Westgold Resources (Westgold Resources) Days Inventory : 53.96 (As of Dec. 2023)

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What is Westgold Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Westgold Resources's Average Total Inventories for the six months ended in Dec. 2023 was $57.6 Mil. Westgold Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $194.8 Mil. Hence, Westgold Resources's Days Inventory for the six months ended in Dec. 2023 was 53.96.

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

WGXRF' s Days Inventory Range Over the Past 10 Years
Min: 39.81 Med: 50.99 Max: 58.17
Current: 58.17

During the past 7 years, Westgold Resources's highest Days Inventory was 58.17. The lowest was 39.81. And the median was 50.99.

WGXRF's Days Inventory is ranked better than
69.45% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs WGXRF: 58.17

Westgold Resources's Days Inventory increased from Dec. 2022 (52.84) to Dec. 2023 (53.96). It might indicate that Westgold Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Westgold Resources's Inventory Turnover for the six months ended in Dec. 2023 was 3.38.

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. Westgold Resources's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.24.

Westgold Resources Days Inventory Historical Data

The historical data trend for Westgold 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.

Westgold Resources Days Inventory Chart

Westgold Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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55.02

39.93

45.79

52.70

57.73

Westgold Resources Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial										46.69	58.39	52.84	61.79	53.96

Competitive Comparison of Westgold Resources's Days Inventory

For the Gold subindustry, Westgold 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.

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

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

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

Westgold Resources Days Inventory Calculation

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

Westgold 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
=	( (67.521	+	55.53)	/	2 )	/	388.971	*	365
=	61.5255					/	388.971	*	365
=	57.73

Westgold 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
=	( (55.53	+	59.659)	/	2 )	/	194.801	*	365 / 2
=	57.5945					/	194.801	*	365 / 2
=	53.96

Westgold Resources (OTCPK:WGXRF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	194.801	/	57.5945
	=	3.38

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	57.5945	/	243.038
	=	0.24

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.

Westgold Resources Days Inventory Related Terms

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

Westgold Resources (Westgold Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0W2:Germany WGX:Australia

Address

200 St Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.westgold.com.au

Westgold Resources Ltd is engaged in the exploration, development, and operation of gold mines, predominantly in Western Australia. The company comprises the following reportable segments - Murchison Operations, Bryah Operations and others. Murchison Operations segment contributes to the vast majority of revenue.