The historical rank and industry rank for Newfield Resources's Days Inventory or its related term are showing as below:
ASX:NWF's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 85.61 * Ranked among companies with meaningful Days Inventory only.
Newfield Resources's Days Inventory
increased
from Jun. 2023 (0.00) to Jun. 2024 (363.21).
It might indicate that Newfield Resources's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Newfield Resources's Inventory Turnover for the
six
months ended in Jun. 2024 was 0.50.
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.
Newfield Resources (ASX:NWF) 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.
Newfield Resources's Inventory Turnover for the
six
months ended in Jun. 2024 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.
Newfield Resources's Inventory to Revenue for the
six
months ended in Jun. 2024 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.
Newfield Resources Days Inventory Related Terms
Newfield Resources Days Inventory Historical Data
* Premium members only.
The historical data trend for Newfield 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.
For the Other Precious Metals & Mining subindustry, Newfield 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.
Newfield Resources Days Inventory vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Newfield Resources's Days Inventory distribution charts can be found below:
* The bar in red indicates where Newfield Resources's Days Inventory falls into.
* 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.
Newfield Resources (ASX:NWF) has a Days Inventory of 363.21 as of Jun. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Newfield Resources and its competitors.
Is Newfield Resources' Days Inventory too high?
Newfield Resources' current Days Inventory is 363.21. The Metals & Mining industry median Days Inventory is 85.61. Newfield Resources' value of 363.21 is 324.3% above this industry median.
How does Newfield Resources' Days Inventory compare to HL?
Newfield Resources' Days Inventory of 363.21 can be compared against companies in the Metals & Mining industry. The industry median Days Inventory is 85.61. Newfield Resources' value of 363.21 is 324.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Metals & Mining company?
The median Days Inventory among Metals & Mining companies is 85.61, based on 681 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Newfield Resources's current Days Inventory of 363.21 is 324.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Newfield Resources and its competitors. For the Metals & Mining industry, the median Days Inventory is 85.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newfield Resources's current Days Inventory is 363.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newfield Resources stock overvalued right now?
Newfield Resources (ASX:NWF) has a current Days Inventory of 363.21. The current Days Inventory is 363.21 and 324.3% above the Metals & Mining industry median of 85.61. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Newfield Resources (ASX:NWF), the current Days Inventory is 363.21 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.
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