Ascot Resources (TSX:AOT) Days Inventory : 483.50 (As of Dec. 2023)

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What is Ascot Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ascot Resources's Average Total Inventories for the three months ended in Dec. 2023 was C$0.76 Mil. Ascot Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.14 Mil. Hence, Ascot Resources's Days Inventory for the three months ended in Dec. 2023 was 483.50.

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

TSX:AOT' s Days Inventory Range Over the Past 10 Years
Min: 498.2 Med: 498.2 Max: 498.2
Current: 498.2

During the past 13 years, Ascot Resources's highest Days Inventory was 498.20. The lowest was 498.20. And the median was 498.20.

TSX:AOT's Days Inventory is ranked worse than
93.62% of 658 companies
in the Metals & Mining industry
Industry Median: 87.15 vs TSX:AOT: 498.20

Ascot Resources's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (483.50). It might indicate that Ascot 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. Ascot Resources's Inventory Turnover for the three months ended in Dec. 2023 was 0.19.

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.

Ascot Resources Days Inventory Historical Data

The historical data trend for Ascot 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.

Ascot Resources Days Inventory Chart

Ascot Resources Annual Data

Trend

Mar14

Mar15

Mar16

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Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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498.20

Ascot Resources 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															-	-	-	-	483.50

Competitive Comparison of Ascot Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Ascot 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.

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

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

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

Ascot Resources Days Inventory Calculation

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

Ascot 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
=	( (0	+	0.763)	/	1 )	/	0.559	*	365
=	0.763					/	0.559	*	365
=	498.20

Ascot 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0.763)	/	1 )	/	0.144	*	365 / 4
=	0.763					/	0.144	*	365 / 4
=	483.50

Ascot Resources (TSX:AOT) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.144	/	0.763
	=	0.19

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.763	/	0
	=

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.

Ascot Resources Days Inventory Related Terms

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

Ascot Resources (TSX:AOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascot Resources Ltd (TSX:AOT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AOTVF:USA BHQ:Germany

Address

1095 West Pender Street, Suite 1050, Vancouver, BC, CAN, V6E 2M6

Website

https://www.ascotgold.com

Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in Washington State, USA.

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