Geodrill (Geodrill) Days Inventory : 125.51 (As of Dec. 2023)

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What is Geodrill Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Geodrill's Average Total Inventories for the three months ended in Dec. 2023 was $34.7 Mil. Geodrill's Cost of Goods Sold for the three months ended in Dec. 2023 was $25.2 Mil. Hence, Geodrill's Days Inventory for the three months ended in Dec. 2023 was 125.51.

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

GEODF' s Days Inventory Range Over the Past 10 Years
Min: 92.1 Med: 121.6 Max: 169.48
Current: 120.96

During the past 13 years, Geodrill's highest Days Inventory was 169.48. The lowest was 92.10. And the median was 121.60.

GEODF's Days Inventory is ranked worse than
68.54% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs GEODF: 120.96

Geodrill's Days Inventory increased from Dec. 2022 (120.11) to Dec. 2023 (125.51). It might indicate that Geodrill's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Geodrill's Inventory Turnover for the three months ended in Dec. 2023 was 0.73.

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. Geodrill's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.15.

Geodrill Days Inventory Historical Data

The historical data trend for Geodrill'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.

Geodrill Days Inventory Chart

Geodrill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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97.54

119.13

107.92

110.54

121.86

Geodrill 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															120.11	114.27	118.32	124.15	125.51

Competitive Comparison of Geodrill's Days Inventory

For the Other Industrial Metals & Mining subindustry, Geodrill'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.

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

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

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

Geodrill Days Inventory Calculation

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

Geodrill'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
=	( (31.553	+	35.193)	/	2 )	/	99.957	*	365
=	33.373					/	99.957	*	365
=	121.86

Geodrill'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
=	( (34.163	+	35.193)	/	2 )	/	25.212	*	365 / 4
=	34.678					/	25.212	*	365 / 4
=	125.51

Geodrill (OTCPK:GEODF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	25.212	/	34.678
	=	0.73

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	34.678	/	30.062
	=	1.15

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.

Geodrill Days Inventory Related Terms

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

Geodrill (Geodrill) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geodrill Ltd (OTCPK:GEODF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

7GD:Germany GEO:Canada

Address

18 Peel Road, South Suite, Ragnall House, Douglas, IMN, IM1 4LZ

Website

https://www.geodrill-gh.com

Geodrill Ltd is an exploration drilling company. It mainly operates a fleet of multi-purpose, core, air-core, and grade control drill rigs. The company provides reverse circulation, diamond core, air-core, grade control, geo-tech, and water bore drilling services to major, intermediate, and junior mining companies.