Genesis Minerals (ASX:GMD) Days Inventory : 37.12 (As of Dec. 2023)

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What is Genesis Minerals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Genesis Minerals's Average Total Inventories for the six months ended in Dec. 2023 was A$30.8 Mil. Genesis Minerals's Cost of Goods Sold for the six months ended in Dec. 2023 was A$151.4 Mil. Hence, Genesis Minerals's Days Inventory for the six months ended in Dec. 2023 was 37.12.

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

ASX:GMD' s Days Inventory Range Over the Past 10 Years
Min: 78.49 Med: 496.97 Max: 496.97
Current: 78.49

During the past 13 years, Genesis Minerals's highest Days Inventory was 496.97. The lowest was 78.49. And the median was 496.97.

ASX:GMD's Days Inventory is ranked better than
56.08% of 658 companies
in the Metals & Mining industry
Industry Median: 87.15 vs ASX:GMD: 78.49

Genesis Minerals's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (37.12). It might indicate that Genesis Minerals's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Genesis Minerals's Inventory Turnover for the six months ended in Dec. 2023 was 4.92.

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. Genesis Minerals's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.14.

Genesis Minerals Days Inventory Historical Data

The historical data trend for Genesis Minerals'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.

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Genesis Minerals Days Inventory Chart

Genesis Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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496.97

Genesis Minerals 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	Get a 7-Day Free Trial															-	-	-	-	37.12

Competitive Comparison of Genesis Minerals's Days Inventory

For the Gold subindustry, Genesis Minerals'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.

Genesis Minerals's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Genesis Minerals's Days Inventory falls into.

Genesis Minerals Days Inventory Calculation

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

Genesis Minerals'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
=	( (0	+	31.949)	/	1 )	/	23.465	*	365
=	31.949					/	23.465	*	365
=	496.97

Genesis Minerals'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
=	( (31.949	+	29.638)	/	2 )	/	151.415	*	365 / 2
=	30.7935					/	151.415	*	365 / 2
=	37.12

Genesis Minerals (ASX:GMD) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	151.415	/	30.7935
	=	4.92

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.7935	/	215.924
	=	0.14

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.

Genesis Minerals Days Inventory Related Terms

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

Genesis Minerals (ASX:GMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Genesis Minerals Ltd (ASX:GMD) » Definitions » Days Inventory

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GSISF:USA

Address

Level 7, 40 The Esplanade, Perth, WA, AUS, 6000

Website

https://www.genesisminerals.com.au

Genesis Minerals Ltd is an Australian gold exploration company. The Group's sole activity is mineral production, exploration and development of mineral interests in the Leonora region, wholly within Australia It owns an interest in Ulysses Gold Project and Barimaia Gold Project. The company generates revenue from the sale of Gold and Silver, with the majority of revenue coming from the sale of Gold.

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