Alkane Resources (ASX:ALK) Days Inventory

: 67.56 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Alkane Resources's Average Total Inventories for the six months ended in Dec. 2023 was A$19.9 Mil. Alkane Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$53.8 Mil. Hence, Alkane Resources's Days Inventory for the six months ended in Dec. 2023 was 67.56.

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

ASX:ALK' s Days Inventory Range Over the Past 10 Years
Min: 65.61 Med: 78.86 Max: 356.14
Current: 81.82

During the past 13 years, Alkane Resources's highest Days Inventory was 356.14. The lowest was 65.61. And the median was 78.86.

ASX:ALK's Days Inventory is ranked better than
53.73% of 657 companies
in the Metals & Mining industry
Industry Median: 87.27 vs ASX:ALK: 81.82

Alkane Resources's Days Inventory declined from Dec. 2022 (123.42) to Dec. 2023 (67.56).

Inventory Turnover measures how fast the company turns over its inventory within a year. Alkane Resources's Inventory Turnover for the six months ended in Dec. 2023 was 2.70.

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. Alkane Resources's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.22.

Alkane Resources Days Inventory Historical Data

The historical data trend for Alkane 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.

Alkane Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

81.39

69.20

77.71

80.00

87.12

Alkane Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory																60.09	84.22	123.42	95.56	67.56

Competitive Comparison

For the Gold subindustry, Alkane 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.

Alkane Resources Days Inventory Distribution

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

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

Alkane Resources Days Inventory Calculation

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

Alkane Resources's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (17.952	+	21.906)	/	2 )	/	83.496	*	365
=	19.929					/	83.496	*	365
=	87.12

Alkane 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21.906	+	17.937)	/	2 )	/	53.814	*	365 / 2
=	19.9215					/	53.814	*	365 / 2
=	67.56

Alkane Resources (ASX:ALK) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	53.814	/	19.9215
	=	2.70

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.9215	/	89.06
	=	0.22

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.

Alkane Resources Days Inventory Related Terms

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Alkane Resources (ASX:ALK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alkane Resources Ltd (ASX:ALK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ALKEF:USA AK7:Germany

Address

66 Kings Park Road, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.alkane.com.au

Alkane Resources Ltd owns and operates Tomingley Gold Operations, an open pit and underground gold mining development, located 50km southwest of Dubbo. It also holds several prospective gold and copper tenements in Central West NSW, including the Boda deposit 20km north of Wellington. The initial Boda and Kaiser resource estimates suggest a genuine prospect for a large-tonnage gold-copper development.