Iluka Resources (Iluka Resources) Days Inventory

: 777.27 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Iluka Resources's Average Total Inventories for the six months ended in Dec. 2023 was $434.7 Mil. Iluka Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $102.1 Mil. Hence, Iluka Resources's Days Inventory for the six months ended in Dec. 2023 was 777.27.

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

ILKAY' s Days Inventory Range Over the Past 10 Years
Min: 283.97 Med: 412.56 Max: 589.47
Current: 589.47

During the past 13 years, Iluka Resources's highest Days Inventory was 589.47. The lowest was 283.97. And the median was 412.56.

ILKAY's Days Inventory is ranked worse than
94.37% of 657 companies
in the Metals & Mining industry
Industry Median: 87.02 vs ILKAY: 589.47

Iluka Resources's Days Inventory increased from Dec. 2022 (422.36) to Dec. 2023 (777.27). It might indicate that Iluka Resources's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Iluka Resources's Inventory Turnover for the six months ended in Dec. 2023 was 0.23.

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. Iluka Resources's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.19.

Iluka Resources Days Inventory Historical Data

The historical data trend for Iluka 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.

* Premium members only.

Iluka Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

301.87

419.65

291.56

413.15

581.46

Iluka 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																313.95	374.09	422.36	473.84	777.27

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Iluka 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.

Iluka Resources Days Inventory Distribution

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

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

Iluka Resources Days Inventory Calculation

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

Iluka Resources'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
=	( (366.599	+	443.574)	/	2 )	/	254.284	*	365
=	405.0865					/	254.284	*	365
=	581.46

Iluka 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
=	( (425.906	+	443.574)	/	2 )	/	102.075	*	365 / 2
=	434.74					/	102.075	*	365 / 2
=	777.27

Iluka Resources (OTCPK:ILKAY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	102.075	/	434.74
	=	0.23

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	434.74	/	365.194
	=	1.19

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.

Iluka Resources Days Inventory Related Terms

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

Iluka Resources (Iluka Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ILKAF:USA ILZ:Germany ILU:Australia

Address

240 St Georges Terrace, Level 17, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Iluka Resources is a leading global mineral sands miner. It is the largest global producer of zircon, and one of the largest producers of titanium dioxide feedstocks (rutile, synthetic rutile). Low zircon costs are underpinned by the high-grade Jacinth-Ambrosia mine in South Australia but reserve life is less than 10 years. A 20% shareholding in Deterra Royalties brings exposure to the high-quality Mining Area C iron ore royalty. Iluka is constructing its West Balranald rutile and zircon mine while also building a rare-earth refinery at Eneabba, which will be able to process Iluka's existing monazite stockpile as well as feed from third parties and future Iluka projects.