Days Inventory is also known as Days Sales of Inventory (DSI). Fenix Resources's Average Total Inventories for the
six
months ended in Dec. 2023 was A$10.4 Mil. Fenix Resources's Cost of Goods Sold for the
six
months ended in Dec. 2023 was A$79.1 Mil.
Hence, Fenix Resources's Days Inventory for the
six
months ended in Dec. 2023 was 24.03.
The historical rank and industry rank for Fenix Resources's Days Inventory or its related term are showing as below:
ASX:FEX'
s Days Inventory Range Over the Past 10 Years
Min: 21.94 Med: 25.17 Max: 110.34
Current: 25.76
During the past 13 years, Fenix Resources's highest Days Inventory was 110.34. The lowest was 21.94. And the median was 25.17.
ASX:FEX's Days Inventory is ranked better than 90.77% of 574
companies
in the Steel industry
Industry Median: 85.7
vs ASX:FEX: 25.76
Fenix Resources's Days Inventory
increased
from Dec. 2022 (23.71) to Dec. 2023 (24.03).
It might indicate that Fenix Resources's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Fenix Resources's Inventory Turnover for the
six
months ended in Dec. 2023 was 7.60.
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.
Fenix Resources's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.08.
Fenix Resources Days Inventory Historical Data
The historical data trend for Fenix 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.
Competitive Comparison of Fenix Resources's Days Inventory
For the Steel subindustry, Fenix 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.
Fenix Resources's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Fenix Resources's Days Inventory distribution charts can be found below:
* The bar in red indicates where Fenix Resources's Days Inventory falls into.
Fenix Resources Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Fenix Resources's Days Inventory for the fiscal year that ended in Jun. 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.
Fenix Resources (ASX:FEX) 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.
Fenix Resources's Inventory Turnover for the
six
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.
Fenix Resources's Inventory to Revenue for the
six
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.
Fenix Resources Days Inventory Related Terms
Thank you for viewing the detailed overview of Fenix Resources's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Fenix Resources Ltd is an Australian company engaged in exploring, developing, and mining mineral tenements. The Group has three reportable segments: the Iron Ridge Project, Fenix-Newhaul and Trucking Joint Venture. It is involved in the exploration of iron, base metals, and precious metals in Western Australia. The majority of the revenue is generated from Western Australia's iron ore mining. Its Iron Ridge Project is located approximately 600 km north-northeast of Perth and approximately 67 km northeast of the township of Cue in the Murchison region.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASX:FEX has been successfully added to your 