New Gold (New Gold) Days Inventory

: 64.02 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). New Gold's Average Total Inventories for the three months ended in Dec. 2023 was $131.1 Mil. New Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was $186.8 Mil. Hence, New Gold's Days Inventory for the three months ended in Dec. 2023 was 64.02.

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

NGD' s Days Inventory Range Over the Past 10 Years
Min: 61.91 Med: 79.9 Max: 178.38
Current: 68.24

During the past 13 years, New Gold's highest Days Inventory was 178.38. The lowest was 61.91. And the median was 79.90.

NGD's Days Inventory is ranked better than
62.56% of 657 companies
in the Metals & Mining industry
Industry Median: 87.02 vs NGD: 68.24

New Gold's Days Inventory increased from Dec. 2022 (61.66) to Dec. 2023 (64.02). It might indicate that New Gold's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Gold's Inventory Turnover for the three months ended in Dec. 2023 was 1.43.

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. New Gold's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.66.

New Gold Days Inventory Historical Data

The historical data trend for New 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.

* Premium members only.

New Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

75.03

69.61

61.88

68.41

64.62

New Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																61.66	63.76	74.94	74.57	64.02

Competitive Comparison

For the Gold subindustry, New 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.

New Gold Days Inventory Distribution

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

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

New Gold Days Inventory Calculation

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

New Gold'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
=	( (115.7	+	126.7)	/	2 )	/	684.6	*	365
=	121.2					/	684.6	*	365
=	64.62

New Gold'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
=	( (135.4	+	126.7)	/	2 )	/	186.8	*	365 / 4
=	131.05					/	186.8	*	365 / 4
=	64.02

New Gold (AMEX:NGD) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	186.8	/	131.05
	=	1.43

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	131.05	/	199.2
	=	0.66

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.

New Gold Days Inventory Related Terms

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

New Gold (New Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Gold Inc (AMEX:NGD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

32N:Germany 32N:Germany NGD:Canada

Address

181 Bay Street, Suite 3320, Toronto, ON, CAN, M5J 2T3

Website

https://www.newgold.com

New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver to various banks engaged in the trading of precious metals and refineries.