Dundee Precious Metals (TSX:DPM) Days Inventory : 104.78 (As of Dec. 2023)

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What is Dundee Precious Metals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dundee Precious Metals's Average Total Inventories for the three months ended in Dec. 2023 was C$56.0 Mil. Dundee Precious Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was C$48.8 Mil. Hence, Dundee Precious Metals's Days Inventory for the three months ended in Dec. 2023 was 104.78.

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

TSX:DPM' s Days Inventory Range Over the Past 10 Years
Min: 38.1 Med: 47.72 Max: 64.93
Current: 53.58

During the past 13 years, Dundee Precious Metals's highest Days Inventory was 64.93. The lowest was 38.10. And the median was 47.72.

TSX:DPM's Days Inventory is ranked better than
72.8% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs TSX:DPM: 53.58

Dundee Precious Metals's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (104.78). It might indicate that Dundee Precious Metals'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. Dundee Precious Metals's Inventory Turnover for the three months ended in Dec. 2023 was 0.87.

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. Dundee Precious Metals's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.68.

Dundee Precious Metals Days Inventory Historical Data

The historical data trend for Dundee Precious 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.

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Dundee Precious Metals Days Inventory Chart

Dundee Precious Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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43.03

42.84

45.10

64.75

53.28

Dundee Precious 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	Get a 7-Day Free Trial															-	43.68	50.27	47.90	104.78

Competitive Comparison of Dundee Precious Metals's Days Inventory

For the Gold subindustry, Dundee Precious 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.

Dundee Precious Metals's Days Inventory Distribution in the Metals & Mining Industry

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

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

Dundee Precious Metals Days Inventory Calculation

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

Dundee Precious 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
=	( (62.237	+	51.64)	/	2 )	/	390.09	*	365
=	56.9385					/	390.09	*	365
=	53.28

Dundee Precious 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
=	( (60.404	+	51.64)	/	2 )	/	48.789	*	365 / 4
=	56.022					/	48.789	*	365 / 4
=	104.78

Dundee Precious Metals (TSX:DPM) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	48.789	/	56.022
	=	0.87

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	56.022	/	82.824
	=	0.68

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.

Dundee Precious Metals Days Inventory Related Terms

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

Dundee Precious Metals (TSX:DPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dundee Precious Metals Inc (TSX:DPM) » Definitions » Days Inventory

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DPMLF:USA DPU:Germany

Address

150 King Street West, Suite 902, P.O. Box 30, Toronto, ON, CAN, M5H 1J9

Website

https://www.dundeeprecious.com

Dundee Precious Metals Inc is an international mining company engaged in the acquisition, exploration, development, mining, and processing of precious metals. The company has three reportable operating segments Chelopech and Ada Tepe in Bulgaria and Tsumeb in Namibia.