Nickel Industries (ASX:NIC) Days Inventory : 57.07 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Nickel Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nickel Industries's Average Total Inventories for the six months ended in Dec. 2023 was A$315 Mil. Nickel Industries's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1,009 Mil. Hence, Nickel Industries's Days Inventory for the six months ended in Dec. 2023 was 57.07.

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

ASX:NIC' s Days Inventory Range Over the Past 10 Years
Min: 40.27 Med: 65.14 Max: 76.68
Current: 53.27

During the past 5 years, Nickel Industries's highest Days Inventory was 76.68. The lowest was 40.27. And the median was 65.14.

ASX:NIC's Days Inventory is ranked better than
73.25% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs ASX:NIC: 53.27

Nickel Industries's Days Inventory declined from Dec. 2022 (66.44) to Dec. 2023 (57.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. Nickel Industries's Inventory Turnover for the six months ended in Dec. 2023 was 3.20.

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

Nickel Industries Days Inventory Historical Data

The historical data trend for Nickel Industries'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.

Nickel Industries Days Inventory Chart

Nickel Industries Annual Data

Trend

Jun19

Dec20

Dec21

Dec22

Dec23

Days Inventory

75.08

40.27

76.68

65.14

51.37

Nickel Industries Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial							71.70	81.76	66.44	51.61	57.07

Competitive Comparison of Nickel Industries's Days Inventory

For the Other Industrial Metals & Mining subindustry, Nickel Industries'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.

Nickel Industries's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nickel Industries's Days Inventory falls into.

Nickel Industries Days Inventory Calculation

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

Nickel Industries's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (303.58	+	297.975)	/	2 )	/	2137.049	*	365
=	300.7775					/	2137.049	*	365
=	51.37

Nickel Industries'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
=	( (332.884	+	297.975)	/	2 )	/	1008.641	*	365 / 2
=	315.4295					/	1008.641	*	365 / 2
=	57.07

Nickel Industries (ASX:NIC) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1008.641	/	315.4295
	=	3.20

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	315.4295	/	1416.071
	=	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.

Nickel Industries Days Inventory Related Terms

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

Nickel Industries (ASX:NIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Industries Ltd (ASX:NIC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NICMF:USA NM5:Germany

Address

66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.nickelmines.com.au

Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. It holds 80% interest in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (RKEF) plants producing NPI within the Indonesia Morowali Industrial Park (IMIP). Nickel Industries also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine ('Hengjaya Mine'), a large tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.