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Mountain Province Diamonds (TSX:MPVD) Days Inventory : 192.25 (As of Mar. 2023)


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What is Mountain Province Diamonds Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mountain Province Diamonds's Average Total Inventories for the three months ended in Mar. 2023 was C$171.6 Mil. Mountain Province Diamonds's Cost of Goods Sold for the three months ended in Mar. 2023 was C$81.5 Mil. Hence, Mountain Province Diamonds's Days Inventory for the three months ended in Mar. 2023 was 192.25.

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

TSX:MPVD's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.64
* Ranked among companies with meaningful Days Inventory only.

Mountain Province Diamonds's Days Inventory declined from Mar. 2022 (302.89) to Mar. 2023 (192.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mountain Province Diamonds's Inventory Turnover for the three months ended in Mar. 2023 was 0.47.

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. Mountain Province Diamonds's Inventory-to-Revenue for the three months ended in Mar. 2023 was 1.33.

Mountain Province Diamonds Days Inventory Historical Data

The historical data trend for Mountain Province Diamonds'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.

Mountain Province Diamonds Days Inventory Chart

Mountain Province Diamonds Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146.38 155.32 161.57 187.50 226.21

Mountain Province Diamonds Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 302.89 339.87 244.24 235.50 192.25

Competitive Comparison of Mountain Province Diamonds's Days Inventory

For the Other Precious Metals & Mining subindustry, Mountain Province Diamonds'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.

Mountain Province Diamonds's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mountain Province Diamonds's Days Inventory falls into.


Mountain Province Diamonds Days Inventory Calculation

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

Mountain Province Diamonds's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (109.832 + 160.789) / 2 ) / 218.328*365
=135.3105 / 218.328*365
=226.21

Mountain Province Diamonds's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

Days Inventory (Q: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count ) / Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=( (160.789 + 182.453) / 2 ) / 81.457*365 / 4
=171.621 / 81.457*365 / 4
=192.25

* 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.

Mountain Province Diamonds  (TSX:MPVD) 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.

Mountain Province Diamonds's Inventory Turnover for the three months ended in Mar. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=81.457 / 171.621
=0.47

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.

Mountain Province Diamonds's Inventory to Revenue for the three months ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=171.621 / 128.657
=1.33

* 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.

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.

Mountain Province Diamonds Days Inventory Related Terms

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

Mountain Province Diamonds (TSX:MPVD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mountain Province Diamonds Inc (TSX:MPVD) » Definitions » Days Inventory
Comparable Companies
TSXV:SLVR TSXV:BBB TSXV:BRC TSXV:AMK TSXV:TUO TSXV:SCOT TSXV:MMG TSXV:AEMC TSX:DIAM TSXV:SM ISX:AMMN JSE:AMS SZSE:000975 MIC:ALRS ISX:MBMA LSE:FRES LIM:BUENAVC1 JSE:IMP TSX:TFPM OICT
Traded in Other Exchanges
MPVDF:USA MPG:Germany
Address
161 Bay Street, Suite 1410, P.O. Box 216, Toronto, ON, CAN, M5J 2S1
Website
https://www.mountainprovince.com
Mountain Province Diamonds Inc is engaged in the mining and marketing of rough diamonds. The Company supplies rough diamonds from its 49% ownership interest in the Gahcho Kue diamond mine (the GK Diamond Mine). The GK Diamond Mine is located in Canada's Northwest Territories. The Company also owns 100% of the mineral rights of the Kennady North Project (KNP) in Canada's Northwest Territories.

Mountain Province Diamonds (TSX:MPVD) Headlines

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