Days Inventory is also known as Days Sales of Inventory (DSI). Stornoway Diamond's Average Total Inventories for the
three
months ended in Jun. 2019 was $47.0 Mil. Stornoway Diamond's Cost of Goods Sold for the
three
months ended in Jun. 2019 was $58.2 Mil.
Hence, Stornoway Diamond's Days Inventory for the
three
months ended in Jun. 2019 was 73.69.
The historical rank and industry rank for Stornoway Diamond's Days Inventory or its related term are showing as below:
SWYDF's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 87.34 * Ranked among companies with meaningful Days Inventory only.
Stornoway Diamond's Days Inventory
increased
from Jun. 2018 (55.13) to Jun. 2019 (73.69).
It might indicate that Stornoway Diamond's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Stornoway Diamond's Inventory Turnover for the
three
months ended in Jun. 2019 was 1.24.
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.
Stornoway Diamond's Inventory-to-Revenue for the
three
months ended in Jun. 2019 was 0.33.
Stornoway Diamond Days Inventory Historical Data
The historical data trend for Stornoway Diamond'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.
Competitive Comparison of Stornoway Diamond's Days Inventory
For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.
Stornoway Diamond's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Stornoway Diamond's Days Inventory distribution charts can be found below:
* The bar in red indicates where Stornoway Diamond's Days Inventory falls into.
Stornoway Diamond Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Stornoway Diamond's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as
* 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.
Stornoway Diamond (OTCPK:SWYDF) 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.
Stornoway Diamond's Inventory Turnover for the
three
months ended in Jun. 2019 is calculated as
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.
Stornoway Diamond's Inventory to Revenue for the
three
months ended in Jun. 2019 is calculated as
* 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.
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.
Stornoway Diamond Days Inventory Related Terms
Thank you for viewing the detailed overview of Stornoway Diamond's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Stornoway Diamond (Stornoway Diamond) Business Description
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.
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