Champion Iron (Champion Iron) Days Inventory

: 90.92 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Champion Iron's Average Total Inventories for the three months ended in Dec. 2023 was $199 Mil. Champion Iron's Cost of Goods Sold for the three months ended in Dec. 2023 was $200 Mil. Hence, Champion Iron's Days Inventory for the three months ended in Dec. 2023 was 90.92.

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

CIAFF' s Days Inventory Range Over the Past 10 Years
Min: 42.92 Med: 51.57 Max: 4142.79
Current: 76.61

During the past 11 years, Champion Iron's highest Days Inventory was 4142.79. The lowest was 42.92. And the median was 51.57.

CIAFF's Days Inventory is ranked better than
56.79% of 574 companies
in the Steel industry
Industry Median: 85.7 vs CIAFF: 76.61

Champion Iron's Days Inventory increased from Dec. 2022 (58.50) to Dec. 2023 (90.92). It might indicate that Champion Iron's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Champion Iron's Inventory Turnover for the three months ended in Dec. 2023 was 1.00.

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. Champion Iron's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.53.

Champion Iron Days Inventory Historical Data

The historical data trend for Champion Iron'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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Champion Iron Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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46.79

45.35

47.03

60.33

53.08

Champion Iron 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															58.50	54.56	71.66	87.65	90.92

Competitive Comparison

For the Steel subindustry, Champion Iron'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.

Champion Iron Days Inventory Distribution

For the Steel industry and Basic Materials sector, Champion Iron's Days Inventory distribution charts can be found below:

* The bar in red indicates where Champion Iron's Days Inventory falls into.

Champion Iron Days Inventory Calculation

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

Champion Iron's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (78.089	+	122.539)	/	2 )	/	689.766	*	365
=	100.314					/	689.766	*	365
=	53.08

Champion Iron'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
=	( (186.842	+	211.758)	/	2 )	/	200.014	*	365 / 4
=	199.3					/	200.014	*	365 / 4
=	90.92

Champion Iron (OTCPK:CIAFF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	200.014	/	199.3
	=	1.00

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	199.3	/	377.826
	=	0.53

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.

Champion Iron Days Inventory Related Terms

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

Champion Iron (Champion Iron) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Champion Iron Ltd (OTCPK:CIAFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MMPI:Germany CIA:Canada CIA:Australia

Address

91 Evans Street, Level 1, Rozelle, Sydney, NSW, AUS, 2039

Website

https://www.championiron.com

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others. Its segment includes Iron Ore Concentrate; Exploration and Evaluation and Corporate. The company generates maximum revenue from the Iron Ore Concentrate segment.

Champion Iron (Champion Iron) Headlines

From GuruFocus

Champion Iron Limited Webcast Live at VirtualInvestorConferences.com June 17th

By PRNewswire PRNewswire • 06-14-2021