Goldgroup Mining (Goldgroup Mining) Days Inventory : 56.83 (As of Dec. 2023)

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What is Goldgroup Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Goldgroup Mining's Average Total Inventories for the three months ended in Dec. 2023 was $2.30 Mil. Goldgroup Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.69 Mil. Hence, Goldgroup Mining's Days Inventory for the three months ended in Dec. 2023 was 56.83.

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

GGAZF' s Days Inventory Range Over the Past 10 Years
Min: 40.79 Med: 52.99 Max: 263.1
Current: 63.41

During the past 13 years, Goldgroup Mining's highest Days Inventory was 263.10. The lowest was 40.79. And the median was 52.99.

GGAZF's Days Inventory is ranked better than
66.11% of 658 companies
in the Metals & Mining industry
Industry Median: 87.15 vs GGAZF: 63.41

Goldgroup Mining's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (56.83). It might indicate that Goldgroup Mining'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. Goldgroup Mining's Inventory Turnover for the three months ended in Dec. 2023 was 1.61.

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. Goldgroup Mining's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.49.

Goldgroup Mining Days Inventory Historical Data

The historical data trend for Goldgroup Mining'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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Goldgroup Mining Days Inventory Chart

Goldgroup Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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43.85

52.46

42.73

271.09

82.35

Goldgroup Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	140.05	32.63	56.83

Competitive Comparison of Goldgroup Mining's Days Inventory

For the Gold subindustry, Goldgroup Mining'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.

Goldgroup Mining's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Goldgroup Mining's Days Inventory falls into.

Goldgroup Mining Days Inventory Calculation

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

Goldgroup Mining'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
=	( (0.765	+	3.004)	/	2 )	/	8.353	*	365
=	1.8845					/	8.353	*	365
=	82.35

Goldgroup Mining'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.592	+	3.004)	/	2 )	/	3.69	*	365 / 4
=	2.298					/	3.69	*	365 / 4
=	56.83

Goldgroup Mining (OTCPK:GGAZF) 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.

Goldgroup Mining's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.69	/	2.298
	=	1.61

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.

Goldgroup Mining's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.298	/	4.674
	=	0.49

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.

Goldgroup Mining Days Inventory Related Terms

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

Goldgroup Mining (Goldgroup Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldgroup Mining Inc (OTCPK:GGAZF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GGA:Mexico 55G0:Germany GGA:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.goldgroupmining.com

Goldgroup Mining Inc is a Canadian-based gold production, development, and exploration company with an upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San Jose de Gracia, located in the State of Sinaloa. In addition, the company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.