Days Inventory is also known as Days Sales of Inventory (DSI). Mineral Resources's Average Total Inventories for the
six
months ended in Dec. 2023 was A$657 Mil. Mineral Resources's Cost of Goods Sold for the
six
months ended in Dec. 2023 was A$-5 Mil.
The historical rank and industry rank for Mineral Resources's Days Inventory or its related term are showing as below:
ASX:MIN'
s Days Inventory Range Over the Past 10 Years
Min: 63.44 Med: 229.73 Max: 859.41
Current: 306.76
During the past 13 years, Mineral Resources's highest Days Inventory was 859.41. The lowest was 63.44. And the median was 229.73.
ASX:MIN's Days Inventory is ranked worse than 90.27% of 658
companies
in the Metals & Mining industry
Industry Median: 87.34
vs ASX:MIN: 306.76
Mineral Resources's Days Inventory
stayed the same
from Dec. 2022 (0.00) to Dec. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Mineral Resources's Inventory Turnover for the
six
months ended in Dec. 2023 was -0.01.
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.
Mineral Resources's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.26.
Mineral Resources Days Inventory Historical Data
The historical data trend for Mineral 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 Mineral Resources's Days Inventory
For the Other Industrial Metals & Mining subindustry, Mineral 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.
Mineral Resources's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Mineral Resources's Days Inventory distribution charts can be found below:
* The bar in red indicates where Mineral Resources's Days Inventory falls into.
Mineral Resources Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Mineral 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.
Mineral Resources (ASX:MIN) 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.
Mineral 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.
Mineral 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.
Mineral Resources Days Inventory Related Terms
Thank you for viewing the detailed overview of Mineral Resources's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.
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