Days Inventory is also known as Days Sales of Inventory (DSI). Corsa Coal's Average Total Inventories for the
three
months ended in Dec. 2023 was $7.8 Mil. Corsa Coal's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $32.6 Mil.
Hence, Corsa Coal's Days Inventory for the
three
months ended in Dec. 2023 was 21.95.
The historical rank and industry rank for Corsa Coal's Days Inventory or its related term are showing as below:
CRSXF'
s Days Inventory Range Over the Past 10 Years
Min: 18.48 Med: 22.77 Max: 70.79
Current: 19.9
During the past 13 years, Corsa Coal's highest Days Inventory was 70.79. The lowest was 18.48. And the median was 22.77.
CRSXF's Days Inventory is ranked better than 94.6% of 574
companies
in the Steel industry
Industry Median: 85.7
vs CRSXF: 19.90
Corsa Coal's Days Inventory
increased
from Dec. 2022 (17.74) to Dec. 2023 (21.95).
It might indicate that Corsa Coal's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Corsa Coal's Inventory Turnover for the
three
months ended in Dec. 2023 was 4.16.
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.
Corsa Coal's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.18.
Corsa Coal Days Inventory Historical Data
The historical data trend for Corsa Coal'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.
Competitive Comparison of Corsa Coal's Days Inventory
For the Coking Coal subindustry, Corsa Coal'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.
Corsa Coal's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Corsa Coal's Days Inventory distribution charts can be found below:
* The bar in red indicates where Corsa Coal's Days Inventory falls into.
Corsa Coal Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Corsa Coal's Days Inventory for the fiscal year that 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.
Corsa Coal (OTCPK:CRSXF) 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.
Corsa Coal's Inventory Turnover for the
three
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.
Corsa Coal's Inventory to Revenue for the
three
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.
Corsa Coal Days Inventory Related Terms
Thank you for viewing the detailed overview of Corsa Coal's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments.
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