Days Inventory is also known as Days Sales of Inventory (DSI). SSR Mining's Average Total Inventories for the
three
months ended in Dec. 2023 was €486 Mil. SSR Mining's Cost of Goods Sold for the
three
months ended in Dec. 2023 was €262 Mil.
Hence, SSR Mining's Days Inventory for the
three
months ended in Dec. 2023 was 169.11.
The historical rank and industry rank for SSR Mining's Days Inventory or its related term are showing as below:
FRA:ZSV'
s Days Inventory Range Over the Past 10 Years
Min: 121.83 Med: 185.36 Max: 224.51
Current: 188.75
During the past 13 years, SSR Mining's highest Days Inventory was 224.51. The lowest was 121.83. And the median was 185.36.
FRA:ZSV's Days Inventory is ranked worse than 83.46% of 659
companies
in the Metals & Mining industry
Industry Median: 88.57
vs FRA:ZSV: 188.75
SSR Mining's Days Inventory
declined
from Dec. 2022 (198.59) to Dec. 2023 (169.11).
Inventory Turnover measures how fast the company turns over its inventory within a year.
SSR Mining's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.54.
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.
SSR Mining's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.24.
SSR Mining Days Inventory Historical Data
The historical data trend for SSR 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.
Competitive Comparison of SSR Mining's Days Inventory
For the Gold subindustry, SSR 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.
SSR Mining's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, SSR Mining's Days Inventory distribution charts can be found below:
* The bar in red indicates where SSR Mining's Days Inventory falls into.
SSR Mining Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
SSR Mining'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.
SSR Mining (FRA:ZSV) 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.
SSR Mining'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.
SSR Mining'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.
SSR Mining Days Inventory Related Terms
Thank you for viewing the detailed overview of SSR Mining's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard's revenue is attributable to the production of gold, with a significant portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Puna mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard's silver production is principally derived from the Puna mine.
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