Days Inventory is also known as Days Sales of Inventory (DSI). Fortescue's Average Total Inventories for the
six
months ended in Dec. 2023 was $1,250 Mil. Fortescue's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $3,174 Mil.
Hence, Fortescue's Days Inventory for the
six
months ended in Dec. 2023 was 71.84.
The historical rank and industry rank for Fortescue's Days Inventory or its related term are showing as below:
FSUGY'
s Days Inventory Range Over the Past 10 Years
Min: 53.71 Med: 63.26 Max: 84.46
Current: 72.47
During the past 13 years, Fortescue's highest Days Inventory was 84.46. The lowest was 53.71. And the median was 63.26.
FSUGY's Days Inventory is ranked better than 60.33% of 658
companies
in the Metals & Mining industry
Industry Median: 87.15
vs FSUGY: 72.47
Fortescue's Days Inventory
increased
from Dec. 2022 (66.60) to Dec. 2023 (71.84).
It might indicate that Fortescue's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Fortescue's Inventory Turnover for the
six
months ended in Dec. 2023 was 2.54.
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.
Fortescue's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.13.
Fortescue Days Inventory Historical Data
The historical data trend for Fortescue'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 Fortescue's Days Inventory
For the Other Industrial Metals & Mining subindustry, Fortescue'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.
Fortescue's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortescue's Days Inventory distribution charts can be found below:
* The bar in red indicates where Fortescue's Days Inventory falls into.
Fortescue Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Fortescue's Days Inventory for the fiscal year that ended in Jun. 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.
Fortescue (OTCPK:FSUGY) 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.
Fortescue's Inventory Turnover for the
six
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.
Fortescue's Inventory to Revenue for the
six
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.
Fortescue Days Inventory Related Terms
Thank you for viewing the detailed overview of Fortescue's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.
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