SilverCrest Metals (SilverCrest Metals) Days Inventory

: 180.28 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). SilverCrest Metals's Average Total Inventories for the three months ended in Dec. 2023 was $48.2 Mil. SilverCrest Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was $24.4 Mil. Hence, SilverCrest Metals's Days Inventory for the three months ended in Dec. 2023 was 180.28.

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

SILV' s Days Inventory Range Over the Past 10 Years
Min: 170.59 Med: 571.54 Max: 972.48
Current: 170.63

During the past 9 years, SilverCrest Metals's highest Days Inventory was 972.48. The lowest was 170.59. And the median was 571.54.

SILV's Days Inventory is ranked worse than
80.64% of 656 companies
in the Metals & Mining industry
Industry Median: 87.22 vs SILV: 170.63

SilverCrest Metals's Days Inventory declined from Dec. 2022 (228.20) to Dec. 2023 (180.28).

Inventory Turnover measures how fast the company turns over its inventory within a year. SilverCrest Metals's Inventory Turnover for the three months ended in Dec. 2023 was 0.51.

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. SilverCrest Metals's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.79.

SilverCrest Metals Days Inventory Historical Data

The historical data trend for SilverCrest Metals'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => - [6] => - [7] => 972.44 [8] => 169.64 )

SilverCrest Metals Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

972.44

169.64

SilverCrest Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																228.20	169.47	172.31	161.13	180.28

Competitive Comparison

For the Other Precious Metals & Mining subindustry, SilverCrest Metals'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.

SilverCrest Metals Days Inventory Distribution

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

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

SilverCrest Metals Days Inventory Calculation

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

SilverCrest Metals'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
=	( (40.203	+	49.798)	/	2 )	/	96.824	*	365
=	45.0005					/	96.824	*	365
=	169.64

SilverCrest Metals'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
=	( (46.509	+	49.798)	/	2 )	/	24.373	*	365 / 4
=	48.1535					/	24.373	*	365 / 4
=	180.28

SilverCrest Metals (AMEX:SILV) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	24.373	/	48.1535
	=	0.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	48.1535	/	61.32
	=	0.79

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.

SilverCrest Metals Days Inventory Related Terms

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

SilverCrest Metals (SilverCrest Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SilverCrest Metals Inc (AMEX:SILV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

S0C:Germany SIL:Canada

Address

570 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 3P1

Website

https://www.silvercrestmetals.com

SilverCrest Metals Inc involves in the exploration, development, and extraction of silver and other precious metals. The company's properties include Las Chispas, Cruz de Mayo, and other projects.