Gold Mountain Mining (TSX:GMTN) Days Inventory

: 6.50 (As of Oct. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Gold Mountain Mining's Average Total Inventories for the three months ended in Oct. 2023 was C$0.32 Mil. Gold Mountain Mining's Cost of Goods Sold for the three months ended in Oct. 2023 was C$4.47 Mil. Hence, Gold Mountain Mining's Days Inventory for the three months ended in Oct. 2023 was 6.50.

The historical rank and industry rank for Gold Mountain Mining's Days Inventory or its related term are showing as below:

TSX:GMTN' s Days Inventory Range Over the Past 10 Years
Min: 1.18 Med: 1.18 Max: 6.42
Current: 6.42

During the past 5 years, Gold Mountain Mining's highest Days Inventory was 6.42. The lowest was 1.18. And the median was 1.18.

TSX:GMTN's Days Inventory is ranked better than
98.02% of 657 companies
in the Metals & Mining industry
Industry Median: 87.27 vs TSX:GMTN: 6.42

Gold Mountain Mining's Days Inventory declined from Oct. 2022 (7.56) to Oct. 2023 (6.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. Gold Mountain Mining's Inventory Turnover for the three months ended in Oct. 2023 was 14.04.

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. Gold Mountain Mining's Inventory-to-Revenue for the three months ended in Oct. 2023 was 0.18.

Gold Mountain Mining Days Inventory Historical Data

The historical data trend for Gold Mountain Mining'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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Gold Mountain Mining Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Days Inventory

1.18

Gold Mountain Mining Quarterly Data
	Jan19	Jan20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Inventory	Get a 7-Day Free Trial									7.56	4.26	5.67	10.40	6.50

Competitive Comparison

For the Gold subindustry, Gold Mountain Mining'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.

Gold Mountain Mining Days Inventory Distribution

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

* The bar in red indicates where Gold Mountain Mining's Days Inventory falls into.

Gold Mountain Mining Days Inventory Calculation

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

Gold Mountain Mining's Days Inventory for the fiscal year that ended in Jan. 2023 is calculated as

	Days Inventory (A: Jan. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (0	+	0.035)	/	1 )	/	10.84	*	365
=	0.035					/	10.84	*	365
=	1.18

Gold Mountain Mining's Days Inventory for the quarter that ended in Oct. 2023 is calculated as:

	Days Inventory (Q: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (0	+	0.318)	/	1 )	/	4.465	*	365 / 4
=	0.318					/	4.465	*	365 / 4
=	6.50

Gold Mountain Mining (TSX:GMTN) 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.

Gold Mountain Mining's Inventory Turnover for the three months ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.465	/	0.318
	=	14.04

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.

Gold Mountain Mining's Inventory to Revenue for the three months ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.318	/	1.781
	=	0.18

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.

Gold Mountain Mining Days Inventory Related Terms

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

Gold Mountain Mining (TSX:GMTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Mountain Mining Corp (TSX:GMTN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GMTNF:USA 5XFA:Germany

Address

1285 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 4B1

Website

https://www.gold-mountain.ca

Gold Mountain Mining Corp is a gold and silver exploration and development company. It focuses on the expansion of the resource at the Elk Gold Project, a past-producing mine located 57 km from Merritt in South Central British Columbia. It operates in a single segment, being the production of crushed ore and mineral exploration and development of resources.

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