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Great Western Minerals Group (Great Western Minerals Group) Days Inventory : 73.20 (As of Sep. 2014)


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What is Great Western Minerals Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Great Western Minerals Group's Average Total Inventories for the three months ended in Sep. 2014 was $3.58 Mil. Great Western Minerals Group's Cost of Goods Sold for the three months ended in Sep. 2014 was $4.46 Mil. Hence, Great Western Minerals Group's Days Inventory for the three months ended in Sep. 2014 was 73.20.

The historical rank and industry rank for Great Western Minerals Group's Days Inventory or its related term are showing as below:

GWMGF's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 88.105
* Ranked among companies with meaningful Days Inventory only.

Great Western Minerals Group's Days Inventory declined from Sep. 2013 (144.91) to Sep. 2014 (73.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. Great Western Minerals Group's Inventory Turnover for the three months ended in Sep. 2014 was 1.25.

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. Great Western Minerals Group's Inventory-to-Revenue for the three months ended in Sep. 2014 was 0.64.


Great Western Minerals Group Days Inventory Historical Data

The historical data trend for Great Western Minerals Group'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.

Great Western Minerals Group Days Inventory Chart

Great Western Minerals Group Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93.70 70.34 117.54 138.55 121.76

Great Western Minerals Group Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 144.91 91.18 70.61 91.78 73.20

Competitive Comparison of Great Western Minerals Group's Days Inventory

For the Other Industrial Metals & Mining subindustry, Great Western Minerals Group'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.


Great Western Minerals Group's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Great Western Minerals Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Great Western Minerals Group's Days Inventory falls into.



Great Western Minerals Group Days Inventory Calculation

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

Great Western Minerals Group's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

Days Inventory (A: Dec. 2013 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2012 ) + Total Inventories (A: Dec. 2013 )) / count ) / Cost of Goods Sold (A: Dec. 2013 )*Days in Period
=( (4.243 + 3.873) / 2 ) / 12.165*365
=4.058 / 12.165*365
=121.76

Great Western Minerals Group's Days Inventory for the quarter that ended in Sep. 2014 is calculated as:

Days Inventory (Q: Sep. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2014 ) + Total Inventories (Q: Sep. 2014 )) / count ) / Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=( (3.938 + 3.213) / 2 ) / 4.457*365 / 4
=3.5755 / 4.457*365 / 4
=73.20

* 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.


Great Western Minerals Group  (OTCPK:GWMGF) 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.

Great Western Minerals Group's Inventory Turnover for the three months ended in Sep. 2014 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.

Great Western Minerals Group's Inventory to Revenue for the three months ended in Sep. 2014 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.


Great Western Minerals Group Days Inventory Related Terms

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


Great Western Minerals Group (Great Western Minerals Group) Business Description

Traded in Other Exchanges
N/A
Address
Unit 201B, 2121 Airport Drive, Saskatoon, SK, CAN, S7L 6W5
Great Western Minerals Group Ltd is a Canadian-based exploration and development company, which is engaged in the exploration and development of its rare earth elements (REE) property, and the manufacturing and marketing of products containing REE. The company operates as an integrated rare earth processor which manufactures specialty alloys used in the magnet, battery, defense and aerospace industries. It holds an interest in the Steenkampskraal monazite mine, located approximately 350 kilometers northwest of Cape Town, South Africa. Further, the group also holds an interest in Hoidas Lake rare earth mineral property in Canada.

Great Western Minerals Group (Great Western Minerals Group) Headlines

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