Tasman Resources (Tasman Resources) Days Inventory : 1,504.92 (As of Dec. 2023)

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What is Tasman Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tasman Resources's Average Total Inventories for the six months ended in Dec. 2023 was $1.61 Mil. Tasman Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.20 Mil. Hence, Tasman Resources's Days Inventory for the six months ended in Dec. 2023 was 1,504.92.

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

TASEF' s Days Inventory Range Over the Past 10 Years
Min: 233.62 Med: 538.33 Max: 1074.04
Current: 1065.81

During the past 13 years, Tasman Resources's highest Days Inventory was 1074.04. The lowest was 233.62. And the median was 538.33.

TASEF's Days Inventory is ranked worse than
96.66% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs TASEF: 1065.81

Tasman Resources's Days Inventory increased from Dec. 2022 (502.28) to Dec. 2023 (1,504.92). It might indicate that Tasman Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tasman Resources's Inventory Turnover for the six months ended in Dec. 2023 was 0.12.

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. Tasman Resources's Inventory-to-Revenue for the six months ended in Dec. 2023 was 2.71.

Tasman Resources Days Inventory Historical Data

The historical data trend for Tasman 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.

Tasman Resources Days Inventory Chart

Tasman Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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627.46

469.96

476.67

628.85

600.53

Tasman 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	Get a 7-Day Free Trial															684.61	544.85	502.28	839.45	1,504.92

Competitive Comparison of Tasman Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Tasman 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.

Tasman Resources's Days Inventory Distribution in the Metals & Mining Industry

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

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

Tasman Resources Days Inventory Calculation

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

Tasman Resources's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.801	+	1.664)	/	2 )	/	1.053	*	365
=	1.7325					/	1.053	*	365
=	600.53

Tasman 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
=	( (1.664	+	1.552)	/	2 )	/	0.195	*	365 / 2
=	1.608					/	0.195	*	365 / 2
=	1,504.92

Tasman Resources (OTCPK:TASEF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.195	/	1.608
	=	0.12

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.608	/	0.594
	=	2.71

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.

Tasman Resources Days Inventory Related Terms

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

Tasman Resources (Tasman Resources) Business Description

Industry

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

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Traded in Other Exchanges

TAS:Australia

Address

197 St Georges Terrace, Level 15, Perth, WA, AUS, 6000

Website

https://www.tasmanresources.com.au

Tasman Resources Ltd is an Australian exploration company. The company is focusing on exploration projects with the potential to deposit a wide range of precious and base metals including gold, silver, copper, zinc, nickel, and uranium. Its projects are Lake Torrens Project, Pernatty Project and Vulcan prospect. The company's segments include Tasman Resources Ltd and Eden Innovations. It generates maximum revenue from the Eden Innovations segment.