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Argonaut Gold Days Inventory

: 114.24 (As of Mar. 2022)
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Days Inventory is also known as Days Sales of Inventory (DSI). Argonaut Gold's Average Total Inventories for the three months ended in Mar. 2022 was $105.3 Mil. Argonaut Gold's Cost of Goods Sold for the three months ended in Mar. 2022 was $84.1 Mil. Hence, Argonaut Gold's Days Inventory for the three months ended in Mar. 2022 was 114.24.

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

ARNGF' s Days Inventory Range Over the Past 10 Years
Min: 90.36   Med: 144.13   Max: 195.8
Current: 103.06

During the past 13 years, Argonaut Gold's highest Days Inventory was 195.80. The lowest was 90.36. And the median was 144.13.

ARNGF's Days Inventory is ranked worse than
65.41% of 662 companies
in the Metals & Mining industry
Industry Median: 80.21 vs ARNGF: 103.06

Argonaut Gold's Days Inventory increased from Mar. 2021 (85.78) to Mar. 2022 (114.24). It might indicate that Argonaut Gold's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Argonaut Gold's Inventory Turnover for the three months ended in Mar. 2022 was 0.80.

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. Argonaut Gold's Inventory-to-Revenue for the three months ended in Mar. 2022 was 1.00.


Argonaut Gold Days Inventory Historical Data

The historical data trend for Argonaut Gold'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.

Argonaut Gold Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 191.77 141.41 89.36 102.57 96.95

Argonaut Gold Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 85.78 91.94 101.85 103.63 114.24

Competitive Comparison

For the Gold subindustry, Argonaut Gold'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.

   

Argonaut Gold Days Inventory Distribution

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

* The bar in red indicates where Argonaut Gold's Days Inventory falls into.



Argonaut Gold Days Inventory Calculation

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

Argonaut Gold's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

Days Inventory (A: Dec. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (69.836 + 101.514) / 2 ) / 322.551*365
=85.675 / 322.551*365
=96.95

Argonaut Gold's Days Inventory for the quarter that ended in Mar. 2022 is calculated as:

Days Inventory (Q: Mar. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2021 ) + Total Inventories (Q: Mar. 2022 )) / count ) / Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=( (101.514 + 109.164) / 2 ) / 84.139*365 / 4
=105.339 / 84.139*365 / 4
=114.24

* 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.


Argonaut Gold  (OTCPK:ARNGF) 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.

Argonaut Gold's Inventory Turnover for the three months ended in Mar. 2022 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.

Argonaut Gold's Inventory to Revenue for the three months ended in Mar. 2022 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.


Argonaut Gold Days Inventory Related Terms

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


Argonaut Gold Business Description

Argonaut Gold logo
Traded in Other Exchanges
Address
9600 Prototype Court, Reno, NV, USA, 89521
Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the advanced exploration stage Cerro del Gallo project and several other exploration stage projects, all of which are located in North America.

Argonaut Gold Headlines

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