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Mineral Commodities (ASX:MRC) Days Inventory : 0.00 (As of Dec. 2023)


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What is Mineral Commodities Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mineral Commodities's Average Total Inventories for the six months ended in Dec. 2023 was A$28.74 Mil. Mineral Commodities's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.00 Mil.

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

ASX:MRC's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 86.88
* Ranked among companies with meaningful Days Inventory only.

Mineral Commodities's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mineral Commodities's Inventory Turnover for the six months ended in Dec. 2023 was 0.00.

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. Mineral Commodities's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.44.


Mineral Commodities Days Inventory Historical Data

The historical data trend for Mineral Commodities'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.

Mineral Commodities Days Inventory Chart

Mineral Commodities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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Mineral Commodities Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Mineral Commodities's Days Inventory

For the Other Industrial Metals & Mining subindustry, Mineral Commodities'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.


Mineral Commodities's Days Inventory Distribution in the Metals & Mining Industry

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

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



Mineral Commodities Days Inventory Calculation

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

Mineral Commodities'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
=( (17.562 + 32.17) / 2 ) / 0*365
=24.866 / 0*365
=N/A

Mineral Commodities'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
=( (25.318 + 32.17) / 2 ) / 0*365 / 2
=28.744 / 0*365 / 2
=N/A

* 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.


Mineral Commodities  (ASX:MRC) 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.

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

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.

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

* 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.


Mineral Commodities Days Inventory Related Terms

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


Mineral Commodities Business Description

Traded in Other Exchanges
Address
Unit 2, 59 Belmont Avenue, Belmont, WA, AUS, 6104
Mineral Commodities Ltd is a mineral exploration and development company. It has mineral sands projects in South Africa. It is also engaged in exploration activities in Iran, and Australia. The company has five reportable segments: Mineral sands mining and production (Tormin Mineral Sands project) - South Africa; 2. Mineral sands exploration (Xolobeni Mineral Sands project) - South Africa; 3. Graphite mining and production (Skaland) - Norway; 4. Exploration activities - Australia; and 5. Corporate (management and administration of the Company's projects) - Australia, South Africa, and Norway.