Assore (Assore) Days Inventory : 142.45 (As of Dec. 2019)

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What is Assore Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Assore's Average Total Inventories for the six months ended in Dec. 2019 was $132.6 Mil. Assore's Cost of Goods Sold for the six months ended in Dec. 2019 was $169.9 Mil. Hence, Assore's Days Inventory for the six months ended in Dec. 2019 was 142.45.

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

ASORY' s Days Inventory Range Over the Past 10 Years
Min: 56.74 Med: 116.62 Max: 186.69
Current: 130.13

During the past 13 years, Assore's highest Days Inventory was 186.69. The lowest was 56.74. And the median was 116.62.

ASORY's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 88.57 vs ASORY: 130.13

Assore's Days Inventory increased from Dec. 2018 (119.59) to Dec. 2019 (142.45). It might indicate that Assore's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Assore's Inventory Turnover for the six months ended in Dec. 2019 was 1.28.

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. Assore's Inventory-to-Revenue for the six months ended in Dec. 2019 was 0.75.

Assore Days Inventory Historical Data

The historical data trend for Assore'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.

Assore Days Inventory Chart

Assore Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Days Inventory

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126.45

206.43

91.75

99.79

119.15

Assore Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Days Inventory	Get a 7-Day Free Trial															86.55	92.96	119.59	123.99	142.45

Competitive Comparison of Assore's Days Inventory

For the Other Industrial Metals & Mining subindustry, Assore'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.

Assore's Days Inventory Distribution in the Metals & Mining Industry

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

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

Assore Days Inventory Calculation

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

Assore's Days Inventory for the fiscal year that ended in Jun. 2019 is calculated as

	Days Inventory (A: Jun. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2018 )	+	Total Inventories (A: Jun. 2019 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2019 )	*	Days in Period
=	( (102.296	+	138.04)	/	2 )	/	368.123	*	365
=	120.168					/	368.123	*	365
=	119.15

Assore's Days Inventory for the quarter that ended in Dec. 2019 is calculated as:

	Days Inventory (Q: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
=	( (138.04	+	127.23)	/	2 )	/	169.924	*	365 / 2
=	132.635					/	169.924	*	365 / 2
=	142.45

Assore (OTCPK:ASORY) 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.

Assore's Inventory Turnover for the six months ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	169.924	/	132.635
	=	1.28

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.

Assore's Inventory to Revenue for the six months ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	132.635	/	177.757
	=	0.75

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.

Assore Days Inventory Related Terms

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

Assore (Assore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Assore Ltd (OTCPK:ASORY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Assore House, 15 Fricker Road, Illovo Boulevard, Johannesburg, ZAF, 2196

Website

https://www.assore.com

Assore Ltd is a mining holding company, and its primary investment is a 50% investment in Assmang, which it controls jointly with African Rainbow Minerals. The group is engaged in mining of iron, manganese, and chrome ores, together with other industrial minerals and the production of manganese alloys. In addition, the company is also responsible for marketing all products produced by Assore and Assmang, the majority of which is exported, with the remainder either used in the group's beneficiation processes or sold locally.

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