Tanami Gold NL (ASX:TAM) Days Inventory : 0.00 (As of Dec. 2023)

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What is Tanami Gold NL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tanami Gold NL's Average Total Inventories for the six months ended in Dec. 2023 was A$0.00 Mil. Tanami Gold NL's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.27 Mil. Hence, Tanami Gold NL's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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

During the past 13 years, Tanami Gold NL's highest Days Inventory was 81.80. The lowest was 81.80. And the median was 81.80.

ASX:TAM's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.02
* Ranked among companies with meaningful Days Inventory only.

Tanami Gold NL'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.

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.

Tanami Gold NL Days Inventory Historical Data

The historical data trend for Tanami Gold NL'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.

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Tanami Gold NL Days Inventory Chart

Tanami Gold NL Annual Data

Trend

Jun14

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Jun16

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Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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Tanami Gold NL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Tanami Gold NL's Days Inventory

For the Gold subindustry, Tanami Gold NL'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.

Tanami Gold NL's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tanami Gold NL's Days Inventory falls into.

Tanami Gold NL Days Inventory Calculation

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

Tanami Gold NL'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
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Tanami Gold NL'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
=	( (0	+	0)	/	1 )	/	0.274	*	365 / 2
=	0					/	0.274	*	365 / 2
=	0.00

Tanami Gold NL (ASX:TAM) 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.

Tanami Gold NL's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.274	/	0
	=

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.

Tanami Gold NL's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0
	=

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.

Tanami Gold NL Days Inventory Related Terms

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

Tanami Gold NL (ASX:TAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tanami Gold NL (ASX:TAM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Mends Street, Unit 202, Level 2, Echelon, South Perth, Perth, WA, AUS, 6151

Website

https://www.tanami.com.au

Tanami Gold NL is a mineral exploration company that is engaged in gold mining operations. Its principal activity is to develop its Central Tanami Project in the Tanami Desert in the Northern Territory.

Tanami Gold NL (ASX:TAM) Headlines

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