Silver X Mining (FRA:AGX) Days Inventory : 11.76 (As of Dec. 2023)

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What is Silver X Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Silver X Mining's Average Total Inventories for the three months ended in Dec. 2023 was €0.63 Mil. Silver X Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was €4.89 Mil. Hence, Silver X Mining's Days Inventory for the three months ended in Dec. 2023 was 11.76.

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

FRA:AGX' s Days Inventory Range Over the Past 10 Years
Min: 17.53 Med: 25.88 Max: 32.75
Current: 17.53

During the past 4 years, Silver X Mining's highest Days Inventory was 32.75. The lowest was 17.53. And the median was 25.88.

FRA:AGX's Days Inventory is ranked better than
95.17% of 662 companies
in the Metals & Mining industry
Industry Median: 88.535 vs FRA:AGX: 17.53

Silver X Mining's Days Inventory declined from Dec. 2022 (18.38) to Dec. 2023 (11.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. Silver X Mining's Inventory Turnover for the three months ended in Dec. 2023 was 7.76.

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. Silver X Mining's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.16.

Silver X Mining Days Inventory Historical Data

The historical data trend for Silver X Mining'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.

Silver X Mining Days Inventory Chart

Silver X Mining Annual Data

Trend

Feb20

Feb21

Dec22

Dec23

Days Inventory

32.73

19.22

Silver X Mining Quarterly Data
	May20	Aug20	Feb21	May21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial								18.38	19.29	15.83	26.07	11.76

Competitive Comparison of Silver X Mining's Days Inventory

For the Other Industrial Metals & Mining subindustry, Silver X Mining'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.

Silver X Mining's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver X Mining's Days Inventory falls into.

Silver X Mining Days Inventory Calculation

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

Silver X Mining'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
=	( (1.205	+	0.559)	/	2 )	/	16.752	*	365
=	0.882					/	16.752	*	365
=	19.22

Silver X Mining'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.701	+	0.559)	/	2 )	/	4.889	*	365 / 4
=	0.63					/	4.889	*	365 / 4
=	11.76

Silver X Mining (FRA:AGX) 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.

Silver X Mining's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.889	/	0.63
	=	7.76

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.

Silver X Mining's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.63	/	3.987
	=	0.16

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.

Silver X Mining Days Inventory Related Terms

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

Silver X Mining (FRA:AGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver X Mining Corp (FRA:AGX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AGXPF:USA AGX:Germany AGX:Canada

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.silverx-mining.com

Silver X Mining Corp is a Canadian silver mining company with assets in Peru and Ecuador. The Company operates in two reportable operating segments, the exploration and development of mineral properties. The company's flagship asset is the Nueva Recuperada silver lead zinc project located in Huancavelica, Peru. The firm offers diverse commodity exposure, including silver, gold, lead, and zinc opportunities. It also holds interest in the Coriorcco gold project.