13 years, Teck Resources's highest Days Inventory was 105.91. The lowest was 83.06. And the median was 88.61.

TCKRF's Days Inventory is ranked worse than
59.15% of 656 companies
in the Metals & Mining industry
Industry Median: 87.22 vs TCKRF: 105.89

Teck Resources's Days Inventory declined from Dec. 2022 (122.12) to Dec. 2023 (93.39).

Inventory Turnover measures how fast the company turns over its inventory within a year. Teck Resources's Inventory Turnover for the three months ended in Dec. 2023 was 0.98.

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. Teck Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.72.

Teck Resources Days Inventory Historical Data

The historical data trend for Teck Resources'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.

Teck Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

85.05

91.04

102.96

108.97

103.52

Teck Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																122.12	118.06	122.11	98.21	93.39

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Teck Resources'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.

Teck Resources Days Inventory Distribution

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

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

Teck Resources Days Inventory Calculation

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

Teck Resources'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
=	( (1976.445	+	2195.886)	/	2 )	/	7355.397	*	365
=	2086.1655					/	7355.397	*	365
=	103.52

Teck Resources'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
=	( (2186.091	+	2195.886)	/	2 )	/	2140.728	*	365 / 4
=	2190.9885					/	2140.728	*	365 / 4
=	93.39

Teck Resources (OTCPK:TCKRF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2140.728	/	2190.9885
	=	0.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2190.9885	/	3062.016
	=	0.72

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.

Teck Resources Days Inventory Related Terms

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

Teck Resources (Teck Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teck Resources Ltd (OTCPK:TCKRF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TECK:USA TECK:Mexico TPT:Germany TEKB:Germany TPT:Germany TEKB:Germany TECK.B:Canada TECK.A:Canada

Address

550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3

Website

https://www.teck.com

Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.