New Century Resources (ASX:NCZ) Days Inventory : 84.77 (As of Dec. 2022)

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What is New Century Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Century Resources's Average Total Inventories for the six months ended in Dec. 2022 was A$43.1 Mil. New Century Resources's Cost of Goods Sold for the six months ended in Dec. 2022 was A$92.9 Mil. Hence, New Century Resources's Days Inventory for the six months ended in Dec. 2022 was 84.77.

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

ASX:NCZ' s Days Inventory Range Over the Past 10 Years
Min: 33.29 Med: 41.72 Max: 73.41
Current: 73.41

During the past 12 years, New Century Resources's highest Days Inventory was 73.41. The lowest was 33.29. And the median was 41.72.

ASX:NCZ's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 88.64 vs ASX:NCZ: 73.41

New Century Resources's Days Inventory increased from Dec. 2021 (50.76) to Dec. 2022 (84.77). It might indicate that New Century Resources'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. New Century Resources's Inventory Turnover for the six months ended in Dec. 2022 was 2.15.

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. New Century Resources's Inventory-to-Revenue for the six months ended in Dec. 2022 was 0.27.

New Century Resources Days Inventory Historical Data

The historical data trend for New Century 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.

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New Century Resources Days Inventory Chart

New Century Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Days Inventory

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33.29

50.14

New Century Resources Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Days Inventory	Get a 7-Day Free Trial															30.53	46.97	50.76	57.15	84.77

Competitive Comparison of New Century Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, New Century 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.

New Century Resources's Days Inventory Distribution in the Metals & Mining Industry

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

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

New Century Resources Days Inventory Calculation

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

New Century Resources's Days Inventory for the fiscal year that ended in Jun. 2022 is calculated as

	Days Inventory (A: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (24.031	+	32.64)	/	2 )	/	206.288	*	365
=	28.3355					/	206.288	*	365
=	50.14

New Century Resources's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

	Days Inventory (Q: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (32.64	+	53.649)	/	2 )	/	92.887	*	365 / 2
=	43.1445					/	92.887	*	365 / 2
=	84.77

New Century Resources (ASX:NCZ) 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.

New Century Resources's Inventory Turnover for the six months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	92.887	/	43.1445
	=	2.15

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.

New Century Resources's Inventory to Revenue for the six months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.1445	/	162.109
	=	0.27

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.

New Century Resources Days Inventory Related Terms

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

New Century Resources (ASX:NCZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 Collins Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.newcenturyresources.com

New Century Resources Ltd is a mining company focused on producing metal from globally significant assets, acquired on attractive terms while rehabilitating legacy impacts on the environment. The company is a Zinc producer, operating Australia's hydraulic mining operation at the Century Mine in Queensland; extracting, processing and shipping Zinc reprocessed from historical tailings waste. It is actively progressing organic growth opportunities through in-situ projects at Century and exploring the potential to restart the Mt Lyell Copper Mine in Tasmania using renewable energy. In addition, the group is partnering with major mining companies to reprocess and rehabilitate tailings, to the benefit of the shareholders and the environment.