Base Resources (Base Resources) Days Inventory : 96.94 (As of Dec. 2023)

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What is Base Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Base Resources's Average Total Inventories for the six months ended in Dec. 2023 was $22.4 Mil. Base Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $42.3 Mil. Hence, Base Resources's Days Inventory for the six months ended in Dec. 2023 was 96.94.

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

BSRUF' s Days Inventory Range Over the Past 10 Years
Min: 44.32 Med: 57.33 Max: 142.93
Current: 71.56

During the past 12 years, Base Resources's highest Days Inventory was 142.93. The lowest was 44.32. And the median was 57.33.

BSRUF's Days Inventory is ranked better than
60.64% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs BSRUF: 71.56

Base Resources's Days Inventory increased from Dec. 2022 (56.45) to Dec. 2023 (96.94). It might indicate that Base Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Base Resources's Inventory Turnover for the six months ended in Dec. 2023 was 1.88.

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. Base Resources's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.31.

Base Resources Days Inventory Historical Data

The historical data trend for Base 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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Base Resources Days Inventory Chart

Base Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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54.51

51.17

49.58

46.37

57.59

Base Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															66.78	50.64	56.45	58.36	96.94

Competitive Comparison of Base Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Base 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.

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

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

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

Base Resources Days Inventory Calculation

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

Base Resources's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (15.098	+	23.111)	/	2 )	/	121.087	*	365
=	19.1045					/	121.087	*	365
=	57.59

Base Resources'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
=	( (23.111	+	21.785)	/	2 )	/	42.259	*	365 / 2
=	22.448					/	42.259	*	365 / 2
=	96.94

Base Resources (OTCPK:BSRUF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.259	/	22.448
	=	1.88

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.448	/	73.116
	=	0.31

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.

Base Resources Days Inventory Related Terms

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

Base Resources (Base Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Base Resources Ltd (OTCPK:BSRUF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BSE:UK BSE:UK B4Z:Germany BSE:Australia

Address

46 Colin Street, Level 3, West Perth, Perth, WA, AUS, 6005

Website

https://www.baseresources.com.au

Base Resources Ltd is a mineral sands producer based in Australia. The company's operating segment includes Kwale Operation; Toliara Project and Other. It generates maximum revenue from the Kwale Operation segment. Kwale Operation segment is located in Kenya and generates revenue from the sale of rutile, ilmenite, and zircon. Geographically, it has a presence in the United Kingdom, Kenya, China, USA, Australia, and Other Countries.