China Nonferrous Gold (FRA:KRB) Days Inventory : 190.95 (As of Jun. 2023)

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What is China Nonferrous Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Nonferrous Gold's Average Total Inventories for the six months ended in Jun. 2023 was €15.53 Mil. China Nonferrous Gold's Cost of Goods Sold for the six months ended in Jun. 2023 was €14.84 Mil. Hence, China Nonferrous Gold's Days Inventory for the six months ended in Jun. 2023 was 190.95.

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

FRA:KRB' s Days Inventory Range Over the Past 10 Years
Min: 148.36 Med: 182.55 Max: 1284.39
Current: 156.05

During the past 13 years, China Nonferrous Gold's highest Days Inventory was 1284.39. The lowest was 148.36. And the median was 182.55.

FRA:KRB's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 88.19 vs FRA:KRB: 156.05

China Nonferrous Gold's Days Inventory declined from Jun. 2022 (207.68) to Jun. 2023 (190.95).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Nonferrous Gold's Inventory Turnover for the six months ended in Jun. 2023 was 0.96.

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. China Nonferrous Gold's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.56.

China Nonferrous Gold Days Inventory Historical Data

The historical data trend for China Nonferrous Gold'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.

China Nonferrous Gold Days Inventory Chart

China Nonferrous Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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354.84

187.79

177.69

157.30

150.06

China Nonferrous Gold Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															212.55	138.68	207.68	132.49	190.95

Competitive Comparison of China Nonferrous Gold's Days Inventory

For the Gold subindustry, China Nonferrous Gold'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.

China Nonferrous Gold's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where China Nonferrous Gold's Days Inventory falls into.

China Nonferrous Gold Days Inventory Calculation

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

China Nonferrous Gold's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (15.341	+	15.773)	/	2 )	/	37.841	*	365
=	15.557					/	37.841	*	365
=	150.06

China Nonferrous Gold's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (15.773	+	15.287)	/	2 )	/	14.843	*	365 / 2
=	15.53					/	14.843	*	365 / 2
=	190.95

China Nonferrous Gold (FRA:KRB) 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.

China Nonferrous Gold's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.843	/	15.53
	=	0.96

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.

China Nonferrous Gold's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.53	/	27.849
	=	0.56

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.

China Nonferrous Gold Days Inventory Related Terms

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

China Nonferrous Gold (FRA:KRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Nonferrous Gold Ltd (FRA:KRB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CFEGF:USA CNG.GB:UK CNG:UK

Address

One Nexus Way, Camana Bay, Grand Cayman, CYM, KY1-9005

Website

https://www.cnfgold.com

China Nonferrous Gold Ltd is a mineral exploration and development company. The company's geographical segment includes United Kingdom, China, and Tajikistan. It derives a majority of its revenue from Tajikistan. The company projects include the Pakrut Gold Project and Pakrut Licence Area.

China Nonferrous Gold (FRA:KRB) Headlines

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