Bushveld Minerals (Bushveld Minerals) Days Inventory

: 157.83 (As of Jun. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Bushveld Minerals's Average Total Inventories for the six months ended in Jun. 2023 was $51.0 Mil. Bushveld Minerals's Cost of Goods Sold for the six months ended in Jun. 2023 was $58.9 Mil. Hence, Bushveld Minerals's Days Inventory for the six months ended in Jun. 2023 was 157.83.

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

BSHVF' s Days Inventory Range Over the Past 10 Years
Min: 96.14 Med: 140.1 Max: 171.73
Current: 158.2

During the past 12 years, Bushveld Minerals's highest Days Inventory was 171.73. The lowest was 96.14. And the median was 140.10.

BSHVF's Days Inventory is ranked worse than
77.93% of 657 companies
in the Metals & Mining industry
Industry Median: 87.27 vs BSHVF: 158.20

Bushveld Minerals's Days Inventory increased from Jun. 2022 (145.96) to Jun. 2023 (157.83). It might indicate that Bushveld Minerals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bushveld Minerals's Inventory Turnover for the six months ended in Jun. 2023 was 1.16.

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. Bushveld Minerals's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.65.

Bushveld Minerals Days Inventory Historical Data

The historical data trend for Bushveld Minerals'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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Bushveld Minerals Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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96.14

169.76

138.31

134.46

162.84

Bushveld Minerals Semi-Annual Data
	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															123.61	141.33	145.96	167.58	157.83

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Bushveld Minerals'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.

Bushveld Minerals Days Inventory Distribution

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

* The bar in red indicates where Bushveld Minerals's Days Inventory falls into.

Bushveld Minerals Days Inventory Calculation

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

Bushveld Minerals's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (41.646	+	54.99)	/	2 )	/	108.304	*	365
=	48.318					/	108.304	*	365
=	162.84

Bushveld Minerals's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (54.99	+	46.963)	/	2 )	/	58.945	*	365 / 2
=	50.9765					/	58.945	*	365 / 2
=	157.83

Bushveld Minerals (OTCPK:BSHVF) 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.

Bushveld Minerals's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	58.945	/	50.9765
	=	1.16

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.

Bushveld Minerals's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	50.9765	/	78.428
	=	0.65

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.

Bushveld Minerals Days Inventory Related Terms

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

Bushveld Minerals (Bushveld Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bushveld Minerals Ltd (OTCPK:BSHVF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BMN:UK 23U:Germany

Address

9 Harries Road, Illovo, 2nd Floor, Building 3, Illovo Edge Office Park, Johannesburg, GT, ZAF, 2116

Website

https://www.bushveldminerals.com

Bushveld Minerals Ltd is a low-cost, vertically integrated primary vanadium producer. Bushveld offers a compelling exposure to vanadium because it operates across both the upstream and downstream value chains through Bushveld Vanadium and Bushveld Energy. The company participates in the entire vanadium value chain through its three main pillars: vanadium mining and production, which consists of the Vametco and Vanchem operations; energy and mineral exploration activities for vanadium and coal exploration (together "Exploration"). Activities take place in South Africa (iron ore, vanadium and energy), Madagascar (coal), other African countries (energy project development) and global (battery investment, vanadium sales).