Days Inventory is also known as Days Sales of Inventory (DSI). Taseko Mines's Average Total Inventories for the
three
months ended in Dec. 2023 was $93.6 Mil. Taseko Mines's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $70.0 Mil.
Hence, Taseko Mines's Days Inventory for the
three
months ended in Dec. 2023 was 121.97.
The historical rank and industry rank for Taseko Mines's Days Inventory or its related term are showing as below:
TGB'
s Days Inventory Range Over the Past 10 Years
Min: 40.93 Med: 64.49 Max: 108.86
Current: 108.86
During the past 13 years, Taseko Mines's highest Days Inventory was 108.86. The lowest was 40.93. And the median was 64.49.
TGB's Days Inventory is ranked worse than 60.39% of 659
companies
in the Metals & Mining industry
Industry Median: 88.57
vs TGB: 108.86
Taseko Mines's Days Inventory
increased
from Dec. 2022 (100.85) to Dec. 2023 (121.97).
It might indicate that Taseko Mines's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Taseko Mines's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.75.
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.
Taseko Mines's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.82.
Taseko Mines Days Inventory Historical Data
The historical data trend for Taseko Mines'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 Taseko Mines's Days Inventory
For the Copper subindustry, Taseko Mines'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.
Taseko Mines's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Taseko Mines's Days Inventory distribution charts can be found below:
* The bar in red indicates where Taseko Mines's Days Inventory falls into.
Taseko Mines Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Taseko Mines's Days Inventory for the fiscal year that ended in Dec. 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.
Taseko Mines (AMEX:TGB) 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.
Taseko Mines's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Taseko Mines's Inventory to Revenue for the
three
months ended in Dec. 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.
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.
Taseko Mines Days Inventory Related Terms
Thank you for viewing the detailed overview of Taseko Mines's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.
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