GoldStone Resources (FRA:GVL1) Days Inventory : 240.27 (As of Jun. 2024)

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What is GoldStone Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GoldStone Resources's Average Total Inventories for the six months ended in Jun. 2024 was €1.65 Mil. GoldStone Resources's Cost of Goods Sold for the six months ended in Jun. 2024 was €1.25 Mil. Hence, GoldStone Resources's Days Inventory for the six months ended in Jun. 2024 was 240.27.

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

FRA:GVL1' s Days Inventory Range Over the Past 10 Years
Min: 60.61 Med: 255.1 Max: 601.2
Current: 601.2

During the past 13 years, GoldStone Resources's highest Days Inventory was 601.20. The lowest was 60.61. And the median was 255.10.

FRA:GVL1's Days Inventory is ranked worse than
93.24% of 651 companies
in the Metals & Mining industry
Industry Median: 87.07 vs FRA:GVL1: 601.20

GoldStone Resources's Days Inventory increased from Jun. 2023 (17.03) to Jun. 2024 (240.27). It might indicate that GoldStone Resources's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. GoldStone Resources's Inventory Turnover for the six months ended in Jun. 2024 was 0.76.

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. GoldStone Resources's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.68.

GoldStone Resources Days Inventory Historical Data

The historical data trend for GoldStone 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.

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GoldStone Resources Days Inventory Chart

GoldStone Resources Annual Data

Trend

Feb14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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61.97

448.82

GoldStone Resources Semi-Annual Data
	Aug14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															79.24	36.14	17.03	-	240.27

Competitive Comparison of GoldStone Resources's Days Inventory

For the Gold subindustry, GoldStone 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.

GoldStone Resources's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where GoldStone Resources's Days Inventory falls into.

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GoldStone Resources Days Inventory Calculation

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

GoldStone Resources'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
=	( (0.108	+	2.007)	/	2 )	/	0.86	*	365
=	1.0575					/	0.86	*	365
=	448.82

GoldStone Resources's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (2.007	+	1.287)	/	2 )	/	1.251	*	365 / 2
=	1.647					/	1.251	*	365 / 2
=	240.27

GoldStone Resources (FRA:GVL1) 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.

GoldStone Resources's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.251	/	1.647
	=	0.76

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.

GoldStone Resources's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.647	/	2.422
	=	0.68

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.

GoldStone Resources Days Inventory Related Terms

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

GoldStone Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldStone Resources Ltd (FRA:GVL1) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GRL:UK

Address

41 The Parade, 2nd Floor, International House, Saint Helier, JEY, JE2 3QQ

Website

https://www.goldstoneresources.com

GoldStone Resources Ltd is an exploration company. Its primary activity is the exploration and mining of gold and associated elements. The company projects include Akrokeri and Homase Licence. It has two reportable egments: Exploration and Corporate.

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